8541 Asheville Highway – Knoxville, TN 37924
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.
Main Building — Approximately 1,497 SF:
The main building features three exterior doors and is thoughtfully configured into three rooms, offering excellent flexibility for a variety of business operations:
- 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
- Two-bay garage with two 9’9″ x 10′ rollup doors — perfect for automotive, equipment, or service-oriented businesses
- Additional half bathroom with separate exterior entrance
Additional Structures & Site Features:
- Accessory storage building with approximately 960 SF and 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
Location:
Situated at the highly trafficked Asheville Highway/11E intersection, this property offers:
- Outstanding visibility and road frontage on a major commercial corridor
- 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
The Opportunity:
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.
SALE CONDUCTED IN CONJUNCTION WITH
Sam Tate | NAI Koella RM Moore | 865-531-6400
Knox County Parcel / Tax ID:
062 209
Yearly Property Taxes:
$1,505.52 – Knox County only
Year Built:
1966
Lot Size:
1.52 +/- acres
YOU WILL NEED TO EMAIL PROOF OF FUNDS INFORMATION WHEN YOU REGISTER. THIS CAN BE A BANK LETTER, SCREENSHOT OF ONLINE BANKING/INVESTMENT ACCOUNT/RETIREMENT ACCOUNT, LOAN PRE-APPROVAL LETTER, ETC.
PLEASE EMAIL THIS TO phillip@powellauction.com. YOUR REGISTRATION/BID WILL REMAIN PENDING UNTIL WE RECEIVE YOUR PROOF OF FUNDS INFORMATION.
PLEASE CALL KENNY OR PHILLIP AT 865-938-3403 WITH ANY QUESTIONS.
Real Estate Terms:
Powell Auction will email winning bidder your contract. The successful high bidder on this property will be required to sign the Real Estate Sales Contract, Terms & Conditions and any other documents needed, upon conclusion of the bidding and will make an earnest money deposit of ten percent (10%) of the sales price. A ten percent (10%) buyer’s premium will be added to the high bid to establish the total sales price. US currency cash or approved check. The balance is to be paid in full at the deed closing. By bidding you are entering into a binding agreement.
Foothills Title will be conducting the closing. Current taxes, will be prorated at the date of closing, unless otherwise specified. Seller to provide deed. Buyer is responsible for title opinion, title insurance & recording fees. Buyer is responsible for HOA requirements, transfer fees, membership fees, if applicable. Title company closing cost to be split between buyer & seller. Buyer is to obtain his/her own financing. Closing to occur on or before November 20th, 2026.
The contract will not be contingent upon financing, inspections or any other contingencies.
Powell Auction & Realty LLC and its auctioneer(s) and employee(s) are representing the seller(s) as the sellers Agent(s).
All properties are sold “AS IS, WHERE IS and WITH ALL FAULTS”, without any warranties expressed, implied or guarantees of any kind. Agent represents the seller only and does not inspect properties on bidder’s behalf. All measurements, square footage & age are approximate and not guaranteed. Seller and or Agent makes no warranty as to accuracy of information. All information is deemed reliable, but not guaranteed, buyer to verify ALL information, to their satisfaction before bidding. Tennessee Residential Property Exemption and Lead-Based Paint Waiver will be part of the sales contract. Any remaining personal property will convey at closing. **Powell Auction reserves the right to withdraw, without notice, any items in the auction at any time.**
Thank you for participating in this Powell Auction & Realty LLC Online Auction.
It is important that you familiarize yourself with these terms & conditions of Sale. If you do not agree with any of the terms and conditions stated, DO NOT BID. You will be bound by these terms and conditions. Good luck and good bidding. Agent/Auctioneer may withdraw, extend, or rearrange any property and or item(s) at their sole discretion at any time, without notice and will not be liable for any computer, internet or website malfunctions. Bidding may extend, if bids are placed within the last minute, to prevent bid sniping. Powell Auction & Realty LLC will have up to 7 DAYS to provide the Buyer with any documents to be signed, after the auction has ended. Payment must be made within 48 Hrs after being contacted by Powell Auction & Realty LLC. All properties are sold “AS IS, WHERE IS and WITH ALL FAULTS”, without any warranties expressed or implied or guarantees of any kind. Agent represents the seller only and does not inspect properties on bidder’s behalf. All information is deemed reliable, but not guaranteed, buyer to verify ALL information, to their satisfaction before bidding. We do not approve any international bidding. It is up to the auctioneer to approve or disapprove bidders.
New Bidders, please Pre-Register, we will have to approve you to Bid!
