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    3 Tunnel Rd Asheville, NC 28805

    Sponsored
    For Lease
    Contact for pricing

    Prime Asheville retail space, multiple units available.

    Lot size:
    973,371 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional food court opportunity is located within a bustling Asheville, North Carolina shopping center at 3 S Tunnel Rd, zip code 28805, in Buncombe County. The property boasts a total of 973,371 square feet, offering a variety of spaces to suit diverse culinary concepts. Currently, 15,429 square feet of retail space is available, divisible into units ranging from a minimum of 729 square feet to a maximum contiguous space of 7,000 square feet. This presents a unique chance for both established restaurant brands and exciting new ventures to establish a presence in this high-traffic location. The expansive 46.35-acre site provides ample parking with 4,700 spaces, ensuring convenient access for patrons. The property's strategic location within the vibrant Asheville market guarantees high visibility and significant foot traffic, making it an ideal investment for those seeking a thriving retail environment. The property is classified as Retail and Restaurant, with a Food Court subtype and multiple tenancy. This presents a unique opportunity to be part of a dynamic and successful shopping destination in the heart of Asheville.

    Property Features for 3 Tunnel Rd

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    973,371 SF

    Unit(s) available at that property

    Space
    L-85
    Size
    7,000 SF
    Space
    F-05
    Size
    3,714 SF
    Space
    K-06
    Size
    1,204 SF
    Space
    FC-05
    Size
    729 SF
    Space
    K-18
    Size
    2,782 SF

    HighLights

    • 15,429 SF of divisible retail space available in a 973,371 SF Asheville, NC shopping center (3 S Tunnel Rd, 28805). Units range from 729 SF to 7,000 SF contiguous.
    • High‑traffic location with 4,700 parking spaces on a 46.35‑acre site.
    • Ideal for established or new restaurant concepts in a vibrant Asheville market.
    • Food court opportunity within a multi‑tenant retail center.
    • Strong community focus with regular events and diverse retail and entertainment options.
    Property Profile Location Intelligence

    Current Use by Public Records

    Zumiez Clothing Store Eddie Bauer Clothing Store Lane Bryant Plus Size Clothing Store Hollister Co. Clothing Store Maurices Women'S Clothing Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Asheville
    County
    Buncombe
    State
    North Carolina
    Longitude
    -82.5263627
    Latitude
    35.5810222

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    FAQs

    What type of property is this?
    Restaurant - Prime Asheville retail space, multiple units available.
    Where is this restaurant located?
    The property is located at 3 Tunnel Rd Asheville, NC.
    What are key features of this property?
    This property features: 15,429 SF of divisible retail space available in a 973,371 SF Asheville, NC shopping center (3 S Tunnel Rd, 28805). Units range from 729 SF to 7,000 SF contiguous.; High-traffic location with 4,700 parking spaces on a 46.35-acre site.; Ideal for established or new restaurant concepts in a vibrant Asheville market.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3 Tunnel Rd Asheville, NC 28805
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