Catylist ID:
#30642980
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: | 1/24/2022 |
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. Property has already been approved for Brewery/Taproom. Morristown passed an ordinance late 2019 allowing for breweries and Morristown currently only has 1 getting ready to open around the corner. Great for an end user or demise and lease out remaining square footage. The following uses would suit well to area: Event/Wedding Venue (only 1 other small indoor venue in town) - Restaurant - Fitness Studio - Ice Cream Parlor – Coffee Shop - Brewery – Retail – Mix Use Retail/Residential Property may qualify for a Façade Grant. Contact agent for more details, questions or to view |
Attachments & Media
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 |
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 |
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