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    271 Tunnel Rd Asheville, NC 28805

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    For Sale
    $2,550,000

    Fully leased retail center with high visibility and ample parking.

    Property size:
    13,818 SF
    Lot size:
    1.16 Acres

    Property Features for 271 Tunnel Rd

    General Information

    Size
    13,818 SF
    Lot size
    1.16 Acres

    Source: Whitney Commercial Agent Jason Burk, CCIM

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Center in Asheville Area

    This retail property presents an investment opportunity in the Asheville area. Zoned Urban Place, the building is 100% leased and offers visibility. The property is located in the Asheville market's local and regional trade area. The center generates daily trips due to its tenant mix and zoning. The property has ample parking and sees approximately 35,000 cars per day. The location benefits from a high daytime population and the highest density of rooftops in Metro Asheville. The property size is 13,818 square feet.
    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
    -82.52653
    Latitude
    35.58469

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    FAQs

    What type of property is this?
    Strip mall - Fully leased retail center with high visibility and ample parking.
    Where is this strip mall located?
    The property is located at 271 Tunnel Rd Asheville, NC.
    What is the asking price?
    The asking price for this property is $2,550,000.
    What are key features of this property?
    This property features: - 100% Leased: Provides immediate and stabilized income.; - Excellent Visibility: Attracts customers and enhances tenant success.; - High Traffic Volume (35,000 Cars/Day): Ensures consistent exposure and customer flow.
    (828) 674-2120
    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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