8541 Asheville Hwy, Knoxville, TN 37924 (MLS# 1356515)

8541 Asheville Hwy, Knoxville, TN 37924

Property Type: Commercial Square Footage: 2,457 Lot Size (sq. ft.): 66,211 Status: Active

List Date: 9/23/2026 Last Modified: 9/23/2026

Overview

Description

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 flexibili ... (Read more) 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

Listing Details MLS# 1356515

Location Tax Legal Info

House #: 8541
Street Name: Asheville
St Suffix: Hwy
State/Province: TN
Zip Code: 37924
PIN #: 062 209

Contract Info

Auction Y/N: Yes

General Property Description

SqFt - Total (Aprox): 2457
Lot Dimensions: 1.52+/- acres
Acres: 1.52
# of Buildings: 2
Stories: Yes
Zoning: CA
# Parking Spaces: 20
Condition: Good
Restrictions: Yes
Property Status: N/A

Status Change Info

Status Change Date: 2026-09-23

Auction

Bidder Must Qualify: Yes
Buyers Premium: Yes
Buyers Premium %: 10
Remote Bidding: Yes
Real Estate Only: Yes
RE & Personal Prop: No
Auction Date: 2026-10-21
Auction Location: Online Bidding Only
Auction Time: 12:00PM - Noon (ET)
Open for Inspection Date: 2026-10-19

More Information

Property Features

Commercial Type: Commercial Road Access: Public Road; State Highway Utilities on Site: Electric; Public Water; Sewer Additional Info: Other Fuel: Electric Heat: Central; Other Cooling: Central Cooling; Window Unit(s) Location: Central Busns Area Construction: Concrete Block Easements: Other Expenses Included: Other New Financing: Cash; Conventional Showing: See Agent Instructns

IDX

Listing Office: Powell Auction & Realty,LLC

Last Updated: September - 23 - 2026

The data relating to real estate for sale on this Web Site comes from the IDX Program of the East Tennessee REALTORS® Multiple Listing Service. © Copyright 2026 All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. This information is updated daily, however, some of these properties may subsequently have sold and may no longer be available. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision.

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8541 Asheville Hwy, Knoxville, TN 37924 (MLS# 1356515)