Westgate Shopping Center Retail
For Sale
Contact for pricing
Pending
40 Westgate Pkwy, Asheville, NC 28806
111,852 SF retail asset in Asheville, North Carolina.
Property Size111,852 SF
Days on Market193
Property Features for 40 Westgate Pkwy
General Information
Standard status
Pending
Size
111,852 SF
Property subtype
Retail
Occupancy
91%
Investment Type
Stabilized
Building Details
Buildings
2
Listing Agency:
Colliers - Atlanta, Georgia
Listed By:
Scott Israel · License #GA 345088
Source:
Crexi
Added: Feb 9
Changed: Aug 8
Last Checked: Jul 24 at 10:39AM
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 Colliers - Atlanta, Georgia
Investment Insights
Based on property information with market context.
Westgate Shopping Center is a 111,852 SF retail asset located at 40 Westgate Pkwy, Asheville, NC 28806. The shopping center is currently 91% occupied and features a mix of national anchors, daily-needs retailers, destination dining, and local operators. National tenants include Earth Fare, CVS, Great Clips, UPS, and Crumbl Cookies. A license agreement with Tesla contributes to durable cash flow and increases site traffic.
Key Highlights
- 111,852 SF retail asset in a high‑traffic location.
- 91% occupancy rate providing a resilient income stream.
- Strong mix of national anchor tenants including Earth Fare and CVS.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
618
Businesses Nearby
191k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 60%
Shops & Services 15%
Dining 7%
Groceries 7%
Sam's Club
Superstores
115,336 visits/mo
0.3 miles
Sam's Club Gas Station
Shops & Services
25,315 visits/mo
0.3 miles
Earth Fare
Groceries
12,986 visits/mo
0.1 miles
Crumbl Cookies
Dining
8,656 visits/mo
0.1 miles
Crowne Plaza Hotels & Resorts Asheville
Hotels & Casinos
7,942 visits/mo
0.1 miles
Demographics for 28806, NC
44,621
Population
21,185
Households
2.1
Avg Household Size
37
Median Age
45%
College-Educated
91%
High-School Grad
38.1 sq mi
ZIP Area
1,171
Density / Sq Mi
$59,925
Median Household Income
$37,743
Median Earnings
$1,224
Median Rent
$335,800
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Mani Designs Jewelry — 7 River Arts Pl, Asheville, NC 28801
- Warehouse Studios — 170 Lyman St, Asheville, NC 28801
- Regent Park Center — 5 Regent Park Blvd, Asheville, NC 28806
- Coinstar Kiosk | Bitcoin ATM — Ingles Supermarkets, 891 Patton Ave, Asheville, NC 28806
- Coinstar Kiosk Bitcoin Enabled — ingles supermarkets, 891 patton ave, asheville, nc 28806
Frequently Asked Questions
What type of property is this?
Shopping center - 111,852 SF retail asset in Asheville, North Carolina.
Where is this shopping center located?
The property is located at 40 Westgate Pkwy Asheville, NC.
What are key features of this property?
This property features: 111,852 SF retail asset in a high‑traffic location.; 91% occupancy rate providing a resilient income stream.; Strong mix of national anchor tenants including Earth Fare and CVS.
