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43 photos

N/A

8541 Asheville Hwy, Knoxville, TN 37924
Knoxville, TN 37924
Listed by Kenny Phillips · Powell Auction & Realty,LLC
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
N/A

About this home

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

Property details

MLS
East Tennessee REALTORS® MLS
MLS #
1356515
Property type
Commercial Sale
Subdivision
N/A
Status
Active
Days on market
1
On market date
September 23, 2026
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
20
Lot size
1.52 acres
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

Elementary
Carter Elementary
0.25 mi away · Grades -1-5
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
535
Student:teacher ratio
16.7:1
District
Knox County
Middle
Carter Middle School
1.18 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
584
Student:teacher ratio
15.8:1
District
Knox County
High
Carter High School
1.17 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
769
Student:teacher ratio
13.7:1
District
Knox County

Walkability

Blended score for Knoxville's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

17
Very car-dependent
out of 100
EPA National Walkability Index
5.2 / 20 -- Least walkable
Google Places amenity density
3 / 100
Restaurants & cafes1
Grocery stores0
Parks0
Schools0
Transit stops0
Pharmacies0

Market position

How this listing compares to current activity in Knoxville, from live MLS data.

On the market 1 days -- 73 fewer days than Knoxville's current average of 74 days.
For reference, the median list price across 2,161 active listings in Knoxville right now is $399,900.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$2,258/mo
$70,000 down
$280,000 loan
Principal & interest$1,816
Property tax (est.)$292
Home insurance (est.)$150

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Data source: Listing information provided by East Tennessee REALTORS® MLS via Trestle/CoreLogic. Last updated 23 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.