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Property profile & analytics
OFF-MARKET Estimated value $1,855,000
Turn key restaurants

271 Tunl Rd Asheville, NC 28805-1832

15,972 SF 1.16 ac lot Built 1961
Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US53-0440137
Property summary
AI-generated overview

This exceptional 13,818 square foot commercial property, situated on a 1.16-acre lot at 271 Tunnel Road in Asheville, North Carolina, presents a compelling investment opportunity. Currently 100% leased, this retail/strip center boasts a strong tenant mix generating significant daily traffic. Its prime location near major retailers ensures high visibility and accessibility within Asheville's most desirable trade area. The property is zoned Urban Place, offering versatility and potential for future growth. The asking price is $2,900,000. This stabilized investment provides a consistent income stream and benefits from its position in a thriving market. The building's excellent condition and strong tenant occupancy make this a low-risk, high-reward opportunity for discerning investors seeking a foothold in Asheville's robust commercial real estate sector. The property's strategic location and proven performance history make it an attractive addition to any portfolio. This is a rare chance to acquire a fully leased, high-performing asset in a dynamic and growing city. The property's strong cash flow and potential for appreciation make it an ideal investment for long-term growth. Don't miss this chance to own a piece of Asheville's thriving retail landscape.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1961
Construction BRICK
Total area 15,972 SF
Lot 1.16 ac (50,530 SF)
Zoning code DEED DATE:08/08/2022 DEED
APN 9658-16-2243-00000
UPID US53-0440137
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Jerry Sternberg Co Business Management Consultant
  • Majestic Nails & Day Spa Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.86M
Owner & transaction history
Tunnel Road Holdings LLC · 3 yrs held
Tunnel Road Holdings LLC
since 2022
Last sale
$2.0M
1 recorded transaction
2022
$2.0M
Zoning & alternative use
DEED DATE:08/08/2022 DEED · Asheville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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