323 & 325 E Morris Blvd, Morristown, TN 37813

$799,000
List Price
$799,000
MLS#
703692
Status
ACTIVE
Type
Commercial
City
Morristown
County
Hamblen
Lot Size
53,578
Year Built
1978

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.

Additional Information

Lot Description
City Lot
Acres
1.23

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Listing courtesy of RE/MAX Real Estate Ten Midtown.