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High-Traffic Retail Center on Tunnel Road
For Lease
$30 SF/Yr

4 S Tunnel Road, Asheville, NC 28805

Retail center on Tunnel Road, the #1 retail corridor.

Space Size1,295 SF - 6,375 SF
Property Size130,000 SF
Days on Market163

Property Features for 4 S Tunnel Road

General Information

Standard status Active
Size 1,295 SF - 6,375 SF
Property subtype Retail
Lease Term NNN

Building Details

Building Size 130,000 SF

Spaces For Lease

at 4 S Tunnel Road Contact us

Suite 410 $30/SF/Yr

Size
6,375 SF
Type
Neighborhood Center
Term
Negotiable
Contact us

Suite 500 $32/SF/Yr

Size
1,295 SF
Type
Retail
Term
Negotiable
Contact us

Suite 600 $30/SF/Yr

Size
3,000 SF
Type
Restaurant
Term
Negotiable
Contact us

Suite 700 $32/SF/Yr

Size
1,811 SF
Type
Neighborhood Center
Term
Negotiable
Contact us
Listed By: Tim Bramley, CCIM, SIOR · License #NC #271946
Source: Deweypa
Added: Mar 27 Changed: Sep 4 Last Checked: Sep 4 at 4:45AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Tim Bramley, CCIM, SIOR

Investment Insights

Based on property information with market context.

Asheville Market is a 130,000 square foot retail center. The multi-tenant center is centrally located on Tunnel Road, identified as the #1 retail corridor in Western North Carolina. The property benefits from two points of ingress and egress on Tunnel Road, with the main entrance being signalized. The location provides visibility along Tunnel Road and I-240. Anchor retailers and traffic from the Asheville Mall contribute to the center's draw. Current tenants include Whole Foods, DSW, Guitar Center, Nadeau, Trek Bikes, Arhaus, and Hollywood Feed.

Key Highlights

  • Located on Tunnel Road, the #1 retail corridor in Western North Carolina.
  • High‑traffic retail center boasting 130,000 SF of retail space.
  • Strong anchor retailers including Whole Foods, DSW, and Guitar Center.

Property Analytics

Current Use

Hollywood Feed (Bike/Boat/Book/etc) Store Mountain Running Company ... Clothing & Fashion Store 10th Muse Too Grocery & Convenience Store Tesla Supercharger Electric Vehicle Charging Station Arhaus Furniture & Home Goods

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Building Supply Big Box & Wholesale Store Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$4.50 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

688
Businesses Nearby
499k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Dining 31% Apparel 28% Shops & Services 24% Electronics 7%
Five Below Shops & Services
46,252 visits/mo 0.2 miles
Chick-fil-A Dining
41,655 visits/mo 0.1 miles
Belk Apparel
38,941 visits/mo 0.3 miles
Ross Dress for Less Apparel
38,095 visits/mo 0.3 miles
Best Buy Electronics
31,798 visits/mo 0.3 miles

Demographics for 28805, NC

18,554
Population
10,737
Households
1.7
Avg Household Size
48
Median Age
49%
College-Educated
96%
High-School Grad
26.5 sq mi
ZIP Area
700
Density / Sq Mi
$67,104
Median Household Income
$35,897
Median Earnings
$1,198
Median Rent
$360,600
Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
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Similar Off Market Nearby

  • River Hills Shopping Center 280 Swannanoa River Rd, Asheville, NC 28805
  • Luxe charms 3 S Tunnel Rd, Asheville, NC 28805, United States
  • Sunglass Hut 3 S Tunnel Rd Ste 215, Asheville, NC 28805
  • Asheville Mall 3 S Tunnel Rd, Asheville, NC 28805
  • Stingray Tags 3 S Tunnel Rd, Asheville, NC 28805

Frequently Asked Questions

What type of property is this?
Shopping center - Retail center on Tunnel Road, the #1 retail corridor.
Where is this shopping center located?
The property is located at 4 S Tunnel Road Asheville, NC.
What is the lease rate?
The lease rate is $30 SF/Yr.
What are key features of this property?
This property features: Located on Tunnel Road, the #1 retail corridor in Western North Carolina.; High‑traffic retail center boasting 130,000 SF of retail space.; Strong anchor retailers including Whole Foods, DSW, and Guitar Center.
More about this property
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