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Property profile & analytics
OFF-MARKET
Auto shops

2001 Chapman Hwy Knoxville, TN 37920-1901

2,838 SF 0.44 ac lot Built 1970
Entity Owned 7-yr Hold Free & Clear
Property ID
US80-1252512
Property summary
AI-generated overview

This exceptional commercial land parcel, located at 2001 Chapman Highway in Knoxville, Tennessee (zip code 37920), presents a unique investment opportunity. Situated on a prime corner where Chapman Highway intersects with Sevier Avenue, this single-tenant property boasts unparalleled visibility and accessibility. The 0-acre lot benefits from its strategic location at the gateway to significant new developments in South Knoxville. This translates to high foot traffic and excellent exposure for any commercial venture. The property's proximity to thriving areas further enhances its appeal. Within walking distance, one finds the South Waterfront apartments, the Kerns Bakery development, and a cluster of popular fast-food restaurants, ensuring a constant flow of potential customers. The current land lease rate stands at $2800 per month, offering a strong potential return on investment. This property is ideal for businesses seeking high visibility and a location within a rapidly growing commercial district. The coordinates are 35.953795395083446 latitude and -83.91676923536721 longitude. This is a rare opportunity to secure a foothold in one of Knoxville's most dynamic commercial areas.

Property profile
Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1970
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 2,838 SF
Lot 0.44 ac (19,188 SF)
APN 109AA009
UPID US80-1252512
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
City Of Knoxville · 7 yrs held
City Of Knoxville
since 2018
3 recorded transactions
2018
$16,500
2001
Price N/A
2000
$100,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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