Former Department Store at Asheville Mall

For Sale

7 S Tunnel Rd, Asheville, NC 28805

This Asheville property for sale is located at 7 S Tunnel Rd. The general use of Former Department Store at Asheville Mall is retail and it incorporates 130,500 square feet of class C retail space. The current listed sale price for Former Department Store at Asheville Mall is $5,100,000. Former Department Store at Asheville Mall is situated on a lot that is 6.24 acre in size.

Contacts

broker
Tim Bramley

Dewey Property Advisors

Property Details

  • Property Type Retail - Regional Mall
  • Property Size 130,500 SF
  • Lot Size 6.24 Acre
  • Building Class C
  • Year Built 1989
  • Date Updated Jun 23, 2025
Situated in the heart of Asheville's busiest retail corridor, with exposure to over 102,000 vehicles per day and immediate access to I-240 and US-70. The box is adjoined to the Asheville Mall, the largest mall in Western North Carolina. The Mall has been a major retail destination in WNC for the past 50 years, with the closest competing indoor mall being located over 100 miles away. The Mall serves regular foot traffic not only from the Asheville MSA and booming tourist population, but also 15 surrounding counties whose residents visit the area for shopping and healthcare needs. The site is also surrounded by prominent national retailers such as Whole Foods, Target, Best Buy, Lowe’s, and Home Depot.Asheville Mall is a prominent shopping destination in the area conveniently located off I-240 on Tunnel Road, making it easily accessible from different parts of the city and beyond. Close to several other attractions such as the Biltmore Estate, Downtown Asheville's historic district, and the Blue Ridge Parkway, making it a central destination for shopping and dining. The mall features major department stores such as Belk and Dillard's, along with over 100 specialty shops. Zoning: Urban Place Form Code District as part of the Urban Centers initiative to promote transit-supportive growth and development. DPA is pleased to present this listing in partnership with SRS Real Estate Partners.
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Highlights

  • ±130,500 SF retail box available
  • 6.24 Acres
  • Adjoining the Asheville Mall, busiest mall in Western NC

Getting around

  • 33/100

    Walk Score ®

  • 29/100

    Transit Score ®

  • 22/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Asheville, NC
  • Neighborhood Kenilworth
  • Zip Code 28805
  • Market Asheville

Points of Interest

  • Shell

    0.72 miles

  • Gas Express

    1.27 miles

  • Enmark

    1.34 miles

  • Citgo

    1.48 miles

  • Greenlots

    1.68 miles

  • Exxon

    2.00 miles

  • Speedway

    2.08 miles

  • Ingles Gas Express

    2.30 miles

  • Tesla Supercharger

    5.43 miles

  • EVgo

    6.76 miles

  • Haw Creek Park Parking lot

    1.51 miles

  • Biltmore Avenue Parking Garage

    1.65 miles

  • Simpson Parking

    1.66 miles

  • Ironwood Parking Garage

    1.73 miles

  • Sears Alley Public Parking Deck

    1.84 miles

  • Rankin Avenue Garage

    1.89 miles

  • Civic Center Garage

    1.95 miles

  • Wall Street Garage

    1.96 miles

  • Shuttle Lot E

    2.38 miles

  • Shuttle Lot D

    2.41 miles

  • Wild Wok

    0.25 miles

  • Chick-fil-A

    0.30 miles

  • Blaze Pizza

    0.33 miles

  • Cicis

    0.39 miles

  • India Garden

    0.39 miles

  • Chili's

    0.41 miles

  • Panera Bread

    0.41 miles

  • Ole's Guacamole

    0.42 miles

  • Papas and Beer

    0.42 miles

  • Cook Out

    0.42 miles

  • JCPenney

    0.03 miles

  • Asheville Mall

    0.10 miles

  • Belk

    0.15 miles

  • Dillard's

    0.20 miles

  • Whole Foods Market

    0.35 miles

  • TJ Maxx

    0.37 miles

  • Ross

    0.37 miles

  • Target

    0.46 miles

  • Walmart Supercenter

    0.62 miles

  • Kohl's

    0.84 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Tim Bramley

Dewey Property Advisors

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