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1297 Tunnel Rd
Asheville, NC 28805
Retail Property For Sale


Investment Highlights
- High traffic, high visibility location.
- 65,000 VPD on I-40 at the Exit.
- 22,000 VPD on Tunnel Road.
- Abundant Parking.
Executive Summary
Prime retail property opportunity available for sale or lease at 1297 Tunnel Road in East Asheville, offering excellent visibility and direct frontage along one of the area’s busiest commercial corridors. This highly accessible site provides strong daily traffic counts and convenient connectivity to both Interstate 240 and Interstate 40, placing it just minutes from Downtown Asheville. Positioned within Asheville’s primary retail trade area near Asheville Mall, the site benefits from strong co-tenancy with national retailers, restaurants, and surrounding residential density. Ideal for a bank, quick-service restaurant, medical, retail, or service-oriented user, this pad offers a rare opportunity to establish a presence along the high-traffic Tunnel Road corridor.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,404 SF
Building Class
B
Year Built
1985
Price
$750,000
Price Per SF
$220.33
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.73 AC
Zoning
HB - Highway Business
Parking
40 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
47’ on Tunnel Rd
Amenities
- Drive Thru
Property Taxes
| Parcel Number | 9668-85-0518-00000 | Improvements Assessment | $234,800 |
| Land Assessment | $445,200 | Total Assessment | $680,000 |
Property Taxes
Parcel Number
9668-85-0518-00000
Land Assessment
$445,200
Improvements Assessment
$234,800
Total Assessment
$680,000
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