1269 Tunnel Road Asheville, 28805
1269 Tunnel Road

This property Closed on 11/08/19

  • MLS#: 3451795
  • Close Price: $1,450,000
  • Approx. Sq. Ft: 6,375
  • Approx. Acreage: 1.14
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This Property Closed On 12/06/19

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Close Price: $1,450,000

Original Listing Price: $1,515,000

List Date: 11/12/18

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

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Directions: 6/10 of a mile from I-40 Exit 55. 8/10 of a mile from the Asheville VA Medical Center. Two points of access directly from Tunnel Road (US70).

Disclaimer: The map service includes search results such as listings and related information provided by third parties. Beverly-Hanks makes no representations or warranties regarding the accuracy or completeness of the information provided by these third parties.

Property Features

Year Built: 2003

Listed by G/M Property Group

Find houses for sale in Asheville, NC from Beverly-Hanks, REALTORS®. Our Downtown Asheville real estate agents are experts in the community. In addition to local expertise, all Beverly-Hanks, REALTORS® are backed by an outstanding support staff and committed to the highest standards of customer service. Find a home for sale in Asheville that’s right for you. Continue browsing this page to see all Asheville, NC real estate listings.


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Find houses for sale in Asheville, NC from Beverly-Hanks, REALTORS®. Our Downtown Asheville real estate agents are experts in the community. In addition to local expertise, all Beverly-Hanks, REALTORS® are backed by an outstanding support staff and committed to the highest standards of customer service. Find a home for sale in Asheville that’s right for you. Continue browsing this page to see all Asheville, NC real estate listings.


Community Amenities

  • Campsites
  • Children's Programs
  • Clubhouse
  • Community Open Space
  • Concierge Services
  • Conservation Trust
  • Equestrian Center
  • Equestrian Boarding
  • Equestrian Trails
  • Wellness/Fitness Center
  • Golf Course
  • Golf Learning Center
  • Lake Access
  • Mountain Biking/Cycling
  • Outfitter/River Pro
  • Playground
  • Planned Activities
  • Kayaking/Canoeing
  • Spa
  • Swimming Pool
  • Tennis
  • Walking/Hiking Trails

Nearby Activities

  • Lake Fishing
  • Fly Fishing
  • Running
  • Walking/Hiking
  • Kayaking/Canoeing
  • Boating
  • Mountain Biking/Cycling
  • Snow Skiing
  • Tennis
  • Swimming
  • Shopping
  • Dining
  • Entertainment
  • Art/Culture
  • Primary Education
  • Secondary Education
  • Continuing Education
  • Theater/Symphony
  • Golf
  • Garden Club
  • Working Out
  • Kids Camp
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