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Asheville Retail Center on US 70

1269 Tunnel Rd, Asheville, NC 28805

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For Sale

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Fully leased 6,300 SF retail center near I-40.

Type:Office, Retail

Property size:

6,300 SF

Price / SF:

$253/SF

HighLights

100% Occupied Retail Center
Anchored by a National Pizza Brand
High‑Visibility Location on US 70 Corridor with 411 Feet of Frontage
Resilient Income Stream from Diverse Tenant Mix (Medical, Fitness, Retail)
Located Less Than a Mile from I‑40 and Asheville VA Medical Center
Fully Stabilized ±6,300 SF Retail Center

We can help!

Contact an agent

Keoki Kimzin

For Sale

Contact for pricing

Fully leased 6,300 SF retail center near I-40.

Type:Office, Retail

Property size:

6,300 SF

Price / SF:

$253/SF

Added:: Mar 6, 2026
Days on Market:: 113
Last Refresh:: Mar 16 at 3:09 pm

Property Features for 1269 Tunnel Rd

General Information

Standard status: Active
Size: 6,300 SF
Property subtype: Office, Retail

Building Details

Year Built: 2003

We can help!

Contact an agent

Keoki Kimzin

Listing office G/M PROPERTY GROUP LLC

Listing date Mar 6, 2026

Source Crexi

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 G/M PROPERTY GROUP LLC

HighLights

100% Occupied Retail Center
Anchored by a National Pizza Brand
High‑Visibility Location on US 70 Corridor with 411 Feet of Frontage
Resilient Income Stream from Diverse Tenant Mix (Medical, Fitness, Retail)
Located Less Than a Mile from I‑40 and Asheville VA Medical Center
Fully Stabilized ±6,300 SF Retail Center

Overview

Located at 1269 Tunnel Road in Asheville, NC, Legacy Business Park is a fully stabilized retail center with a size of approximately 6,300 square feet. Built in 2003, the property is 100% occupied and anchored by a national pizza brand, along with a diverse mix of five additional established tenants. The property is located on the US 70 corridor and features approximately 411 feet of frontage. It is situated less than a mile from both I-40 and the Asheville VA Medical Center. The tenant base includes medical, fitness, and retail users, providing a resilient income stream.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$159.5k	$25.32
− Vacancy	−$3.7k	−$0.58
EGI	$155.8k	$24.74
− OpEx	−$39.0k	−$6.18
NOI	$116.9k	$18.55

6,300 SF · lease $25.32/SF/yr · vacancy 2.30% · expense 25.00%

Alternative Uses

Best Use

Office B

$1.67M

$1.46M – $1.95M (±1% cap)

NOI $116,885 @ 7.0% cap · market cap 7.31%

Second Best

Healthcare Medical

$1.49M

$1.31M – $1.74M (±1% cap)

NOI $104,587 @ 7.0% cap · market cap 6.54%

Theoretical Best

Office A

$1.99M

$1.74M – $2.32M (±1% cap)

NOI $139,450 @ 7.0% cap · market cap 8.72%

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

Property Profile Location Intelligence

Current Use by Public Records

Domino's Pizza Take-out & Catering Big Meat Butcher Food Processing Plant Octopus Garden Smoke ... (Bike/Boat/Book/etc) Store Mothership Tattoo Co Tattoo & Piercing Shop Bembé Latin Dance ... Training Center

Suggested Use

Similar Places Nearby

Coinstar Kiosk | Bitcoin ATM — Ingles Supermarkets, 1141 Tunnel Rd, Asheville, NC 28805

Location Insight

Map
Local Demand

City: Asheville
County: Buncombe
State: North Carolina
Longitude: -82.474632
Latitude: 35.585635

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For sale
Shopping centers
NC
Asheville
28805
1269 Tunnel Rd

What type of property is this?

Shopping center - Fully leased 6,300 SF retail center near I-40.

Where is this shopping center located?

The property is located at 1269 Tunnel Rd Asheville, NC.

What is the asking price?

The asking price for this property is $1,600,000.

What are key features of this property?

This property features: 100% Occupied Retail Center; Anchored by a National Pizza Brand; **High‑Visibility Location on US 70 Corridor with 411 Feet of Frontage**