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    1480 Tunnel Rd Asheville, NC 28805

    Sponsored
    For Sale
    $795,000

    .72-Acre Commercial Lot, High Visibility

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 0.72-acre commercial lot in Asheville, North Carolina, presents a prime development opportunity. Located on Tunnel Road (US 70), near I-40 exit 55, this graded, level site boasts exceptional visibility and accessibility, with a daily traffic count exceeding 18,000 vehicles. The Highway Business zoning allows for diverse development options, including drive-thru restaurants, retail, offices, or mixed-use projects. Utilities are readily available. Its strategic location within a thriving commercial area, close to established businesses like Zaxby's, Bojangles, and Arby's, and less than a mile from the Blue Ridge Parkway, ensures high traffic and customer exposure. This property is ideal for ground lease or build-to-suit projects, offering significant potential for investors and businesses seeking a prominent Asheville location. The asking price is $795,000. The property is situated in Buncombe County, NC, zip code 28805.

    Property Features for 1480 Tunnel Rd

    General Information

    Property type
    Land
    Lot Size
    31,363 SF

    HighLights

    • 0.72‑acre parcel.
    • Level, build‑ready lot.
    • Excellent location in a thriving hotel district.
    • Less than one mile to the Blue Ridge Parkway.
    • 18,000 cars per day traffic count.
    • Proximity to Zaxby's, Bojangles, and Arby's.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Gym & Fitness Pharmacy Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Asheville
    County
    Buncombe
    State
    North Carolina
    Longitude
    -82.461629
    Latitude
    35.584879

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    FAQs

    What type of property is this?
    Land - .72-Acre Commercial Lot, High Visibility
    Where is this land located?
    The property is located at 1480 Tunnel Rd Asheville, NC.
    What is the asking price?
    The asking price for this property is $795,000.
    What are key features of this property?
    This property features: 0.72-acre parcel.; Level, build-ready lot.; Excellent location in a thriving hotel district.
    Request Owner's contact information
    1480 Tunnel Rd Asheville, NC 28805
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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
    1480 Tunnel Rd Asheville, NC 28805
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