815-291-9250
8019 Asheville Hwy, Knoxville, TN for Sale
Residential LAND - FOR SALE
1/8
1,156,082 SF

8019 Asheville Hwy
Knoxville, TN 37924


HIGHLIGHTS

  • Luxury BTR Product by Award-Winning Homebuilder
  • Strong Renter-by- Choice Demographics
  • Knox County Tax Savings
  • Knoxville’s Continued Outward Expansion

OVERVIEW

Eastwood Townhomes presents a unique opportunity to acquire a luxury build-to-rent community developed by D.R. Horton — America’s leading homebuilder — in one of the Southeast’s most compelling and consistently growing mid-market metros. Positioned along the Asheville Highway corridor in East Knoxville, the community delivers an institutional grade, townhome rental product in a submarket characterized by above average household income, low resident turnover, structural renter demand, and a rapidly expanding employment base. The immediate trade area reports a median household income of $86,758 — 60% above the city of Knoxville median number. Homeownership in this corridor is economically inaccessible for a large share of working families: median home sale prices within 5 miles have reached $386,500, and prevailing 30-year mortgage rates translate to monthly carrying costs of $2,400–$2,600 — well above the subject’s proforma average rent of $2,173. This affordability gap is the engine of durable occupancy. The broader market context is equally favorable. Knox County is the second-fastest growing county in Tennessee, the Knoxville MSA is on pace to surpass one million residents, and the Asheville Highway corridor has been formally designated as a priority redevelopment corridor in the county’s newly adopted 20-year comprehensive plan. A concentrated cluster of catalyst investment — including the $114M Covenant Health Park, Greenheck Group’s $300M manufacturing campus, and multiple private-sector expansions — is expanding the local employment base in the skilled-trades and workforce segments that de?ne the immediate renter demographic. The property’s location in unincorporated Knox County further enhances investment returns through a materially lower property tax burden, generating an estimated annual savings of approximately $275,000 relative to a comparable in-city asset. Together, the demographic pro?le, product quality, structural rental demand, and favorable tax positioning establish a compelling risk-adjusted investment thesis.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Eastwood Townhomes

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Multi-Family

LAND ACRES

26.54 AC

LAND SF

1,156,082 SF

OFFSITE IMPROVEMENTS

-

ZONING

-

APN/PARCEL ID

062-16305

ASK ABOUT THIS PROPERTY

Jordan ArandNorthmarqMore Info
815-291-9250

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Jordan ArandNorthmarqMore Info
815-291-9250

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.