Former Knox Auto Parts/Moore’s Lumber on Clinton Highway Sells (Camo Painted Civic Not Included)


6226 Clinton Highway
Knoxville, TN 37912
Submarket: North/Broadway

2015-10-05 10.30.15 HDR

+/-  37,500 square foot building(s)
Land Area (SF): 269,636.40 SF
Land Area (AC): 6.19 AC

Frontage: 465′ on Clinton Highway
Traffic Count: 26,150 AADT
Use: Commercial/Industrial

Sale Price: $1,035,000
Sale Type: Owner/Occupier
Price/SF: $31.33/SF
Price/Land SF: $3.84/SF

Recorded Buyer: Withheld
Recorded Seller: JTT Land Holdings, LLC
Buyer Broker: N/A
Seller Broker: NAI Knoxville – Sam Tate & James Roberson
Occupancy at time of sale: 0%

Sources: Knox County Register of Deeds Office, Costar, Courthouse Retrieval System, KGIS, TDOT

Information Deemed Reliable, But Not Guaranteed

Real Estate News Update

Chipotle Coming to Oak Ridge – News Sentinel Staff, Knoxville News Sentinel
A Chipotle Mexican Grill is locating in a new retail development on South Illinois Avenue that also includes an Aspen Dental office, Great Clips and a Pie Five pizzeria. Read More

The Marble City Kitchen and the Firefly Open at the Hilton – Knoxville Urban Guy
Have you noticed the fuss outside the Hilton? The courtyard which for years has been more or less unattended is suddenly much more attractive, with interesting heavy-duty latticework looming above the space. Stadium-style seating… Read More

Retailers Raise Number of Store Openings Planned for the Next Two Years – Elaine Misonzhnik, NREI
Worries about the fallout from Chinese economic troubles notwithstanding, U.S. chain retailers upped the number of stores they plan to open in the short term, according… Read More

Big Chunk of Land Across from McGhee Tyson Airport Sells

Alcoa Hwy_2844(1)

2844 Alcoa Highway
Alcoa, TN 37701

Alcoa Hwy_2844(2)

Land Area (SF): 514,443.60 SF
Land Area (AC): 11.81 AC
Use: Multi-use Commercial

Frontage: 870′ on Alcoa Hwy
Traffic Count: 52,174 AADT on Alcoa Hwy

Sale Price: $925,000
Sale Type: Development
Price/Acre: $78,323.45/AC
Sale Date: May 27, 2015
Recorded Buyer: Hodge Family Ltd Partnership
Recorded Seller: Waggoner Development Co
Buyer Broker: Coldwell Banker Wallace & Wallace | Dick Bales
Seller Broker: Coldwell Banker Wallace & Wallace | Dick Bales

Zoning: General Business E; Planned Commercial Unit Development – E1 Regulations

Sources: Knox County Register of Deeds Office, Knoxville Area Association of Realtors, Costar, Courthouse Retrieval System, KGIS, TDOT

Information Deemed Reliable, But Not Guaranteed

Real Estate News Update

Blount County Eye Center opens $2.1M facility
Blount County Eye Center on Monday opened a new $2.1 million expanded facility to accommodate the growing father-and-son practice.   KNS

Jewelry TV wants tax deal with Knox County
Jewelry Television wants to make a permanent home in Knox County, and wants the county commission to help by approving a tax deal for a property purchase.   KNS

Peerless Restaurant re-brands to K-town Tavern and will feature 40 craft brews
Within the next seven weeks Knoxville will be saying goodbye to the landmark bull statue that welcomes guests to the Peerless Restaurant, 320 N. Peters Road, and hello to a new sign announcing the opening of K-town Tavern.   KNS

A Tour of and Conversation about the Kern’s Bakery Building
Recently Urban Woman and I were fortunate enough to be invited to join friends Karen, John, Robin and Chris for a tour, just over the Henley Bridge, of the Kern’s Bakery Building with David Dewhirst as our guide. Karen won the tour in the silent auction in June at the Community Design Center event. We all enjoyed the tour – which David graciously extended beyond two hours as he spun stories of development, redevelopment and the general craziness that goes on in a city.   Inside of Knoxville

