148 TUNNEL RD

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148 TUNNEL RD

Ashevil, NC 28805-1818
Asking Price
$3.39M
Asset Type
Retail
Class
Class B

What's Special

148 Tunnel Road is located within Asheville’s primary commercial corridor, situated just east of the downtown core. The surrounding neighborhood is characterized by a high density of established shopping centers, national hospitality chains, and diverse dining options. The property benefits from immediate proximity to the Asheville Mall and several major medical offices. For transportation, the site offers direct access to U.S. Routes 70 and 74, with convenient connections to Interstates 240 and 40. High daily traffic counts and multiple nearby transit stops provide consistent visibility and accessibility for commuters and local residents alike. Due to its placement in a high-traffic retail hub, this asset is well-suited for a variety of general commercial applications. Ideal use cases include traditional showrooms, specialty boutiques, or consumer service centers. The location’s demographics and accessibility support tenants such as regional retailers, franchised health and wellness practitioners, or professional service firms seeking a central footprint. The property caters to businesses that prioritize brand exposure and a predictable flow of consumer activity within one of Asheville’s most active trade areas.

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NOI
$80,000
Cap Rate
2.36%
DSCR
0.40
Underwater
Cash-on-Cash
-11.92%
Monthly Payment
$16,761.975
Annual Cash Flow
$-121,143.705

Location & Travel Times