7.8 Commercial Acres on AJ Highway in Morristown
Vacant Land
for Sale
| Catylist Listing ID: |
30631769 |
| Property Subtypes: |
Hospitality, Office, Retail, Other
|
| Gross Land Area: |
7.80 Acres
|
| Sale Price: |
$2,495,000 |
| Unit Price: |
$319,871 Per Acre |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
9/18/2020 |
Overview / Comments
|
With 842 feet of frontage on West Andrew Johnson Highway, this approximately 7.8 acre parcel is in the heart of the new commercial area in Morristown. It is across from the new Weigel’s and near the new WalMart. It would be ideal for a restaurant, strip center, or other commercial venture. The property has a traffic count of more than 25,000 cars per day.
|
Additional Details
| Nearest MSA: |
Morristown |
| County: |
Hamblen |
| Tax ID/APN: |
032040 02600 |
| Zoning: |
IB: INTERMEDIATE BUSINESS DISTRICT |
| Property Visibility: |
Excellent |
| Feet of Frontage: |
850 |
| Topography: |
Rolling |
| Available Utilities: |
Electric, Water |
| Water Service: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
3,422 |
17,832 |
40,768 |
| Median Age: |
40.95 |
40.95 |
38.76 |
| Households: |
1,382 |
6,988 |
15,773 |
|
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