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1269 Tunnel RoadAsheville, NC 28805MLS Number CAR3451795

  • Sale Price: $1,450,000The price has recently decreased
  • Listed at $1,515,000
  • 244 Days Since Sale
Price Down Payment Interest Rate Years

Est. Mortgage: $/month

Federal 30-year interest rate: 3.07% last updated on 2020-07-02

This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

1269 Tunnel Road Asheville NC 28805
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  • 6375Square Feet
  • 1.14Acreage
  • 2003Year Built
  • ClosedMLS Status

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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Basic Information

  • ForeclosureN
  • List Price$1,515,000
  • MLS NumberCAR3451795
  • MLS StatusClosed
  • Property SubTypeFStan/Ret
  • Sale Date11/08/2019
  • Sale Price$1,450,000


  • View Count52


  • Building Number1269
  • CountyBuncombe
  • 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).
  • StateNC
  • StreetTunnel Road
  • Zip28805


  • Square Feet6375
  • Year Built2003


  • Acreage1.14
  • Parking Spaces27

Property Information

  • Inclusions Building
  • Number Of Buildings 3

Your Local Office

WNC Mountain Realty
23 Songbird Lane
Weaverville NC, 28787

Office: 828-231-3117

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