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Tunnel Road Retail Suite
For Lease
$25 SF/Yr

168 Tunnel Road, Asheville, NC 28805

Street-facing commercial suite in a busy retail corridor with shared parking and signage opportunities.

Space Size1,460 SF
Days on Market12

Property Features for 168 Tunnel Road

General Information

Standard status Active
Size 1,460 SF
Net Rentable 1,460 SF
Property subtype Retail
Lease Term NNN

Space & Availability

Available Space 1,460 SF
Contiguous Space 1,460 SF
Available From Immediate

Additional Details

Highway Access Yes

Building Details

Building Size 1,460 SF
Tenancy Multi

Spaces For Lease

at 168 Tunnel Road Contact us

Unit 20 $25/SF/Yr

Size
1,460 SF
Type
Strip Center
Term
Negotiable
Contact us
Listing Agency: The Real Estate Center
Listed By: Jay Lurie · License #NC #192865
Source: Deweypa
Added: Aug 19 Changed: Aug 30 Last Checked: Aug 30 at 3:10AM

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 The Real Estate Center

Investment Insights

Based on property information with market context.

Unit 20 at 168 Tunnel Road provides approximately 1,460 square feet within a strip center along a major Asheville commercial corridor. The suite is currently occupied and has a practical layout suited to retail, office, medical, salon, wellness, or specialty service uses. Storefront exposure and available signage opportunities support customer-facing operations.

The property offers convenient access to downtown Asheville, I-240, and nearby residential communities. Surrounding retail, restaurant, hotel, and service businesses—including Wingstop and Firehouse Subs—contribute to established consumer activity. Shared parking is available for the center.

Key Highlights

  • Approximately 1,460 square feet in Unit 20 at 168 Tunnel Road
  • Strip‑center suite with storefront exposure and signage opportunities
  • Shared parking available for customers and staff

Property Analytics

Current Use

Firehouse Subs Tunnel ... Take-out & Catering Octopus Garden Smoke ... (Bike/Boat/Book/etc) Store Kltr Kickz Clothing & Fashion Store OG Vapors (Bike/Boat/Book/etc) Store Wingstop Restaurant

Suggested Use

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

Multi-tenant
Tenancy
Yes
Highway access
NNN (Triple Net)
Lease Type
$3.75 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

743
Businesses Nearby
483k
Monthly Visits Nearby

Foot Traffic Nearby

Apparel 34% Dining 27% Shops & Services 23% Electronics 7%
Five Below Shops & Services
46,252 visits/mo 0.1 miles
Chick-fil-A Dining
41,655 visits/mo 0.3 miles
Belk Apparel
38,941 visits/mo 0.3 miles
Ross Dress for Less Apparel
38,095 visits/mo 0.1 miles
Best Buy Electronics
31,798 visits/mo 0.2 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

Lease Benchmarks for Asheville, NC

$25.82 /SF/Yr
Avg Asking Price
$18–$38 /SF/Yr
Price Range
7,619 SF
Avg Space Size

This space is priced 3% below the average of $25.82 /SF/Yr.

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Street-facing commercial suite in a busy retail corridor with shared parking and signage opportunities.
Where is this retail space located?
The property is located at 168 Tunnel Road Asheville, NC.
What is the lease rate?
The lease rate is $25 SF/Yr.
What are key features of this property?
This property features: Approximately 1,460 square feet in Unit 20 at 168 Tunnel Road; Strip‑center suite with storefront exposure and signage opportunities; Shared parking available for customers and staff
More about this property
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