323 & 325 E Morris Blvd Active Save Request In-Person Tour Request Virtual Tour
Morristown,TN 37813
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 53,578 sqft
Price per Sqft $13
MLS Listing ID 703692
Year Built 1978
Annual Tax Amount $3,088
Lot Size 1.230 Acres
Property Description
1.23 acres available For Sale or Ground Lease. The subject property is located immediately off of E Morris Blvd (Approx. 17,000 VPD) in a busy commercial corridor of Morristown. Nearby major retailers include Fast Pace Urgent Care, Subway, Walgreens, Petsense, Dairy Queen, Burger King, Popeyes Louisiana Kitchen, KFC and more!
Over the last five years, Morristown has seen an increase of about 500 jobs each year! Commercial, residential, and industrial property development
is growing quickly as a result. 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 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
Office building located on the property could be remodeled and used, although it is not the highest and best use for this property therefore it is being marketed for redevelopment and not considered within the offered price. Property has Right-of-way through Sherwood Village parking lot and some parking already established. There are many ways this property can be redeveloped to capitalize on your investment! Call me today to discuss.
Location
State TN
County Hamblen
Building
Lot Description City Lot
Water Public