8608 Asheville Hwy Knoxville, TN 37924
This exceptional 3.07-acre commercial property in Knoxville, Tennessee, presents a unique investment opportunity. Located at 8608 Asheville Highway, zip code 37924, this land boasts a strategic location near the Andrew Johnson Highway intersection and in close proximity to a Kub Power substation. The property features a split zoning designation: Commercial (CA) zoning at the front and Agricultural (Ag) zoning at the rear, offering flexibility for diverse development plans. All utilities are available at the lot line, except for gas. A significant existing structure, a 13,816 square foot restaurant building, is included in the sale. The property is being sold "as is" for land value, representing a compelling opportunity for developers and investors seeking a prime location with potential for various commercial uses. The property's address is fully verified as 8608 Asheville Hwy, Knoxville, Knox County, Tennessee. This location offers excellent visibility and accessibility, making it an ideal site for a range of commercial ventures. The existing restaurant building could be renovated, repurposed, or demolished to accommodate a new development, depending on the buyer's vision. This is a rare chance to acquire a substantial parcel of land in a high-growth area of Knoxville.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.