Prime 4 Acre Development Opportunity

Vacant Land for Sale
Catylist Listing ID: 30623074
Property Subtypes: Multi-Family, Office, Retail, Retail-Pad
Gross Land Area: 1.50 - 4 Acres
Sale Price: $1,600,000
Land Splits Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/30/2020

Overview / Comments

This is a prime 4 acre development opportunity on West AJ Highway in Morristown.
The parcel is situated between Lowe's Home Improvement and McDonald's.

• Property is located directly on W AJ Hwy, the main retail corridor of Morristown, with a curb cut.
• High traffic count of 50,614 cars daily.
• ~204 feet of frontage on W AJ Highway.
• Owner will consider subdividing the property.
• City water, wastewater, and natural gas utilities available.
• Commercial intermediate business zoning allows varied uses.
• 5 mile population: 46k with $50k Average Household Income.

List of permitted uses available under attachments.

Additional Details

Nearest MSA: Morristown
County: Hamblen
Tax ID/APN: 032041B A 01602
Zoning: INTERMEDIATE BUSINESS (IB)
Property Visibility: Excellent
Traffic/Vehicle Count: 50,614
Highway Access: Yes
Lot Frontage: +/- 206 ft
Available Utilities: Electric, Water, Gas, Sewer
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,897 26,159 45,793
Median Age: 38.74 37.06 38.57
Households: 1,871 10,117 17,943

Contact

Photograph of Listing Agent

Andrew Wilmoth

Avison Young KAAR CIE Member
Photograph of Listing Agent

Jim Holleman

Avison Young KAAR CIE Member
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