Former WNOX building to be auctioned
The 16,106-square-foot building is located at 4400 Whittle Springs Road. According to Knox Heritage, WNOX moved its studios to the property in 1955, and it played host to music programs including The Midday Merry-go-Round.   Bricks and Mortar

Alliance Brewing Company Nears Opening Date
The latest business gearing up for a late August opening along this stretch of road is Alliance Brewing Company. The opening has been a long time coming. Head brewer Adam Ingle told me they hatched the plan for the brewery literally years ago and thought it would have long been open before now. Turns out it’s complicated to open any business and probably more so a brewery.   Inside of Knoxville


Another Site on Bearden Hill Sells

Kingston Pike_6508_Barr

6508 Kingston Pike
Knoxville, TN 37919
Submarket: Bearden/Papermill/West Town

Kingston Pike_6508_Barr(2)

+/- 10,964  square foot building
Land Area (SF): 20,083 SF
Land Area (AC): 0.46 AC

Frontage: 120′ on Kingston Pike
Traffic Count:  AADT
Parking spots: approx. 10

Sale Price: $530,000
Sale Type: Investment
Price/SF: $48.34/SF
Price/Land SF: $26.39/SF

Recorded Buyer: Peoples Development Co. Inc.
Recorded Seller: Jean Barr
Buyer Broker: Tony Cappiello | Cappiello Real Estate
Seller Broker: Scott Smith | Volunteer Realty
Occupancy at time of sale: 0%

Sources: Knox County Register of Deeds Office, Costar, Courthouse Retrieval System, KGIS, TDOT

Information Deemed Reliable, But Not Guaranteed

Real Estate News Update

Former Old City costume shop may be razed in favor of new development
The building that housed Big Don the Costumier, once an Old City mainstay and go-to for Halloween and masquerade apparel, may soon come down with a little incentive from the city.    Read More

Roundup of new restaurant offerings
More food options are coming to the 400 block of Gay Street, with Archer’s BBQ announcing it will complete the tenant mix in the J.C. Penney building.    Read More

Del Taco to open 10 restaurants in the area
The Del Taco Mexican quick-service restaurant brand announced today it plans to open 10 locations in the Knoxville area by 2021.    Read More

Blackhorse brewery seeks to expand
Blackhorse Pub & Brewery just marked its second anniversary at Western Plaza, but is already dealing with growing pains that have the owners mulling the possibility of a move.
Read More

Commercial Property Continues to Sell on Kingston Pike

Kingston Pike_10800_Saplings

10800 Kingston Pike
Knoxville, TN 37934
Submarket: Campbell Station/Farragut

+/- 2,324 square foot building
Land Area (SF): 65,340 SF
Land Area (AC): 1.5 AC

Frontage: 230′ on Kingston Pike
Traffic Count: 33,010 AADT
Use: Garden Center

Sale Price: $1,250,000
Sale Type: Investment
Price/SF: $537.87/SF
Price/Land SF: $19.13/SF

Recorded Buyer: Mohinder Sud, trustee & Maharaj Trust
Recorded Seller: Shuler Investments LLC
Buyer Broker: None
Seller Broker: Roger M. Moore, Jr. | Sperry Van Ness/R.M. Moore, LLC
Closing Date: July 2, 2015
Occupancy at time of sale: 100%

Sources: Knox County Register of Deeds Office, Costar, Courthouse Retrieval System, KGIS, TDOT

Information Deemed Reliable, But Not Guaranteed

Real Estate News Update

Urban Land Institute | Oakwood tour set for July 21
An ambitious redevelopment project in North Knoxville will be open for tours on Tuesday evening. The Urban Land Institute is hosting a project tour of Oakwood Senior Living, at 232 E. Churchwell Avenue, from 5 to 7 p.m.   Read More

As downtown grows, support organizations shift efforts
After their youngest daughter moved out of the house two years ago, Robin Thomas and her husband, Chris Crouch, decided they wanted to move from Memphis to a city with a vibrant downtown. Knoxville wasn’t on the list.   Read More

