Income Producing Property- Morristown, TN

Retail-Commercial for Sale
Catylist Listing ID: 30758854
Property Subtypes: Free-Standing Building, Other
Building Size (RSF): 3,732 SF
Gross Land Area: 0.68 Acres
Sale Price: $495,000
Unit Price: $132.64 PSF
In Opportunity Zone? Yes
Property Use Type: Net Leased Investment (NNN)
Building Name: M.D. Pharmacy
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/10/2022

Overview / Comments

This 3,732 SF building currently leased to M.D. Pharmacy is ideally situated among many other medical professions, a growing residential community and minutes from thriving downtown. Nestled at the edge of the Smokey Mountains and equidistant from Knoxville and Johnson City, Morristown is ideally located. It is only a days drive from nearly 2/3 of the nation's population. Centrally located between eight counties, Morristown is within reach of over 330,000 people and serves as the regional hub for employment, shopping, recreation, healthcare and educational opportunities. With its own general aviation airport, fully operational rail system and easy access to Interstates 81, 40 and 75 and major highway including 25E and 11E, Morristown is a thriving progressive city with an excellent quality of life.

Current Tenants

Tenant Business Name M.D. Pharmacy

Additional Details

Nearest MSA: Morristown
County: Hamblen
Tax ID/APN: 032041FG00500
Zoning: IB
Retail Clientele: General, Business, Other
Tenancy: Single Tenant
Total Number of Buildings: 1
Year Built: 1991

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,172 28,065 46,664
Median Age: 35.35 37.15 38.84
Households: 1,274 11,047 18,360


Photograph of Listing Agent

Terry Ball

Re/Max Real Estate Ten
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