Investment Opportunity on WNC's Busiest Retail Corridor

For Sale

242-244 Tunnel Road, Asheville, NC 28805

This Asheville property for sale is located at 242-244 Tunnel Road. The current listed sale price for Investment Opportunity on WNC's Busiest Retail Corridor is $4,930,000. Investment Opportunity on WNC's Busiest Retail Corridor is situated on a lot that is 1.71 acre in size.

Contacts

broker
Wes Reinhardt

Dewey Property Advisors

Property Details

  • Property Type Retail - Street Retail
  • Property Size 15,931 SF
  • Units 2
  • Lot Size 1.71 Acre
  • Additional Rent Contact for pricing
  • Property Tenancy Multi-Tenant
  • Year Built 1994
  • Date Updated Aug 22, 2024
Located on Tunnel Road, the busiest retail corridor in Western North Carolina.NNN Investment-Grade opportunity in Asheville, NC. Verizon Wireless and Pet Supermarket are co-tenants and occupy 100% of this 15,931 SF building on 1.71 acres. Located in the dense retail Tunnel Road corridor, this property has great demos, exceptional access and ample parking. Pet Supermarket has been a tenant since 2004. Verizon Wireless has been a tenant since 2005. This property offers stable income from two national brand tenants with a long operating history at the location. Given the current rental rates and remaining term, this offering also represents a value add opportunity for buyer.
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Highlights

  • NNN Investment Opportunity
  • Stable Income Stream from National Tenants
  • Under Market Rents
  • Strong Tunnel Road Location - Busiest Retail Corridor in Asheville
  • Seated on Fully Signalized Hard Corner
  • Excellent Local Demographics

Getting around

  • 59/100

    Walk Score ®

  • 37/100

    Transit Score ®

  • 38/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Asheville, NC
  • Neighborhood Kenilworth
  • Zip Code 28805
  • Market Asheville

Points of Interest

  • Shell

    0.25 miles

  • Gas Express

    0.81 miles

  • Enmark

    1.25 miles

  • Citgo

    1.34 miles

  • Greenlots

    1.44 miles

  • Exxon

    2.04 miles

  • Ingles Gas Express

    2.24 miles

  • Tesla Supercharger

    5.73 miles

  • EVgo

    7.23 miles

  • Tesla Destination Charger

    7.25 miles

  • Haw Creek Park Parking lot

    1.34 miles

  • Biltmore Avenue Parking Garage

    1.41 miles

  • Ironwood Parking Garage

    1.58 miles

  • Sears Alley Public Parking Deck

    1.61 miles

  • Rankin Avenue Garage

    1.62 miles

  • Civic Center Garage

    1.67 miles

  • Wall Street Garage

    1.72 miles

  • Simpson Parking

    1.89 miles

  • Tempie Avery Montford Community Center Parking

    2.31 miles

  • Shuttle Lot E

    2.80 miles

  • IHOP

    0.05 miles

  • Cook Out

    0.07 miles

  • Chili's

    0.08 miles

  • Carrabba's Italian Grill

    0.13 miles

  • Panera Bread

    0.17 miles

  • Waffle House

    0.18 miles

  • Wingstop

    0.21 miles

  • Firehouse Subs

    0.23 miles

  • Blaze Pizza

    0.23 miles

  • Chick-fil-A

    0.24 miles

  • Dillard's

    0.29 miles

  • Whole Foods Market

    0.35 miles

  • Belk

    0.39 miles

  • Asheville Mall

    0.40 miles

  • TJ Maxx

    0.44 miles

  • JCPenney

    0.49 miles

  • Ross

    0.57 miles

  • Big Lots

    0.65 miles

  • Innsbruck Mall

    0.70 miles

  • Ingles

    0.78 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Wes Reinhardt

Dewey Property Advisors