Jeffrey Nash plans office project on Sixth Ave.
A former industrial building near the Standard Knitting Mill has been purchased by developer Jeffrey Nash. The Courtland Group paid $285,000 for the property at 1132 N. Sixth Avenue, according to a deed filed with Knox County.   Read More

‘Serious’ interest shown in developing Andrew Johnson Building
By the time developers are done with the Andrew Johnson Building, Liberace, Betty Grable and Hank Williams Sr. wouldn’t even recognize it. From upscale apartments to a boutique hotel with more than 200 rooms and a spa, seven developers have shared their ideas of what they would do with the now 85-year-old, 18-story former luxury hotel.
Read More

New grocer to locate its second store in Oak Ridge
A new grocery store is opening soon in east Oak Ridge, and it’s only the second one of its type in the nation. Hank’s Grocery is setting up shop in the former Food Lion space in Briarcliff Square off Emory Valley Road, and the grand opening is Aug. 25. Food Lion closed that location last year as part of a reorganization.   Read More

Hibachi Grill on Kingston Pike Sold

9645 Kingston Pike_Hibachi

9645 Kingston Pike
Knoxville, TN 37922
Submarket: Pellissippi/Lovell

9645 Kingston Pike_Hibachi(2)

+/-  8,220 square foot building
Land Area (SF): 100,188 SF
Land Area (AC): 2.30 AC

Frontage: 115′ on Kingston Pike
Traffic Count: 27,306 AADT
Parking spots: approx. 180
Use: Restaurant

Sale Price: $1,900,000
Sale Type: Investment
Price/SF: $231.14/SF
Price/Land SF: $18.96/SF

Recorded Buyer: W. Landing LLC & Rosebud Inc.
Recorded Seller: A. and M. Enterprises Inc.
Buyer Broker: N/A
Seller Broker: N/A
Occupancy at time of sale: 100%

Sources: Knox County Register of Deeds Office, Costar, Courthouse Retrieval System, KGIS, TDOT

Information Deemed Reliable, But Not Guaranteed

Real Estate News Update

Vine Avenue Rowhouses Downtown to Break Ground in October
It’s a point of continual discussion among downtown residents and would-be residents: There are not enough homes on the market in the downtown area.    Read More

Doc’s All American Grille under new ownership
After two years, Doc’s All American Grille is under new ownership and plans call for the West Knoxville restaurant and bar to reopen as a new concept.    Read More

‘Enough is enough’: Delays enrage stranded Jackson Square merchants
A dozen merchants stranded behind fences during a major upgrade of a historic square in Oak Ridge were at first patient and a bit upbeat last month when the work’s wrap-up seemed in sight.    Read More

UT adds $10 million to funds for student union
The University of Tennessee’s largest single construction project just became more expensive. The $167 million UT Student Union will now cost $177 million.    Read More

Homes on the lake offer peaceful living, and looks from TVA
You never have to worry about watering your lawn when your front yard already is a lake. No need for a lawn mower, hedge trimmers or any of that when you have a houseboat or a floating home. You can invite the neighbors over for a cookout and watch the fish go by.    Read More

Land Sells in Rocky Hill Area for New Residential Development


8601 S Northshore Drive
Knoxville, TN 37922
Submarket: Bearden/Papermill/West Town

Land Area (SF): 687,374 SF
Land Area (AC): 15.78 AC

Frontage: 630′ on Northshore Drive
Traffic Count: 15,233 AADT
Use: Future Development

Sale Price: $1,200,000
Sale Type: Development
Price/Land SF: $1.75/SF
Price/Acre: $76,045.63/AC
Sale Date: May 8, 2015
Recorded Buyer: Mesana Investments LLC
Recorded Seller: Patricia Johnson, secretary-treasurer, and Woodrow Kirby trust
Buyer Broker: N/A
Seller Broker: N/A

Zoning: Planned Residential < 3.15 DU/AC

Sources: Knox County Register of Deeds Office, Costar, Courthouse Retrieval System, KGIS, TDOT

Information Deemed Reliable, But Not Guaranteed

Real Estate News Update

After call for proposals, UT still without resident for Williams mansion
After months of searching, the University of Tennessee has yet to find a resident who is a fit for the Eugenia Williams mansion and property.   Read More

