8541 Asheville Hwy Knoxville, TN 37924-4116
Property profile & analytics
8541 Asheville Hwy Knoxville, TN 37924-4116
- Auto shops
- 1,497 SF
- 1.52 lot acres
Property ID
US80-0110292
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- 4Way Food Park / Restaurant
Property Details for 8541 Asheville Hwy
- Year built
- 1966
- Construction
- STEEL FRAME
- Lot size
- 1.52 lot acres
- Property size
- 1,497 SF
- Property type
- Auto shops
- APN
- 062 209
- APU
- 62209
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Knoxville
- County
- Knox
- State
- Tennessee
- Longitude
- -83.738
- Latitude
- 36.0259
- CBSA code
- 28940
- CBSA name
- KNOXVILLE, TN METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$1,506
$0.00
$0.00
$96,880
-
$137,400
$104,800
$242,200
