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    240 Brookview Centre Way Knoxville, TN 37919

    Sponsored
    For Sale
    $400,000

    Prime West Knoxville retail land, $400,000

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 7,672 sq ft commercial land parcel presents a unique investment opportunity within the thriving Brookview Town Centre in West Knoxville, Tennessee. Located at 240 Brookview Centre Way, this pad-ready site is ideally situated off I-40's Papermill Drive exit (0.5 miles), offering unparalleled access and visibility. Zoned C-G-3, it's suitable for retail, office, or medical uses. The site benefits from its location within a vibrant mixed-use development boasting a nearly fully occupied Class A office building (194,359 sq ft), a high-occupancy Courtyard by Marriott hotel, and multiple retail buildings housing popular tenants like Five Guys, Barberitos, and Bank of Tennessee. Ample parking is ensured through a reciprocal easement agreement encompassing the development's four-level parking garage and an adjacent lot featuring eight Tesla Supercharger stations. The property enjoys excellent frontage on N. Weisgarber Road, with convenient access via N. Weisgarber Road or Brookview Centre Way off N. Northshore Dr. This affluent area boasts a median household income exceeding $58,716 within a 3-mile radius and projects over 5% population growth within the next five years. High daily traffic counts (over 30,000 CPD) on N. Northshore Drive, combined with significant foot traffic within the development, guarantee substantial exposure. Utilities are readily available on-site. This is a first-time-to-market opportunity not to be missed.

    Property Features for 240 Brookview Centre Way

    General Information

    Property type
    Land

    HighLights

    • 7,672 SF pad‑ready commercial lot in affluent West Knoxville.
    • High daily foot traffic in a thriving mixed‑use development.
    • Anchored by national hotel, retail, and office tenants including Five Guys, Barberitos, and Bank of Tennessee.
    • Ample parking via a reciprocal easement agreement with a four‑level parking garage and adjacent Tesla Supercharger station lot.
    • Convenient access to I‑40 via Papermill Drive exit (0.5 miles).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Law Firm Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Knoxville
    County
    Knox
    State
    Tennessee
    Longitude
    -84.0037
    Latitude
    35.936368

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    FAQs

    What type of property is this?
    Land - Prime West Knoxville retail land, $400,000
    Where is this land located?
    The property is located at 240 Brookview Centre Way Knoxville, TN.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: 7,672 SF pad-ready commercial lot in affluent West Knoxville.; High daily foot traffic in a thriving mixed-use development.; Anchored by national hotel, retail, and office tenants including Five Guys, Barberitos, and Bank of Tennessee.
    Request Owner's contact information
    240 Brookview Centre Way Knoxville, TN 37919
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    Knoxville, TN 37919
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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
    240 Brookview Centre Way Knoxville, TN 37919
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