Corner Lot! Light Industrial Zoned!
Vacant Land
for Sale
| Catylist Listing ID: |
30834498 |
| Property Subtypes: |
Industrial, Multi-Family, Retail-Pad, Self Storage, Other
|
| Gross Land Area: |
1.91 Acres
|
| Sale Price: |
$259,000 |
| Unit Price: |
$135,602 Per Acre |
| In Opportunity Zone? |
Yes |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
2/22/2023 |
Overview / Comments
|
Corner Lot! 1.91 acres of Light Industrial Zoned land on Doctor M.L.K. Jr Pkwy and Valley Home Rd in Morristown. Light Industrial zoning has numerous permitted uses. See associated docs for zoning ordinance. As Tennessee’s 6th largest industrialized area, Morristown manufacturers export a wide range of products across the country and around the world. The city is served by three major industrial parks and is home to companies like Mahle, Colgate Palmolive, JTEKT Automotive, Val-Timet, Tuff Torq, Otics USA, Van Hool, PFG Hale, Vifan, Green Worx and Wallace Hardware. These industries are served by an outstanding network of air, land and rail transportation options. The City of Morristown is strategically located at the crossroads of upper east Tennessee. Halfway between Knoxville and the Tri-Cities, the 3rd and 5th largest metropolitan areas in the state, Morristown is easily accessible via I-81, I-40 and US 25-E, the East Tennessee Crossing National Scenic Byway. It is within a 10-hour drive of 76% of the United States population and 19% of the Canadian population placing our community at the “center of the nation’s marketplace”. Source and to find more about our economy here: https://www.mymorristown.com/departments/community_development/economic_development.php. Buyer and Buyer's agent responsible for confirming any and all intended uses for this property.
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Additional Details
| Nearest MSA: |
Morristown |
| County: |
Hamblen |
| Tax ID/APN: |
03204104504 |
| Zoning: |
LI |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
1,597 |
27,379 |
44,845 |
| Median Age: |
29.61 |
37.75 |
38.65 |
| Households: |
637 |
10,791 |
17,658 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither Knoxville Area Association of REALTORS® nor
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