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Christian Smith

Broker/Realtor

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

Amenities

  • Parking Spaces27

Additional Information

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

Listing Details

  • OfficeG/M Property Group
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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.

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