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

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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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