8541 Asheville Hwy
Knoxville, TN, 37924 Bedrooms-- Baths-- Sq 2,457 Monthly Estimate*
-- . This 2,457 square foot building was built on a lot size of 1.52.
ONLINE ONLY REAL ESTATE AUCTION | Prime Commercial Property -- 1.52+/- Acres -- Asheville Highway/11E Intersection -- Approximately 6 Miles to I-40 | BIDDING BEGINS TO CLOSE: Wednesday, October 21st at 12:00PM - Noon (ET) | OPEN HOUSE: Monday, October 19th at 12:00PM - Noon (ET) This exceptional commercial property presents a outstanding opportunity for business owners, investors, and developers seeking a highly visible and accessible location at the prominent Asheville Highway/11E intersection in a convenient location approximately 6 miles from I-40. Featuring 1.52+/- acres with approximately 578 feet of road frontage, a well-appointed main building, a large two-bay garage, an accessory storage building, and a large paved parking area, this property is ready to accommodate a wide range of commercial uses under its CA -- General Business Zone designation. The main building features three exterior doors and is thoughtfully configured into three rooms, offering excellent flexibility for a variety of business operations with two connected rooms featuring a half bathroom, a three-basin stainless sink, and a stainless hand sink -- ideal for food service, salon, medical, or a variety of other commercial uses. Pass-through window connecting to the third room. Third room with utility closet and direct access to the large two-bay garage space with two 9'9″ x 10′ rollup doors -- perfect for automotive, equipment, or service-oriented businesses. Additional half bathroom with separate exterior entrance: Accessory storage building with a large attached shelter -- providing outstanding additional storage or operational space. Large paved parking area -- accommodating customers, employees, and commercial vehicles with ease. Large cleared lot area with an older single-wide in the process of being set up -- offering additional on-site living or office potential. Approximately 578 feet of road frontage -- providing exceptional visibility and accessibility. Situated at the highly trafficked Asheville Highway/11E intersection, this property offers outstanding visibility and road frontage on a major commercial corridor with 2025 Annual Average Daily Traffic Counts of 21,054 (Nearest Traffic Count Location 47000058). Approximately 6 miles to I-40. Convenient access to the surrounding communities and customer base. Commercial properties with this combination of road frontage, acreage, garage space, storage buildings, and a prime intersection location are increasingly difficult to find. Whether you're establishing a new business, expanding an existing operation, or securing a versatile investment property in a high-visibility corridor, this 1.52+/- acre CA-zoned property delivers the location, infrastructure, and flexibility to make virtually any commercial vision a reality. Buyer to verify all information. Kenny Phillips, Auctioneer | TN Lic #2385 - Phillip Hopper, Auctioneer | TN Lic #6709
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FeaturesGeneralHeating Central Other Electric
Cooling Central Cooling Window Unit(s)
Utilities Electricity Connected Sewer Connected
Business Type Other Distributing Professional/Office Medical Dental Automotive Service Food Service Church Retail Professional Service
County Knox County - 1
Property Type Commercial Sale
Status Active
Directions From I-40 take exit 394. Head east on Asheville Highway toward Jefferson City. The property will be on the left right before the Asheville Highway/11E split.
City Knoxville
Zoning Description CA
MLS Area Knox County - 1
Lot Size Units Acres
Lot Size Square Feet 66211.2
MLS Area Minor Knox County - 1
Standard Status Active
New Financing Cash true
New Financing Coventional true
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InteriorAir Conditioning Y/N true
Heating Y/N true
Total Baths 0
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ExteriorWater Source Public Water
Total Parking 20
Inclusions Land Building
Lot Size Area 1.52
Number of Buildings 2
Building Area Total 2457
Lot Dimensions 1.52+/- acres
Lot Size Acres 1.52
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* Excluded FeaturesList ByKenny PhillipsListing Agent
Powell Auction & Realty,LlcBroker
kenny@powellauction.comEmail
Affordability Calculator
- Monthly Principal & Interest
- --
- Monthly Property Taxes
- $125
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Knoxville, TN
Average List Price $518,491
Percent of Sale Price ∞
About Knoxville, TN 192,776 Population
8% Since 2002
$ 37,359 Median Income
35.08 Median Age
22% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School