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Retail Suite with Storefront Visibility
For Lease
$3,042/Mo

168 Tunnel Road #20, Asheville, NC 28805

For-lease suite in a busy commercial corridor with shared parking, signage opportunities, and access to nearby retailers and services.

Space Size1,460 SF
Days on Market13

Property Features for 168 Tunnel Road #20

General Information

Standard status Active
Size 1,460 SF
Net Rentable 1,460 SF
Zoning HB

Space & Availability

Available Space 1,460 SF
Contiguous Space 1,460 SF

Additional Details

Highway Access Yes

Amenities

shared parking
storefront visibility
signage opportunities

Building Details

Year Built 2016
Tenancy Multi
Listing Agency: Dewey Property Advisors
Listed By: Jay Lurie · License ##192865
Source: Techrealtyllc
Added: Aug 17 Changed: Aug 28 Last Checked: Aug 29 at 10:21AM

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 Dewey Property Advisors

Investment Insights

Based on property information with market context.

This retail suite contains approximately 1,460 square feet within a strip center completed in 2016. The space offers a storefront-facing configuration with signage opportunities and shared parking for customers and employees. Its flexible commercial format can accommodate retail, office, medical, salon, wellness, or specialty service operations.

The property is positioned along Tunnel Road in Asheville, with access to I-240, downtown Asheville, and nearby residential areas. Surrounding commercial activity includes national and regional retailers, restaurants, hotels, and service providers, with Wingstop and Firehouse Subs identified nearby. The corridor provides exposure to ongoing vehicle and consumer activity.

Key Highlights

  • Approximately 1,460 square feet of retail space
  • Located in a strip center built in 2016
  • Shared parking serves the property

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
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail space - For-lease suite in a busy commercial corridor with shared parking, signage opportunities, and access to nearby retailers and services.
Where is this retail space located?
The property is located at 168 Tunnel Road #20 Asheville, NC.
What is the lease rate?
The lease rate is $3,042/Mo.
What are key features of this property?
This property features: Approximately 1,460 square feet of retail space; Located in a strip center built in 2016; Shared parking serves the property
More about this property
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