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Lowe's Auto Parts 1021 E Hendron Chapel Rd 15,310 SF Industrial Building Knoxville, TN 37920 $1,950,000 ($127.37/SF)
Investment Highlights
- 24.15 acres of level and partially cleared land in South Knoxville with multiple revenue-producing assets onsite.
- Features multiple structures, including an industrial facility with operating bays, offices, and additional garages.
- Dual zoning of Industrial and Agricultural, with sewer available at street for further development potential.
- Established licenses for salvage, dismantler/recycler, and dealer operations included with purchase.
- Includes residential and rental income units: a single-family home, two manufactured homes, and a studio apartment.
- Convenient access to primary highways, downtown Knoxville, and the University of Tennessee campus.
Executive Summary
The property features a large industrial facility with front shop space, office space, and multiple operating bays designed for dismantling and recycling vehicles. Supporting improvements include:
-A single-family residence (1965 construction).
-Two manufactured homes that generate consistent rental income.
-A studio apartment (currently rented) with a large garage/workshop space below.
-An additional commercial garage with attached office space, also tenant-occupied.
Current zoning includes Industrial and Agricultural, offering a wide range of potential uses. The site benefits from established salvage, dismantler/recycler, and dealer licenses, providing an immediate operational advantage for automotive, recycling, or industrial businesses.
Beyond existing operations, this property presents outstanding development potential. With sewer available at the street, over 24 acres of usable land, and proximity to major transportation routes, universities, and rapidly growing communities, the possibilities are significant—whether for continued commercial use, expansion into complementary businesses, or long-term land development.
Both parcels (Parcel ID: 125 28003 & 125 280) convey with the sale, offering flexibility and scale. Properties of this size and utility, with multiple income-producing assets already in place, rarely come to market.
Call today for additional details or to schedule a private tour.
Taxes & Operating Expenses (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
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| Total Expenses |
$99,999
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$9.99
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Taxes & Operating Expenses (Actual - 2025) Click Here to Access
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| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
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| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
About 1021 E HENDRON CHAPEL RD , KNOXVILLE, TN 37920
This 24.15-acre property in South Knoxville offers a rare combination of operational revenue, strategic location, and substantial development potential. Currently operating as a long-standing salvage yard with established dismantler, recycler, and dealer licenses, the site provides an immediate advantage for automotive or industrial enterprises. The property is uniquely configured with multiple structures, including a large industrial building with shop and office space, several commercial garages, and tenant-occupied units—among them two manufactured homes and a studio apartment with a connected garage/workshop, all generating rental income. Zoned for both Industrial and Agricultural use, the site supports a wide range of present and future uses. Accessibility is another key benefit: situated near key transportation routes and minutes from downtown Knoxville, the University of Tennessee, and thriving residential communities. With sewer availability and extensive level land, the parcel is well-suited for expansion, redevelopment, or continued industrial operations. This opportunity represents flexible utility in a growth region where assets of this scale rarely come to market.
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $327,120 |
Property Taxes
Presented by
Keller Williams Signature
Lowe's Auto Parts | 1021 E Hendron Chapel Rd
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