7430 Chapman HwyKnoxville, TN 37920

  • Retail properties
  • 28,000 SF
For Lease
$14/SF/YR View listing

Property Details for 7430 Chapman Hwy

Year built
2004
Construction
LIGHT FRAME
Lot size
5.86 AC
Property size (Sq ft)
28,000 SF
Property type
Retail properties
Property subtype
Strip malls
APN
137 192
APU
137192

Description

This exceptional 6,000 square foot retail shopping center, located at 7430 Chapman Highway in Knoxville, Tennessee (zip code 37920), presents a fantastic leasing opportunity. The property is currently fully vacant, offering a unique chance for a single tenant to occupy the entire space or for multiple tenants to lease portions. The minimum leasable space is 1,400 square feet, while the maximum contiguous space available is 3,200 square feet. This allows for flexibility to accommodate a variety of business needs and sizes. The property's prime location on Chapman Highway ensures high visibility and accessibility, benefiting from significant daily traffic volume. The address is easily identifiable and convenient for customers. This is an ideal location for businesses seeking strong foot traffic and exposure in a thriving Knoxville community. The property is categorized as a retail shopping center, offering a versatile space suitable for a wide range of retail uses. Interested parties are encouraged to inquire about lease terms and conditions. The property's latitude and longitude coordinates are 35.909968 and -83.8435659 respectively. This presents a rare opportunity to establish a strong retail presence in a desirable Knoxville location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $10,530,075
    6.5%
    $9,720,069
    7%
    $9,025,778
  • Comparable approach

    Method
    Valuation
    Relative Method
    $5,809,205
    Geo Method
    $5,809,205
  • Alternative Use

    Use
    Valuation
    Residential
    $8,199,242
    Hospitality
    $7,510,462
    Educational
    $6,248,616
    Medical
    $6,463,516
    Retail
    $9,720,069
7430 Chapman Hwy, Knoxville, Tennessee

Location Insight

City
Knoxville
County
Knox
State
Tennessee
Latitude
35.9095
Longitude
-83.8437
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
$48,724
-
-
$1,313,440
-
$1,339,600
$1,944,000
$3,283,600

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