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Flex Space with Warehouse Functionality
For Sale
$267,913

1380 Tunnel Road, Asheville, NC 28805

Combined retail and warehouse improvements support users needing customer-facing space alongside distribution or operational capacity.

Property Size1,980 SF
Price / SF$24.36
Days on Market92

Property Features for 1380 Tunnel Road

General Information

Standard status Active
Size 1,980 SF
Property subtype Retail

Warehouse & Industrial

Warehouse Space 10,000 SF
Three-Phase Power Yes

Additional Details

Highway Access Yes

Amenities

Additional parcels description:, Parcel Number: 966895260700000, Assessed Value: $810,600, Zoning: HB
Listing ID: CAR4404330, Standard Status: Active, MLS Status: Active, Property Subtype: Retail
38 total parking spaces
Built in 1980, Living area: 10996, 2 buildings
County/Parish: Buncombe
All Utilities
Road Responsibility: Publicly Maintained Road, Private Maintained Road, Road Surface: Paved

Building Details

Building Size 1,980 SF
Year Built 1980
Buildings 2
Listing Agency: G/M Property Group
Listed By: John Menkes · License #194446
Source: Blackstreaminternational
Added: Jul 15 Changed: Oct 13 Last Checked: Oct 12 at 7:51PM

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

Investment Insights

Based on property information with market context.

This flex property combines approximately 21,433 SF of retail and warehouse improvements in a single facility. The configuration includes an approximately 11,000 SF retail area and an approximately 10,000 SF warehouse, creating a mix of customer-facing and operational space. Dock doors, drive-in bays, and 3-phase power support warehouse and commercial functions. Ductwork is already in place for potential climate control improvements within both buildings.

The property is located on Tunnel Road in Asheville, approximately 1/2 mile from I-40. The buildings are offered together and cannot be leased separately, making the site a fit for one user requiring both retail and warehouse components. The improvements were constructed in 1980 and were formerly occupied by Go Grocery.

Key Highlights

  • Approximately 21,433 SF combining retail and warehouse space
  • Approximately 11,000 SF retail area paired with an approximately 10,000 SF warehouse
  • Dock doors and drive‑in bays support loading and distribution functions

Property Analytics

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Current Use

United Grocery Outlet Specialty Food Shop

Suggested Use

Top Pick Real Estate Agency Building Supply Spa & Massage Center Pharmacy Furniture & Home Goods (Bike/Boat/Book/etc) 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

Yes
Highway access

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

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
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Frequently Asked Questions

What type of property is this?
Flex space - Combined retail and warehouse improvements support users needing customer-facing space alongside distribution or operational capacity.
Where is this flex space located?
The property is located at 1380 Tunnel Road Asheville, NC.
What is the asking price?
The asking price for this property is $267,913.
What are key features of this property?
This property features: Approximately 21,433 SF combining retail and warehouse space; Approximately 11,000 SF retail area paired with an approximately 10,000 SF warehouse; Dock doors and drive‑in bays support loading and distribution functions
More about this property
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