3920 Asheville HwyKnoxville, TN 37914

Property Details for 3920 Asheville Hwy

Year built

1979

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Property size (Sq ft)

6,615 SF

Property type

Turn key restaurants

APN

070MK001

APU

070MK001

Description

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 approach

  CAP return

  Valuation

  6%

  $2,487,730

  6.5%

  $2,296,366

  7%

  $2,132,340

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,372,425

  Geo Method

  $1,372,425

• Alternative Use

  Use

  Valuation

  Residential

  $1,937,071

  Hospitality

  $1,774,346

  Educational

  $1,476,236

  Medical

  $1,527,006

  Retail

  $2,296,366

Location Insight

City

Knoxville

County

Knox

State

Tennessee

Latitude

35.9999

Longitude

-83.8762

CBSA code

28940

CBSA name

KNOXVILLE, TN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].