1269 Tunnel Rd - Storefront Retail/Office FOR SALE


Asheville, NC 28805- Blue Ridge
$1,600,000 USD
828-707-5221
1269 Tunnel Rd, Asheville, NC for Sale
$1,600,000 USD
Storefront Retail/Office - FOR SALE
1/5
null | 7.5% Cap Rate

1269 Tunnel Rd
Asheville, NC 28805
Blue Ridge


HIGHLIGHTS

  • Resilient unit size applicable for a wide range of uses
  • Majority NNN leases hedge against operating expense inflation
  • Annual base rental rate escalations keep your investment growing

OVERVIEW

Legacy Business Park, located at 1269 Tunnel Road in Asheville, NC, is a fully stabilized ±6,300 SF retail center anchored by a national pizza brand and a diverse mix of five additional established tenants. Offered at $1,600,000, the property features a high-visibility location on the US 70 corridor with approximately 411 feet of frontage, situated less than a mile from both I-40 and the Asheville VA Medical Center. This 100% occupied asset, built in 2003, provides a resilient income stream supported by a synergistic tenant base including medical, fitness, and retail users.

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$251 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

28

LAND DETAILS

LAND ACRES

0.62 AC

LAND SF

26,989 SF

ZONING

HB

APN/PARCEL ID

9668-76-1134-00000

ASK ABOUT THIS PROPERTY

Keoki KimzinG/M Property GroupMore Info
828-707-5221

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Keoki KimzinG/M Property GroupMore Info
828-707-5221

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.