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: Buyer and Buyer's agent responsible for confirming any and all intended uses for this property.

Attachments & Media

Additional Details

Nearest MSA: Morristown
County: Hamblen
Tax ID/APN: 03204104504
Zoning: LI

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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


Photograph of Listing Agent

Leslie Jo Deaderick

Re/Max Real Estate Ten KAAR CIE Member
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