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Retail Warehouse Flex Facility
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1380 Tunnel Rd, Asheville, NC 28805

Flex retail/warehouse facility with dock doors, drive-in bays, and 3-phase power for mixed distribution and retail needs.

Space Size21,433 SF
Days on Market54

Property Features for 1380 Tunnel Rd

General Information

Standard status Active
Size 21,433 SF
Property subtype RETAIL
Lease Type NNN

Additional Details

Highway Access Yes
Heavy Power Yes

Spaces For Lease

at 1380 Tunnel Rd Contact us

1380 Tunnel $12.50/SF/Yr

Floor
1
Size
21,433 SF
Type
RETAIL
Lease Type
NNN
Availability
AVAILABLE, Now
Sublease
No
Exceptional 21,433 SF retail and warehouse opportunity on Tunnel Road, only ½ mile...
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Listing Agency: G/M Property Group LLC
Listed By: John R. Menkes · License #194446
Source: Moodyscre
Added: Jul 13 Changed: Sep 3 Last Checked: Sep 4 at 10:11AM

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

Investment Insights

Based on property information with market context.

This facility offers a combined retail and warehouse layout, including an approximately 11,000 SF retail box formerly occupied by a grocery user alongside an approximately 10,000 SF warehouse component. The property is equipped with dock doors, drive-in bays, and 3-phase power, supporting operations that require both customer-facing space and loading capability.

The property is located on Tunnel Road, about 1½ mile from I-40. The space is described as suitable for grocery, automotive, wholesale, distribution, trade suppliers, and retail users needing both visibility and warehouse functionality.

Key Highlights

  • 21,433 SF flex retail and warehouse facility on Tunnel Road
  • Includes an ~11,000 SF retail box formerly occupied by a grocery user
  • Includes a ~10,000 SF warehouse component

Property Analytics

Current Use

United Grocery Outlet Specialty Food Shop

Suggested Use

Top Pick Real Estate Agency Building Supply Spa & Massage Center Auto Repair Shop Restaurant Pharmacy

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

Yes
Heavy power
Yes
Highway access
NNN (Triple Net)
Lease Type
$1.88 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

139
Businesses Nearby
Balanced
Demand for This Use

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

Lease Benchmarks for Asheville, NC

$19.58 /SF/Yr
Avg Asking Price
$17.77–$22 /SF/Yr
Price Range
6,631 SF
Avg Space Size

This space is priced 36% below the average of $19.58 /SF/Yr.

Vacancy Rate% for Industrial in South region

6% 2019
6.5% 2020
4% 2021
3.5% 2022
6% 2023
7.6% 2024
7.9% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Flex space - Flex retail/warehouse facility with dock doors, drive-in bays, and 3-phase power for mixed distribution and retail needs.
Where is this flex space located?
The property is located at 1380 Tunnel Rd Asheville, NC.
What is the lease rate?
The lease rate is $12.50 SF/Yr.
What are key features of this property?
This property features: 21,433 SF flex retail and warehouse facility on Tunnel Road; Includes an ~11,000 SF retail box formerly occupied by a grocery user; Includes a ~10,000 SF warehouse component
(828) 606-9658 Call to check price and availability
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