3920 Asheville Hwy Knoxville, TN 37914
For Sale
1 / 2
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
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
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.