1269 Tunnel Rd | Asheville, NC 28805
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1269 Tunnel Rd
Asheville, NC 28805
Retail Property For Sale
PROPERTY FACTS
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
6,375 SF
Building Class
C
Year Built
2003
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.13
Lot Size
1.14 AC
Zoning
HB
Parking
28 Spaces (4.39 Spaces per 1,000 SF Leased)
Frontage
180 FT on Tunnel Rd
About 1269 Tunnel Rd , Asheville, NC 28805
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.***
PROPERTY TAXES
| Parcel Number | 9668-76-1134-00000 | Improvements Assessment | $472,200 |
| Land Assessment | $439,100 | Total Assessment | $911,300 |
PROPERTY TAXES
Parcel Number
9668-76-1134-00000
Land Assessment
$439,100
Improvements Assessment
$472,200
Total Assessment
$911,300
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