Prime Commercial Property In Morristown

Vacant Land for Sale
Catylist Listing ID: 30462529
Property Subtypes: Hospitality, Retail, Retail-Pad
Gross Land Area: 1 Acre
Sale Price: $989,000
Unit Price: $989,000 Per Acre
In Opportunity Zone? Yes
Sale Terms: Cash to Seller, Build-to-Suit
Cap Rate: Undisclosed
Last Updated: 1/9/2020

Overview / Comments

Prime commercial lot in the heart of the growth of Morristown. 1 acre located on Andrew Johnson Hwy and Merchants Green Blvd. Tremendous growth area! New restaurants and retail in the area include; Texas Roadhouse, Aubreys, Chilis, Aldi, Walmart, and much more!

Additional Details

Nearest MSA: Morristown
County: Hamblen
Taxing Authority: Hamblen County
Tax ID/APN: 032040 03003
Property Visibility: Excellent
Largest Nearby Street: Andrew Johnson Hwy
Feet of Frontage: 160
Traffic/Vehicle Count: 25,000
Lot Frontage: 160
Lot Depth: 272
Part of Planned Development?: Yes
Development Name: The Shops at Merchants Green
Topography: Gently Sloping
Available Utilities: Electric, Water, Gas, Sewer, Cable
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,422 17,832 42,390
Median Age: 40.95 40.95 38.97
Households: 1,382 6,988 16,522


Photograph of Listing Agent

Charles Baine

Baine Realty Group KAAR CIE Member
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