7430 Chapman HwyKnoxville, TN 37920

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

Strip malls

Property subtype

Neighborhood centers

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.

• 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

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

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