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 situated in a high-visibility commercial corridor just east of downtown Asheville. The property is located within a densely developed retail district characterized by a mix of regional shopping centers, national hotel chains, and established restaurant franchises. It offers direct access to Interstate 240 and is positioned along a primary municipal transit route, ensuring high daily traffic counts and ease of navigation for commuters and visitors. Nearby amenities include the Asheville Mall and various professional services. The site is suited for retail operators seeking proximity to both the residential population of East Asheville and the city’s primary hospitality hub. Ideal tenants include boutique retailers, specialty service providers, or quick-service food outlets that benefit from consistent drive-by exposure and regional accessibility.

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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