AS IS Furniture Store

Retail-Commercial for Sale
Catylist Listing ID: 30642812
Property Subtypes: Free-Standing Building, Street Retail
Building Size (RSF): 20,525 SF
Gross Building Area: See Agent
Gross Land Area: 1.34 Acres
Sale Price: $899,900
Unit Price: $43.84 PSF
Ceiling: 16 ft.
In Opportunity Zone? Yes
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/22/2020

Overview / Comments

Long time location for AS IS Furniture. This is a corner at the corner of W Morris Blvd and S Mill Street with 1.34 AC and traffic counts approaching 19K cars per day. Zoning is Civil Business District with multiple uses. Surrounding businesses iclude Walgreens, Regions Bank, Dairy Queen, Healthstar Physicians, and Morristown ever growing Downtown Business District

Additional Details

Nearest MSA: Morristown
County: Hamblen
Taxing Authority: Morristown
Tax ID/APN: 032034P A 00200
Retail Clientele: General, Recreation
Property Located Between: Property is boarded on the West by Fred Miller Park and the East by Regions Bank's Primary location in Morristown.
Property Visibility: Excellent
Largest Nearby Street: Morris Blvd
Feet of Frontage: 504
Traffic/Vehicle Count: 18,796
Highway Access: Morris Blvd runs from West Andrew Johnson Hwy thru the center of town. Morris Blvd is the City's busiest thoroughfares from West to East.
Airports: Morristown Regional Airport, MdGee Tyson Knoxville & Tri-Cities Regional in Johnson City
Site Description: Level lot with all utilities provided easy access building has Drive-In and Ground Level Doors
Area Description: Morristown is the County seat of Hamblen Co. Morristown is the principal city of the Morristown MSA which includes Hamblen and Jefferson Co. Hamblen Co sits centrally located between eight counties and is the regional HUB for employment, shopping recreation, healthcare, shopping, recreation, healthcare and education opportunities. Morristown was just recently voted the sixth best City of its pier size in relations to employment growth and livability. Recently an article that showed Morristown MSA as having the leading home price index appreciation of all MSAs in Tennessee.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 20,525 SF
Property Condition: Average
Year Built: 1945
Roof Type: Other
Construction/Siding: Brick
Parking Type: Surface
Sprinklers: None
Heat Type: Electricity
Heat Source: Ceiling Units
Internet Access: Cable
Zoning Description: CBD Commercial
Lot Frontage: 504
Lot Depth: 206
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Land Ownership: Fee Simple
Legal Description: NA

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,397 29,660 45,909
Median Age: 34.19 37.03 38.71
Households: 3,505 11,615 18,030


Photograph of Listing Agent

Terry Ball

Re/Max Real Estate Ten
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