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1480 Tunnel Rd - Land Lease or Build to Suit

0.6 Acres of Commercial Land Offered at $775,000 in Asheville, NC 28805

Investment Highlights

  • .72 acres
  • Thriving hotel area
  • 18,000 CPD
  • Graded, level land ready for construction
  • Less than 1 mile to Blue Ridge Parkway (NPS)
  • near Zaxby's, Bojangles, Arby's

Executive Summary

Well located and flat .72 acre site available for ground lease or build to suit. The property is located in a thriving commercial area and offers great visibility and accessibility from Tunnel Road. The zoning of the property is Highway Business, which allows for a wide range of development possibilities, including DRIVE THRU food service, retail stores, offices, restaurants, or a combination of different uses. The property is also well-served by utility infrastructure, including electricity, gas, and water. Moreover, the property is strategically located on US-70 and close to I-40 at exit 55, making it easy to access and attract a large customer base. Overall, this is a prime location for a ground lease or build to suit development, with great potential for businesses looking to establish a presence in a active commercial area.

Property Facts

Price $775,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Retail
  • Fast Food
  • Restaurant
Total Lot Size 0.72 AC

1 Lot Available

Lot

Price $775,000
Price Per AC $1,291,666.67
Lot Size 0.60 AC

Well located and flat .72 acre site available for ground lease or build to suit. The property is located in a thriving commercial area and offers great visibility and accessibility from Tunnel Road. The zoning of the property is Highway Business, whi

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
9678-05-9793-00000
Land Assessment
$256,100
Improvements Assessment
$0
Total Assessment
$256,100

zoning

Zoning Code HB (highway business)
HB (highway business)
  • Listing ID: 33868838

  • Date on Market: 11/14/2024

  • Last Updated:

  • Address: 1480 Tunnel Rd, Asheville, NC 28805

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