Priority Real Estate

MLS # 217880
Listing ID # 53572305
Price: $1,200,000
Approx. Lot Size: 3.98 Acres
8,549 Sq. Ft.
Year Built: 1975

Property Type: Commercial Property
   8028 Chapman Hwy
   Knoxville, TN 37920

County: Knox
Real Estate for Sale, ListingId:53572305, location: 8028 Chapman Hwy Knoxville 37920
A rare opportunity to buy 657.40 feet of frontage on Chapman Hwy in the hot South Knoxville area. Seller has been in business at this location for nearly 30 years. Sale consists of 3.98+/- acres with 3 buildings. More acreage available for a total of 12.70 +/- Building 1 is 4000 sq ft currently used as a auto repair, salvage and used car lot. Five overhead garage doors. Waste oil heater. secured fenced area. Paved frontage with lighted sign and reader board. Customer waiting area. 8 lifts including 2 twin post, 3 drive in on center post lifts and 3 center post lifts. Public water. On septic with force fed sewer at road. Buildings 2 and 3 are combined 1760 sq ft and 2789 sq. ft. and include 2 center post lifts, 5 overhead doors, upstairs storage area, secured fenced area and mor. All mounted items go with business and buildings. Other items negotiable including licenses for waste water permit, salvage license and dealership license. Building 2 is rented for $1000 a month. Several utility vehicles can also be purchased. The property attaches to another 8.72 acres that can be sold along with the Chapman frontage property for an additional $325,000. This acreage has three rental properties on them including a 4-room farmhouse that rents for $800 a month, a 3 bedroom 3 bath brick home that rents for $1000 a month, and a 1 bedroom 1 bath mobile home that rents for $550 per month. Total combined acreage 12.70 +/- Keep as existing business with a customer base of approximately 200 clients or develop. Would be a great location for apartments, hotel or restaurant. Additional acreage can not be sold separately. Only sold with frontage. Rental and business income. On septic, sewer at road.

Offered by Michele Karl of Priority Real Estate View Phone Number (865) 384-1820 .

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Additional Features

  • Building Features
    • Heating System: Other Heating, Wall Heating Unit
  • Legal/Financial
    • Taxes: 2806.0000
  • Location
    • MLS Area: South Knoxville
  • Lot Features
    • Sewer Utilities: Existing Septic