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Property profile & analytics
FOR SALE
Turn key restaurants

3920 Asheville Hwy Knoxville, TN 37914

6,615 SF Built 1979
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US80-0025573
Property summary
AI-generated overview

This exceptional retail property, located at 3920 Asheville Highway in Knox County, offers 7,729 square feet of versatile space, perfect for a variety of uses. Currently available as a single, contiguous unit, the owner is open to dividing the building into two smaller spaces, accommodating tenants with varying needs. The building, constructed in 1979, sits on a 0.8-acre lot (34,848 square feet) and features excellent street frontage and ample parking, ensuring high visibility and convenient access for customers. Its strategic location provides close proximity to both the interstate and the downtown area, maximizing exposure to a large customer base. The property is zoned C-G-2, allowing for a range of retail, restaurant, and potentially brewery options. The building consists of one single-story structure with no elevators. Property taxes are $0.78 per square foot. The cross street is Shelby Street, and the Assessor's Parcel Number (APN) is 149635. This is a rare opportunity to secure a well-located, adaptable retail space with significant potential for growth and success. The total building comprises two suites, with the entire 7,729 square feet currently vacant. This presents a unique chance to establish a thriving business in a high-traffic area.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1979
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 6,615 SF
APN 070MK001
UPID US80-0025573
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
by Request
Comparable Approach Comparable
$960k
Blend (final) Blend
$960k
Owner & transaction history
Skapa Properties LLC · 4 yrs held
Skapa Properties LLC
since 2022
7 recorded transactions
2022
$815,000
2016
$155,000
2015
Price N/A
2012
$240,000
2012
Price N/A
2011
$150,000
2006
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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