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Property profile & analytics
OFF-MARKET
Commercial land

1480 Tunl Rd Asheville, NC 28805-2802

0.6 ac lot
Entity Owned Absentee Owner Free & Clear
Property ID
US53-2335005
Property summary
AI-generated overview

This exceptional .72-acre parcel in Asheville, NC, presents a prime opportunity for ground lease or build-to-suit development. Located on Tunnel Road, this flat, highly visible site boasts excellent accessibility and is zoned Highway Business, allowing for diverse uses including drive-thru restaurants, retail, offices, or a combination thereof. Its strategic location on US-70, near I-40 exit 55, ensures high traffic volume and easy access for customers. The property is situated within the thriving Asheville MSA commercial area and benefits from readily available utility infrastructure, including electricity, gas, and water. This is an ideal location for businesses seeking high visibility and convenient access in a dynamic market. The single-tenant property offers significant potential for a variety of commercial ventures, making it a compelling investment opportunity in a rapidly growing area. The Buncombe County location and proximity to major transportation arteries further enhance its appeal. This property is ready for immediate development, offering a unique chance to establish a strong presence in a desirable Asheville commercial corridor. The site's flat terrain simplifies construction, minimizing potential development challenges. This is a rare opportunity to secure a well-positioned commercial property in a high-demand area.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.6 ac (26,136 SF)
Zoning code DEED DATE:05/05/2009 DEED
APN 9678-05-9793-00000
UPID US53-2335005
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
COMMODORE HOLDINGS LLC
COMMODORE HOLDINGS LLC
Zoning & alternative use
DEED DATE:05/05/2009 DEED · Asheville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source Chapter 7 DEVELOPMENT
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