Dura-Line manufacturer to expand Knoxville-based headquarters
Dura-Line, a global manufacturer and distributor of high-density polyethylene pipes and conduits for the energy and telecom sectors, has announced plans to expand its Knoxville headquarters.   Read More

Wild Wing Cafe to open in former J’s Mega Mart
The space that once occupied former longtime downtown retail shop J’s Mega Mart will soon be home to the Knoxville area’s second Wild Wing Café location.   Read More

Work continues on J.C. Penney building
When the owners of Jackson, Miss.-based Babalu Tacos & Tapas look to enter a new market, they set their sights on what they describe as fun and energetic areas that are making a comeback. Bill Latham, Babalu co-founder and president of its parent company Eat Here Brands, said they found what they were looking for in their fourth location in the former J.C. Penney building on Gay Street in downtown Knoxville.   Read More

Knoxville’s amenities drawing more visitors
Knoxville is undergoing a transformation. Just a few years ago, many visitors merely stopped in the area on a way to someplace else. If they stayed, it was likely for a business meeting, convention or football game.   Read More

City moves to make food truck permitting process permanent
Knoxville plans to make its food truck permitting program permanent. City staff are drafting an ordinance that would make it easier to enforce the roughly year-old pilot program aimed at regulating mobile food vendors.   Read More

105 new jobs coming to Calhoun, TN
One-hundred and five new jobs are coming to the Calhoun, TN area as Resolute Forest Products expands their current operations. The $270 million expansion will be at its pulp and paper mill located in Calhoun. Resolute Forest Products one of McMinn County’s largest employers.   Read More

Knoxville home to “hot” housing market
For first time buyers and for seasoned homeowners, realtors claim the market in Knoxville is a hot one. Houses in Knox County spend an average of 71 days on the market, said Knoxville Area Association of Realtors 2015 president Sally Sparks. Mix that with a consistently low interest rate for buyers and it makes a perfect storm for the market.
Read More


Former Cici’s Pizza Building on Kingston Pike Sold

Kingston Pike_8414_Cici's Pizza

8414 Kingston Pike
Knoxville, TN 37919
Submarket: Cedar Bluff/Walker Springs

Cici's Pizza bldg

+/-  4,610 square foot building
Land Area (SF): 42,207 SF
Land Area (AC): 0.97 AC

Frontage: 175′ on Kingston Pike
Traffic Count: 28,981 AADT
Parking spots: approx. 76
Use: Restaurant

Sale Price: $1,475,000
Sale Type: Investment
Price/SF: $319.96/SF
Price/Land SF: $34.95/SF
Sale Date: May 19, 2015
Recorded Buyer: Raj Baljepally & Gayathri Baljepally
Recorded Seller: John Turley
Buyer Broker: Unknown
Seller Broker: First Commercial Real Estate
Occupancy at time of sale: 0%

Sources: Knox County Register of Deeds Office, Costar, Courthouse Retrieval System, KGIS, TDOT

Information Deemed Reliable, But Not Guaranteed

Real Estate News Update

UT’s record $1B building plan transforming campus
Massive construction cranes and steel frames dot the University of Tennessee landscape as a record $1 billion makeover is transforming the look and feel of its campus.
Read More

Downtown Knoxville church relocating after 100 years
A downtown Knoxville church celebrated its 100th anniversary at its building at Fifth Avenue and Gay Street. It was a bittersweet service though, as it was one of their last. First Christian Church sold the building to Dewhirst Properties a few months ago. Rev. Tyler Thompson said finances were part of that decision.    Read More

Reruns Boutique Announces Its Closure
Founded twenty-nine years ago, the business has essentially moved up and down Union Avenue, starting on the 400 block in the now-missing Sprankle Building, through the corner spot at Union and Market Square and, starting in 2010, in the Daylight Building. It’s interesting to consider that she started in a building doomed for demolition and ended in one that could easily have suffered the same fate, but instead has be brought back to life.
Read More

First Watch Restaurants acquires The Egg & I
First Watch Restaurants Inc. has acquired The Egg & I Restaurants, the company said Wednesday, in a deal that merges the two largest chains in the burgeoning breakfast-and-lunch segment.    Read More

