1480 Tunl Rd Asheville, NC 28805-2802
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
DEED DATE:05/05/2009 DEED · Asheville, NCNo recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.