Find us on...


Christian Smith


  • Office 828-595-9071
  • Cell 828-243-8147

1269 Tunnel Rd, Asheville, NC – $1,515,000

  • $1.5M Price
  • 6,375 Sqft
  • 1.14 Acres
  • 248 DOM
  • $1.5M Price
  • 6,375 Sqft
  • 1.14 Acres
  • 248 DOM

1269 Tunnel Rd

100% occupied by long-term regional and national credit tenants with average occupancy of 13 years. Asking price represents 7.75% all-cash cap rate of in-place NOI. Leveraged IRR exceeds 18%. Major interior remodel totaling +/- $235,000 completed on 85% of center in 2018. ***FOR A COMPLETE OFFERING MEMORANDUM, PLEASE RETURN FULLY EXECUTED CONFIDENTIALITY AGREEMENT ATTACHED

Essential Information

  • MLS® #3451795
  • Price$1,515,000
  • Bathrooms0.00
  • Square Footage6,375
  • Acres1.14
  • Year Built2003
  • TypeCommercial Property
  • Sub-TypeFStan/Ret.
  • StatusActive

Community Information

  • Address1269 Tunnel Rd
  • CityAsheville
  • CountyBuncombe
  • StateNC
  • Zip Code28805-5100


  • Parking Spaces27

Additional Information

  • Date ListedNovember 12th, 2018
  • Days on Market248
  • ZoningHB

Listing Details

  • OfficeG/M Property Group
Please provide a valid email address.

Price Change History for 1269 Tunnel Rd, Asheville, NC (MLS® #3451795)

Date Details Change
Price Reduced from $1,564,000 to $1,515,000 $49,000 (3.13%)

G/M Property Group.

The data relating to real estate on this Web site derive in part from the Carolina Multiple Listing Services, Inc. IDX program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither RE/MAX Mountain Living nor any listing broker shall be responsible for any typographical errors, misinformation or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. © 2019 Carolina Multiple Listing Services, Inc.

Listing information last updated on July 19th, 2019 at 4:28am EDT.