Retail Property on Tunnel Road

1297 Tunnel Rd, Asheville, NC 28805

Property Information

  • For Lease Contact for pricing
  • Property Type Retail - Freestanding
  • Property Size 3,404 SF
  • Lot Size 0.73 Acre
  • Building Class C
  • Year Built 1985
  • Date Updated Apr 24, 2026

Description

Located at 1297 Tunnel Road in East Asheville, this commercial land opportunity sits along one of the city’s most active retail and commuter corridors. Tunnel Road (US-70) is a major four-lane arterial just minutes from downtown Asheville and offers quick access to I-240 and I-40, connecting the site to the broader Asheville market and surrounding mountain communities. The property is positioned within a dense commercial district surrounded by national retailers, restaurants, shopping centers, and high-density residential neighborhoods, and is near prominent destinations such as the Asheville Mall.Prime retail property opportunity available for sale or lease at 1297 Tunnel Road in East Asheville, offering excellent visibility and direct frontage along one of the area’s busiest commercial corridors. This highly accessible site provides strong daily traffic counts and convenient connectivity to both Interstate 240 and Interstate 40, placing it just minutes from Downtown Asheville. Positioned within Asheville’s primary retail trade area near Asheville Mall, the site benefits from strong co-tenancy with national retailers, restaurants, and surrounding residential density. Ideal for a bank, quick-service restaurant, medical, retail, or service-oriented user, this pad offers a rare opportunity to establish a presence along the high-traffic Tunnel Road corridor. *Though the property is not located in the flood zone, there was significant flooding from Helene. Internal work needs to be done.Prime retail pad opportunity available for sale or lease at 1297 Tunnel Road in East Asheville, offering excellent visibility and direct frontage along one of the area’s busiest commercial corridors. This highly accessible site provides strong daily traffic counts and convenient connectivity to both Interstate 240 and Interstate 40, placing it just minutes from Downtown Asheville. Positioned within Asheville’s primary retail trade area near Asheville Mall, the site benefits from strong co-tenancy with national retailers, restaurants, and surrounding residential density. Ideal for a bank, quick-service restaurant, medical retail, or service-oriented user, this pad offers a rare opportunity to establish a presence along the high-traffic Tunnel Road corridor with flexible sale or ground lease options.

Highlights

  • 22,000 VPD on Tunnel Road
  • 65,000 VPD on I-40 at the Exit
  • Abundant parking
  • High traffic, high visibility location

1 Space Available

Entire Property

Space Type

Retail

Lease Rate

Contact for pricing

Total Space

3,404 SF

Divisible Space

3,404 - 3,404 SF

Available Date

Immediate

Lease Type

NNN

Renewal Option

Yes

Sublease

No

Contacts

Scott Raines

Dewey Property Advisors

Location

Located at 1297 Tunnel Rd, Asheville, NC 28805, this property is part of the Azalea neighborhood and Asheville market.

Contact Listing Broker
Scott Raines

Dewey Property Advisors

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