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Commercial Storefront with Two-Bay Garage
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8541 Asheville Hwy, Knoxville, TN 37924

A three-room commercial building includes service sinks, two half bathrooms, and an accessory storage structure.

Property Size2,457 SF
Lot Size1.52 Acres
Days on Market31

Property Features for 8541 Asheville Hwy

General Information

Standard status Active
Size 2,457 SF
Total Parking Spaces 20
Lot size 1.52 Acres
Property subtype Commercial
Zoning CA

Site & Location

Road Frontage 578 ft
Corner Location Yes
Traffic Count 21,054 vehicles/day
Highway Access Yes
Road Access Yes

Additional Details

Land Use commercial

Taxes and HOA fees

Annual Taxes $1,505

Amenities

garage
storage building
shelter
paved parking area

Building Details

Building Size 2,457 SF
Buildings 2
Stories 1
Listing Agency: Powell Auction & Realty, LLC
Listed By: Kenny Phillips · License #239235
Source: Creekcountryrealestate
Added: Sep 23 Changed: Oct 23 Last Checked: Oct 23 at 5:45PM

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 Powell Auction & Realty, LLC

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Investment Insights

Based on property information with market context.

At the Asheville Highway and 11E intersection, this CA-zoned commercial property spans approximately 1.52 acres and includes a main building, a two-bay garage, and an accessory storage building with an attached shelter. The main building is arranged as three rooms, with three exterior doors. Two connected rooms include a half bathroom, a three-basin stainless sink, and a stainless hand sink. A pass-through window links to the third room, which has a utility closet and direct garage access. The garage has two roll-up doors measuring 9'9″ x 10'. A second half bathroom is accessed from outside.

The site has approximately 578 feet of road frontage at the Asheville Highway/11E intersection and is approximately 6 miles from I-40. A large paved parking area and a cleared section of the lot are also present; a single-wide is being set up on the property.

Key Highlights

  • Approximately 1.52+/- acres with CA zoning
  • Approximately 578 feet of road frontage at the Asheville Highway/11E intersection
  • Main building configured as three rooms, with three exterior doors

Property Analytics

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Current Use

4Way Food Park Restaurant

Suggested Use

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

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

21,054 VPD
Traffic count
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

149
Businesses Nearby
7k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Shops & Services 81% Dining 19%
Dollar General Shops & Services
5,773 visits/mo 0.5 miles
Pizza Plus Dining
1,380 visits/mo 0.5 miles

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in Knoxville, TN

4.6% 2019
5.5% 2020
4.5% 2021
4.3% 2022
4.2% 2023
4.2% 2024
5.1% 2025

Frequently Asked Questions

What type of property is this?
Storefront property - A three-room commercial building includes service sinks, two half bathrooms, and an accessory storage structure.
Where is this storefront property located?
The property is located at 8541 Asheville Hwy Knoxville, TN.
What are key features of this property?
This property features: Approximately 1.52+/- acres with CA zoning; Approximately 578 feet of road frontage at the Asheville Highway/11E intersection; Main building configured as three rooms, with three exterior doors
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