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    8539 Asheville Hwy Knoxville, TN 37924

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    For Sale
    $700,000

    Corner lot on Asheville Highway, suitable for retail or automotive.

    Property size:
    2,400 SF

    Property Features for 8539 Asheville Hwy

    General Information

    Size
    2,400 SF

    Source: Sam Tate, CCIM Agent Sam Tate, CCIM

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Asheville Highway Corner Lot

    This property, located on Asheville Highway, is a corner lot with high daily car traffic of approximately 24,000 vehicles. The property is zoned favorably in California with a density of 12 units per acre and no city taxes. The site features a new roof, paved excess lot, updated plumbing, and re-wiring. Formerly an auto service shop with bays, the property has potential for use as a food truck park. Seller financing is available with $100,000 down, 6% interest, and $3,000 monthly payments. The property is suitable for auto shops, automotive properties, and retail properties.
    Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    N S Autoworks, Turners Euro Services, Tindell's Tires, Ogle's Wrecker Services, Magnificent Enterprises

    Location Insight

    • Map
    • Local Demand
    City
    Knoxville
    County
    Knox
    State
    Tennessee
    Longitude
    -83.739157
    Latitude
    36.025816

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    FAQs

    What type of property is this?
    Auto shop - Corner lot on Asheville Highway, suitable for retail or automotive.
    Where is this auto shop located?
    The property is located at 8539 Asheville Hwy Knoxville, TN.
    What is the asking price?
    The asking price for this property is $700,000.
    What are key features of this property?
    This property features: - Seller finance available: $100k down, 6% interest, $3k/mo; - High traffic location with approximately 24,000 cars daily; - Attractive CA zoning, allowing for 12 units per acre
    (865) 806-6517
    Request Owner's contact information
    8539 Asheville Hwy Knoxville, TN 37924
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    8539 Asheville Hwy Knoxville, TN 37924
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