Share This Listing

Message

964 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the broker for more information about this property

Investment Highlights

  • High traffic, high visibility location.
  • 65,000 VPD on I-40 at the Exit.
  • 22,000 VPD on Tunnel Road.
  • Abundant Parking.

Executive Summary

Prime retail property opportunity available for sale or lease at 1297 Tunnel Road in East Asheville, offering excellent visibility and direct frontage along one of the area’s busiest commercial corridors. This highly accessible site provides strong daily traffic counts and convenient connectivity to both Interstate 240 and Interstate 40, placing it just minutes from Downtown Asheville. Positioned within Asheville’s primary retail trade area near Asheville Mall, the site benefits from strong co-tenancy with national retailers, restaurants, and surrounding residential density. Ideal for a bank, quick-service restaurant, medical, retail, or service-oriented user, this pad offers a rare opportunity to establish a presence along the high-traffic Tunnel Road corridor.

Attachments

Brochure

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,404 SF
Building Class
B
Year Built
1985
Price
$1,044,630 CAD
Price Per SF
$306.88 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.73 AC
Zoning
HB - Highway Business
Parking
40 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
47’ on Tunnel Rd

Amenities

  • Drive Thru

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1st Floor
  • 3,404 SF
  • Restaurant
  • Outparcel
  • Now

Prime retail pad opportunity available for sale or lease at 1297 Tunnel Road in East Asheville, offering excellent visibility and direct frontage along one of the area’s busiest commercial corridors. This highly accessible site provides strong daily traffic counts and convenient connectivity to both Interstate 240 and Interstate 40, placing it just minutes from Downtown Asheville. Positioned within Asheville’s primary retail trade area near Asheville Mall, the site benefits from strong co-tenancy with national retailers, restaurants, and surrounding residential density. Ideal for a bank, quick-service restaurant, medical retail, or service-oriented user, this pad offers a rare opportunity to establish a presence along the high-traffic Tunnel Road corridor with flexible sale or ground lease options.

Space Size Space Use Position Available
1st Floor 3,404 SF Restaurant Outparcel Now

1st Floor

Size
3,404 SF
Space Use
Restaurant
Position
Outparcel
Available
Now

1st Floor

Size 3,404 SF
Space Use Restaurant
Position Outparcel
Available Now

Prime retail pad opportunity available for sale or lease at 1297 Tunnel Road in East Asheville, offering excellent visibility and direct frontage along one of the area’s busiest commercial corridors. This highly accessible site provides strong daily traffic counts and convenient connectivity to both Interstate 240 and Interstate 40, placing it just minutes from Downtown Asheville. Positioned within Asheville’s primary retail trade area near Asheville Mall, the site benefits from strong co-tenancy with national retailers, restaurants, and surrounding residential density. Ideal for a bank, quick-service restaurant, medical retail, or service-oriented user, this pad offers a rare opportunity to establish a presence along the high-traffic Tunnel Road corridor with flexible sale or ground lease options.

Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100

Nearby Major Retailers

United Grocery Outlet
Truist
Zaxby's
Waffle House
First Citizens Bank
Ingles Markets
Starbucks

Property Taxes

Property Taxes

Parcel Number
9668-85-0518-00000
Land Assessment
$618,828 CAD
Improvements Assessment
$326,372 CAD
Total Assessment
$945,200 CAD
  • Listing ID: 39872054

  • Date on Market: 2026-03-23

  • Last Updated:

  • Address: 1297 Tunnel Rd, Asheville, NC 28805

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}