Jimmy John’s preparing IPO
Jimmy John’s Gourmet Sandwiches is preparing for an initial public offering, in a deal that would bring one of the fastest-growing, large-scale restaurant chains to the public markets. The deal would value Jimmy John’s at more than $2 billion, including debt, according to Reuters.   Read More

Shell Station on Cumberland Avenue Sells


2001 Cumberland Ave
Knoxville, TN 37916
Submarket: Downtown


+/-  2,534 square foot building
Land Area (SF): 29,127 SF
Land Area (AC): 0.67 AC

Frontage: 191′ on Cumberland Ave
Traffic Count: 18,825 AADT
Parking spots: approx. 26
Use: Shell Service Station

Sale Price: $2,250,000
Sale Type: Investment
Price/SF: $887.92/SF
Price/Land SF: $77.25/SF
Sale Date: May 7, 2015
Recorded Buyer: Boghani Properties LLC
Recorded Seller: Rocky Top Properties LLC
Buyer Broker: N/A
Seller Broker: N/A
Occupancy at time of sale: 100%

Sources: Knox County Register of Deeds Office, Costar, Courthouse Retrieval System, KGIS, TDOT

Information Deemed Reliable, But Not Guaranteed

Real Estate News Update

Historic Christenberry home torn down
The second story of a century-old craftsman home fell into the first Tuesday afternoon, sending a plume of dust into the air.   Read More

San Francisco-based Vendini opens Knoxville office
A $1 billion Silicon Valley company that provides ticketing services for live events opened a Knoxville office on Tuesday as it looks to expand its festival business.   Read More

Outdoor rock climbing area opens at Ijams Nature Center
Benjy Darnell was mountain biking in Knoxville’s Urban Wilderness a few winters ago when an abandoned marble quarry caught his eye.    Read More

Battle At the Top: What a Merged Cushman/DTZ Holds in Store for Global CRE Services
The news this week that DTZ will buy Cushman & Wakefield from Exor S.p.A. in a deal valued at $2.04 billion has produced a flurry of analyst speculation over how the combination will affect the global balance among the top CRE services firms in the world.
Read More

Southeast Cinemas to open 14-screen theater in Sevier County
Charlotte, N.C.-based theater company Southeast Cinemas is building a multimillion dollar, 14-screen movie complex just off the Parkway in Sevierville.    Read More

Rezoning request postponed for Farragut apartments
The developer who seeks to build a $37 million upscale apartment complex in Farragut is postponing a request to change the property’s zoning.    Read More

Moonshine tourism creates positive impact, challenges for city
In a sleepy little town known for handmade candles, wood-carved signs and airbrushed T-shirts, will the next big souvenirs be a Mason jar and an “I got trashed in Gatlinburg” shirt? With four moonshine distilleries now open in the tourist-dependent town, will pedestrian-friendly sidewalks be filled with people staggering from one “free tasting” to the next?
Read More

NAI Knoxville Sells Two Tenant Retail Investment Property in Turkey Creek



11139 Turkey Drive


11139 Turkey Drive
Knoxville, TN 37934
Submarket: Campbell Station/Farragut

+/-  10,500 square foot building
Land Area (SF): 42,247 SF
Land Area (AC): 0.97 AC

Frontage: 138′ on Turkey Drive; 133′ from I-40/I-75
Traffic Count: 19,809 AADT on Parkside Dr in Turkey Creek; 112,256 AADT on I-40/I-75
Parking spots: approx. 24
Use: Retail

Sale Price: $1,500,000
Sale Type: Investment
Price/SF: $142.86/SF
Price/Land SF: $35.51/SF
Price/Land AC: $1,546,391.75/AC
Sale Date: April 24, 2015
Recorded Buyer: Cherebshaw LLC
Recorded Seller: William & Marjorie Jones
Buyer Broker: Cushman & Wakefield | Long Island – David Madigan
Seller Broker: NAI Knoxville – Brian Tapp
Occupancy at time of sale: 100%

Tenants: All American Mattress & Iron Tribe Fitness

Sources: Knox County Register of Deeds Office, Costar, Courthouse Retrieval System, KGIS, TDOT

