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Interstate-Adjacent Retail Shopping Center
For Sale
$8,800,000

15-40 Peaks Center Lane, Asheville, NC 28805

Interstate-adjacent retail shopping center with immediate visibility and high daily traffic counts from and in front of the property.

Days on Market100

Property Features for 15-40 Peaks Center Lane

General Information

Standard status Active

Site & Location

Traffic Count 21,000 vehicles/day
Highway Access Yes
Road Access Yes

Building Details

Year Built 2019
Listing Agency: Whitney Commercial
Listed By: Jason Burk
Source: Evrealestate
Added: Apr 22 Changed: Jul 20 Last Checked: Jul 30 at 4:21AM

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 retail shopping center is positioned adjacent to the Asheville interstate beltway (I-240m), offering immediate access and visibility from the interstate. The property benefits from reported traffic volumes of 55,500 cars per day on the interstate, plus 21,000 cars per day in front of the property.

The trade area is described as the retail hub of Asheville, anchored by Asheville Mall and supported by global and national retailers including Target, Ross, TJ Maxx, Dick’s, Wal-Mart, and Lowe’s. The property is also noted as adjacent to Chick-fil-A and Whole Foods, which contribute to daily trips. Household density in the area is described as strong, and stated as the highest in the region. The property is located in Buncombe County.

Key Highlights

  • Retail shopping center built in 2019
  • Immediate access and visibility from I‑240 (Asheville interstate beltway)
  • Traffic counts: 55,500 cars per day on the interstate and 21,000 per day in front of the property

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Law Firm Real Estate Agency Building Supply Spa & Massage Center HVAC Service 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

21,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

53
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

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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Frequently Asked Questions

What type of property is this?
Shopping center - Interstate-adjacent retail shopping center with immediate visibility and high daily traffic counts from and in front of the property.
Where is this shopping center located?
The property is located at 15-40 Peaks Center Lane Asheville, NC.
What is the asking price?
The asking price for this property is $8,800,000.
What are key features of this property?
This property features: Retail shopping center built in 2019; Immediate access and visibility from I‑240 (Asheville interstate beltway); Traffic counts: 55,500 cars per day on the interstate and 21,000 per day in front of the property
More about this property
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