323 & 325 E Morris Blvd Morristown, TN $ 799,000
323 & 325 E Morris Blvd
$ 799,000
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323 & 325 E Morris Blvd

Morristown, TN, 37813
$ 799,000
Baths0.0

Monthly Estimate*

$ 5,310

323 & 325 E Morris Blvd, Morristown, TN 37813 - Image 1
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Studio

Commercial Property for sale in Morristown, TN

for $799,000. This building was built in 1978 on a lot size of 1.23.

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 developmentis 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.

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Commercial Active

Price

$ 799,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 3,088

Style

Retail

Lot Size

1.23

Year Built

1978

Town/City

Morristown

County/Region

Hamblen

MLS | Web ID

703692

Features
General
Sewer Public Sewer
Possession Close Of Escrow
County Hamblen
Property Type D
Tax Year 2023
Occupant Type Vacant
Status Active
Auction Y/N No
Sub Type Retail
Year Built 1978
Directions East on Morris Blvd heading towards Downtown Morristown. Property is on the left past Sherwood Village and Fast Pace Urgent Care.
City Morristown
Street Name E Morris Blvd
Coming Soon 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 retailer
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Exterior
Lot Features City Lot
Water Source Public
Parking Features Additional Parking
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* Excluded Features
List By
Re/Max Real Estate Ten Midtown

Broker

lesliedeaderick@gmail.com

Email

Affordability Calculator

$5,568
Per Month
95%
5%
0%
Monthly Principal & Interest
$5,310
Monthly Property Taxes
$257
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
2484365 Elementary School
2484217 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/17/2024$799,000 Listed Price

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323 & 325 E Morris Blvd, Morristown, TN, 37813 is a Commercial Property for sale at $799,000 with a lot size of 1.23. 323 & 325 E Morris Blvd is a studio with 0.0 baths and was built in 1978. The property's zip code is 37813 which is in Morristown, TN