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90 S Tunnel Rd

Floor

Bldg

Size

8,989 SF

Type

RETAIL

Rate

Contact for pricing

Availability

PENDING, Now

Sublease

No

Signalized corner location available for Ground Lease or lease of existing space.... This location is across the street from Lowe’s and Walgreen’s and right in the center of a retail trade area with Global retailers like Walmart, Target, Dick’s and Ross. Excellent visibility and access from Swannanoa River Road and S. Tunnel Rd. This is the largest retail trade area west of Charlotte! The property was damaged from hurricane Helene, the existing building shell of the former strip center of approximately 8989 SF can be used and is structurally sound (owner has report). Price TBD. Highlights: • SIGNALIZED CORNER • 3,000-8,989 SF SHELL BUILDING • .701 ACRES • 530 FEET OF FRONTAGE • NEAR ASHEVILLE MALL, WALMART, TARGET, AND DICK’S

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Listing Agency: Whitney Commercial Show Phone

Listed By: Jason Burk, CCIM Show Phone

Source: Moodyscre

Added: Apr 24, 2025 Changed: Sep 8 Last Checked: Sep 13 at 11:01AM

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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 Whitney Commercial

Investment Insights

Based on property information with market context.

This property presents a signalized corner retail location with a structurally sound building shell from a former strip center. The existing shell is approximately 8,989 SF, and the owner states the structure is sound based on an available report, following damage from Hurricane Helene. The site is also available for a ground lease or for leasing the existing space.

The site provides excellent visibility and access from Swannanoa River Road and S. Tunnel Rd. It sits across the street from Lowe’s and Walgreens and is positioned in a retail trade area with nearby national retailers including Walmart, Target, Dick’s, and Ross.

The property is offered on approximately 0.701 acres with about 530 feet of frontage, supporting a range of retail development or leasing configurations consistent with an active corner retail setting.

Key Highlights

• Signalized corner location for ground lease or lease of existing space
• Approximately 8,989 SF structurally sound building shell (former strip center) available
• 3,000–8,989 SF shell building space available

Property Analytics

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Current Use

Dental for Life Dental Office Ole's Guacamoles Restaurant Asheville Beds Furniture & Home Goods

Suggested Use

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

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

Location Intelligence

Trade Area within ½ mile

750

Businesses Nearby

529k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Apparel 31% Shops & Services 24% Superstores 18% Dining 13%

Target Superstores

96,328 visits/mo 0.4 miles

Five Below Shops & Services

46,252 visits/mo 0.2 miles

Chick-fil-A Dining

41,655 visits/mo 0.4 miles

Belk Apparel

38,941 visits/mo 0.3 miles

Ross Dress for Less Apparel

38,095 visits/mo 0.1 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

Questions? Ask Rey

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What type of property is this? Where is this strip malls located? What is the lease rate? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Strip mall - Signalized corner site offers a structurally sound shell building for ground lease or space lease with substantial frontage.

Where is this strip mall located?

The property is located at 90 S Tunnel Rd Asheville, NC.

What are key features of this property?

This property features: Signalized corner location for ground lease or lease of existing space; Approximately 8,989 SF structurally sound building shell (former strip center) available; 3,000–8,989 SF shell building space available