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    271 Tunnel Rd Asheville, NC 28805

    For Sale
    $2,900,000

    High-Yield, 100% Leased Property

    Property size:
    13,818 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    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 Features for 271 Tunnel Rd

    General Information

    Property type
    Other commercial real estate
    Square Feet
    13,818 SF
    Lot Size
    50,530 SF

    Building Details

    Year Built
    1961
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Jerry Sternberg Co Business Management Consultant Majestic Nails & Day ... Nail Salon

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Asheville
    County
    Buncombe
    State
    North Carolina
    Longitude
    -82.52804
    Latitude
    35.58424

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    FAQs

    What type of property is this?
    Commercial real estate - High-Yield, 100% Leased Property
    Where is this commercial real estate located?
    The property is located at 271 Tunnel Rd Asheville, NC.
    What is the asking price?
    The asking price for this property is $2,900,000.
    (828) 665-9085
    Request Owner's contact information
    271 Tunnel Rd Asheville, NC 28805
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    Asheville, NC 28805
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    271 Tunnel Rd Asheville, NC 28805
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