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Multi-Tenant Office and Retail
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8537 Asheville Hwy, Knoxville, TN 37924

Multi-tenant property with road frontage on Asheville Highway, currently leased to Drayer Physical Therapy and a credit union.

Property SizeContact for details
Days on Market133

Property Features for 8537 Asheville Hwy

General Information

Standard status Active
Property subtype Office

Additional Details

Road Access Yes

Building Details

Tenancy Multi
Listing Agency: HSI Commercial
Listed By: Jeff Hammond · License #373135
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 23 at 2:40PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of HSI Commercial

Investment Insights

Based on property information with market context.

This multi-tenant commercial property is being offered for sale and is currently housing multiple tenants, including Drayer Physical Therapy and Knoxville Teachers Federal Credit Union.

The asset is located on Asheville Highway and benefits from road frontage along a heavily traveled corridor.

As currently presented, the listed tenants generate total monthly rent of $4,600.

Key Highlights

  • Multi‑tenant property at 8537 Asheville Highway, leased to Drayer Physical Therapy and Knoxville Teachers Federal Credit Union
  • Drayer Physical Therapy lease pays $4,095/month
  • Knoxville Teachers Federal Credit Union lease pays $600/month

Property Analytics

Current Use

BenchMark Physical Therapy Physician East Tn Occupational ... Physician Zachary Rupp Physician Evan Beckman Physician Matthew Cabbage Physician

Suggested Use

Top Pick Auto Parts Store Building Supply Law Firm Garden Center Furniture & Home Goods Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

149
Businesses Nearby

Demographics for 37924, TN

12,894
Population
6,052
Households
2.1
Avg Household Size
41
Median Age
28%
College-Educated
91%
High-School Grad
27.9 sq mi
ZIP Area
462
Density / Sq Mi
$73,794
Median Household Income
$40,594
Median Earnings
$1,020
Median Rent
$217,300
Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office building - Multi-tenant property with road frontage on Asheville Highway, currently leased to Drayer Physical Therapy and a credit union.
Where is this office building located?
The property is located at 8537 Asheville Hwy Knoxville, TN.
What are key features of this property?
This property features: Multi‑tenant property at 8537 Asheville Highway, leased to Drayer Physical Therapy and Knoxville Teachers Federal Credit Union; Drayer Physical Therapy lease pays $4,095/month; Knoxville Teachers Federal Credit Union lease pays $600/month
More about this property
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