Historic Downtown Morristown - Opportunity Zone!

Retail-Commercial for Sale
Catylist Listing ID: 30642980
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Street Retail, Tavern/Bar/Nightclub, Other
Building Size (RSF): 22,050 SF
Gross Building Area: See Agent
Sale Price: $459,900
Unit Price: $20.86 PSF
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/29/2022

Overview / Comments

Constructed in about 1920; Historically, known as Morristown Grocery Co. and now a vacant building in Historic Downtown Morristown Central Business District ready for new purpose!

- 22,050 SF with approx. 3500 SF Basement
- Three stories
- Elevator
- 3 Phase Power
- Fire Sprinkler System (Dry) throughout – New in 2007
- Covered Back Patio
- Opportunity Zone
- Heavily trafficked, nearby busy intersection averaging 18K +/- cars daily

Great downtown location adjacent to Walgreens, PetSense, The Little Dutch Restaurant, Morristown Farmers Market which has green lawn space that houses festivals, concerts, gatherings and more! Free downtown parking in the rear.

Many new developments including 1907 Brewing Company, Cruz Farm Ice Cream, a medical spa, event space and residential lofts on our SkyMart level. Morristown is the only downtown in the US with overhead sidewalk system still intact.

Property qualifies for local and state grants. Also, it is in the Opportunity Zone!

Contact agent for more details, questions or to view.

Additional Details

Nearest MSA: Morristown
County: Hamblen
Tax ID/APN: 032034P L 01700
Zoning: CBD
Year Built: 1920
Construction/Siding: Brick
Freight Elevators: 1
Sprinklers: Dry
Lot Frontage: 64'
Lot Depth: 114'
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,397 29,635 45,909
Median Age: 34.19 37.02 38.71
Households: 3,505 11,632 18,030


Photograph of Listing Agent

Leslie Jo Deaderick

Re/Max Real Estate Ten KAAR CIE Member
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