8541 Asheville Hwy Knoxville, TN 37924-4116

This exceptional redevelopment opportunity presents a 2,400 square foot retail building situated on a 1.52-acre corner lot in Knoxville, Tennessee. The property, located at 8541 Asheville Highway (zip code 37924), boasts a prime location in a high-traffic corridor with two highway cuts, ensuring excellent visibility and accessibility. The building, originally constructed in 1966 and extensively renovated in 2023, is classified as Class B and features permitted CA zoning. Recent improvements, totaling approximately $150,000, include a new roof, asphalt, plumbing system, and complete rewiring. The property also benefits from ample parking and an additional pad, providing potential for expansion or further development. Detailed engineer plans for grading, excavation, and paving are available. The asking price is $699,000, translating to $291.25 per square foot. This represents a compelling investment opportunity, particularly given the absence of city taxes. Furthermore, owner financing is available with a 25% down payment, 7% interest-only payments, and a 5-year term. This versatile property is ideally suited for a variety of uses, including quick-service restaurants (QSR), full-service restaurants, and auto shops. The property's size, location, and recent renovations make it an attractive prospect for investors seeking a strong return on investment.