Investment Opportunity on WNC's Busiest Retail Corridor

242-244 Tunnel Road, Asheville, NC 28805

  • For Sale $4,930,000
  • 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

Contacts

broker
Wes Reinhardt

Dewey Property Advisors

Location

Getting Around

  • Walk Score ®

    59/100 Somewhat Walkable

  • Transit Score ®

    37/100 Some Transit

  • Bike Score ®

    38/100 Somewhat Bikeable
Powered by Walk Score ®
  • 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

Frequently Asked Questions

How much does Investment Opportunity on WNC's Busiest Retail Corridor cost?

The space currently listed for sale at Investment Opportunity on WNC's Busiest Retail Corridor asks for $4,930,000.

What is the total square footage of Investment Opportunity on WNC's Busiest Retail Corridor?

Investment Opportunity on WNC's Busiest Retail Corridor totals 15,931 square feet.

When was this property built?

Investment Opportunity on WNC's Busiest Retail Corridor was built in 1994.

Looking for more in-depth information on this property?

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Contact Listing Broker
broker
Wes Reinhardt

Dewey Property Advisors