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    3600 Western Ave Knoxville, TN 37921

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    For Sale
    $950,000

    Retail property with high traffic and income potential.

    Property size:
    7,029 SF
    Lot size:
    0.58 Acres

    Property Features for 3600 Western Ave

    General Information

    Size
    7,029 SF
    Lot size
    0.58 Acres

    Source: Goldman Partners Realty, LLC Agent Solange Velas, CCIM

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

    Overview

    Retail Property on Western Avenue

    This commercial property, situated approximately 1/2 mile east of I-640, features a nicely renovated retail space with 70% occupancy. The property benefits from a location in the heart of the Knoxville MSA area, ensuring high visibility and exposure to significant traffic volume, with a 2023 ADT of 19,370. The current tenant, Knoxville Liquor, pays $5550 per month and has 9.5 years remaining on their lease, which includes two built-in rent increases. The property is zoned C-G-1. The property has 7.1 CAP on current income and 9.5 CAP on proforma. The available 2000 square feet is suitable for an owner occupant seeking income from the existing tenant to offset mortgage costs. The property includes ample parking. The total property size is 7029 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Knoxville
    County
    Knox
    State
    Tennessee
    Longitude
    -83.972137
    Latitude
    35.974399

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    FAQs

    What type of property is this?
    Retail space - Retail property with high traffic and income potential.
    Where is this retail space located?
    The property is located at 3600 Western Ave Knoxville, TN.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: - High traffic location with 19,370 ADT (2023) ensuring excellent visibility.; - Strong income potential with a 7.1 CAP rate on current income and 9.5 CAP on proforma.; - Existing tenant (Knoxville Liquor) provides $5550/month income with 9.5 years remaining on lease and built-in rent increases.
    (865) 368-2787
    Request Owner's contact information
    3600 Western Ave Knoxville, TN 37921
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    Knoxville, TN 37921
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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
    3600 Western Ave Knoxville, TN 37921
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