Information Deemed Reliable, But Not Guaranteed

Real Estate News Update

K-Town Swing Puts a Spring in Downtown’s Step
It turns out that swing dancing originated in Harlem in the 1920’s. Other variations include Balboa, Lindy Hop and Charleston.  The Carolina Shag is a variant of the Lindy Hop and the music and dance evolved together as it spread across the country.   Read More

Ellen Turner Dies at 87; Opened Kitchen to Feed the Needy of Knoxville
Ellen Turner, who with her twin sister founded the Love Kitchen, which feeds several hundred people a week and drew national attention, died here on Wednesday. She was 87.   Read More

Outlet Malls Move Closer to Cities in Upending of Rules
The Fashion Outlets of Chicago mall offers a glimpse into the anything-goes future of the retail industry.   Read More

Americans’ Spending on Dining Out Just Overtook Grocery Sales for the First Time Ever
Pass the menu, hold the shopping cart. Grocery stores are finding it harder to make headway with shoppers as a surge in spending at restaurants over the past several months signals Americans are more likely to ditch the brown bags in favor of doggy bags. Read More

University of Tennessee renovating 90-year-old industrial site
A former industrial site on Sutherland Avenue is getting new life as a University of Tennessee support services building.   Read More

Dollywood is still young and fun at 30
Thirty tourist seasons ago as the theme park Silver Dollar City transformed into Dollywood, now-longtime employee Charley Reynolds thinks folks came expecting to see Dolly Parton.   Read More

Kingston Pike Sale Comp – Bearden Hill




6700 Kingston Pike
Knoxville, TN 37919
Submarket: Papermill/Bearden/West Town

+/-   2,576 square foot building
Land Area (SF): 16,191 SF
Land Area (AC): 0.37 AC

Frontage: 145′ on Kingston Pike
Traffic Count: 28,981 AADT
Parking spots: approx. 12
Use: Oil Change Service Station

Sale Price: $667,627
Sale Type: Investment
Price/SF: $259.17/SF
Price/Land SF: $41.23/SF
Price/Land AC: $1,804,397.30/AC
Sale Date: March 9, 2015
Recorded Buyer: Ashland Inc
Recorded Seller: Four Ten Investments LLC
Buyer Broker: N/A
Seller Broker: N/A
Occupancy at time of sale: 100%

Sources: Knox County Register of Deeds Office, Costar, Courthouse Retrieval System, KGIS, TDOT

Information Deemed Reliable, But Not Guaranteed

Real Estate News Update

Diocese breaks ground for new cathedral
While the rain kept many inside Sunday, some people braved the weather for a higher calling. The groundbreaking ceremony for a new, nearly $30 million cathedral for the Roman Catholic Diocese of Knoxville was attended by a few hundred Knoxville-area residents and community leaders.    Read More

Wilson Fine Gardens expands into retail
Sometimes it’s worth a trip off the main road.
That’s where Greg Wilson said he found the perfect place to expand his landscaping and horticultural services business to include a boutique retail shop and garden center.
Read More

A Bowling Alley on Gay Street? Yes! Maple Hall Coming Soon
You’ve heard the rumors about a bowling alley. I sat down with the owners of the business to get the facts about the new business. They aren’t the most likely friends to open the first downtown bowling alley in Knoxville’s history.    Read More

Auto-related jobs boosting pay of ET workers
Automotive manufacturing is not the dirty job it used to be, says Randy Boyd, the longtime Knoxville business executive who’s now Tennessee’s commissioner of economic and community development.    Read More

Introducing “Shedquarters”: The Hot New Trend Home-Based Business Owners Are Drooling Over
Space-efficient work spaces are becoming all the rage these days. They’re great for maintaining privacy and uninterrupted workflow, and they can also be cozy and stylish as well. Here are some examples of a growing trend of miniature studios (for offices and living structures), that are small enough to fit in someone’s back yard.    Read More

In NYC, debate over saving small shops amid chains’ rise
Looking for a “Seinfeld”-style coffee shop? It’s sharing the city with 280 Starbucks and more than 530 Dunkin Donuts. A good neighborhood deli? It’s competing with some 460 Subways. And the corner store may well now be a Chase bank or Walgreens.
Read More