4Way Retail Opportunity

8541 Asheville Hwy Knoxville, TN 37924

8541 Asheville Hwy, Knoxville, TN, 37924
8541 Asheville Hwy, Knoxville, TN, 37924 8541 Asheville Hwy, Knoxville, TN, 37924
FOR SALE
Property Type:
Street Retail
Amount:
$699,000
Last Verified:
Apr 07, 2023


Description

Ample parking available
No city taxes, attractive CA zoning
Approx. $150,000 invested in renovations
New roof, asphalt, plumbing, fenced, re-wired
Corner lot, 2 highway cuts in high traffic corridor
Additional pad included to develop, add parking
Engineer Plans: Grading, Excavation, Paving, etc.
Owner may carry: 25% down, 7% I/O, 5 Year term

Asheville Hwy

Building Size: 2400sq ft
Lot Size: 1.52 acres

Map of 8541 Asheville Hwy, Knoxville, TN, 37924

Presented by:
NAI Koella RM Moore

Request additional information
G. Samuel Tate, CCIM


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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.