7 S Tunnel Rd - Department Store FOR SALE


Asheville, NC 28805- Kenilworth
$5,100,000 USD
828-424-1141
7 S Tunnel Rd, Asheville, NC for Sale
$5,100,000 USD
Department Store - FOR SALE
1/59
null | Request Cap Rate

7 S Tunnel Rd
Asheville, NC 28805
Kenilworth


HIGHLIGHTS

  • Asheville Mall is a prominent shopping destination in the area conveniently located off I-240 on Tunnel Road.
  • Easily accessible from different parts of the city and beyond.
  • Close to attractions like the Biltmore Estate, downtown, Asheville's historic district, and the Blue Ridge Parkway,
  • The mall features major department stores such as Belk and Dillard's, along with over 100 specialty shops.

OVERVIEW

Former department store at Asheville Mall for sale. Asheville Mall is a prominent shopping destination in the area conveniently located off I-240 on Tunnel Road, making it easily accessible from different parts of the city and beyond. Close to several other attractions such as the Biltmore Estate, Downtown Asheville's historic district, and the Blue Ridge Parkway, making it a central destination for shopping and dining. The mall features major department stores such as Belk and Dillard's, along with over 100 specialty shops. Zoning: Urban Place Form Code District as part of the Urban Centers initiative to promote transit-supportive growth and development. Situated in the heart of Asheville's busiest retail corridor, with exposure to over 102,000 vehicles per day and immediate access to I-240 and US-70. The box is adjoined to the Asheville Mall, the largest mall in Western North Carolina. The Mall has been a major retail destination in WNC for the past 50 years, with the closest competing indoor mall being located over 100 miles away. The Mall serves regular foot traffic not only from the Asheville MSA and booming tourist population, but also 15 surrounding counties whose residents visit the area for shopping and healthcare needs. The site is also surrounded by prominent national retailers such as Whole Foods, Target, Best Buy, Lowe’s, and Home Depot.

FOR SALE DETAILS

PRICE

$5,100,000 USD

PRICE/SF

$39 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Former Department Store at Asheville Mall

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Department Store

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

6.24 AC

LAND SF

271,814 SF

ZONING

RB

APN/PARCEL ID

9658-14-3261-00000

ASK ABOUT THIS PROPERTY

Tim BramleySRS Real Estate PartnersMore Info
828-424-1141

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Tim BramleySRS Real Estate PartnersMore Info
828-424-1141

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