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Former Department Store at Asheville Mall 7 S Tunnel Rd 130,000 SF Retail Building Asheville, NC 28805 $5,100,000 ($39.23/SF)
INVESTMENT HIGHLIGHTS
- Asheville Mall is a prominent shopping destination in the area conveniently located off I-240 on Tunnel Road.
- Close to attractions like the Biltmore Estate, downtown, Asheville's historic district, and the Blue Ridge Parkway,
- Easily accessible from different parts of the city and beyond.
- The mall features major department stores such as Belk and Dillard's, along with over 100 specialty shops.
EXECUTIVE SUMMARY
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.
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.
PROPERTY FACTS Under Contract
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
130,000 SF
Building Class
B
Year Built
1989
Price
$5,100,000
Price Per SF
$39.23
Tenancy
Single
Building Height
2 Stories
Building FAR
0.48
Lot Size
6.24 AC
Zoning
RB - Urban Place Form Code District as part of the Urban Centers initiative to promote transit-supportive growth and development
AMENITIES
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 9658-14-3261-00000 | Improvements Assessment | $1,437,600 |
| Land Assessment | $2,174,500 | Total Assessment | $3,612,100 |
PROPERTY TAXES
Parcel Number
9658-14-3261-00000
Land Assessment
$2,174,500
Improvements Assessment
$1,437,600
Total Assessment
$3,612,100
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Former Department Store at Asheville Mall | 7 S Tunnel Rd
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