Morristown Development Land - 28 acres
Vacant Land
for Sale
| Catylist Listing ID: |
30856205 |
| Property Subtypes: |
Hospitality, Industrial, Multi-Family, Residential (Single Family), Self Storage, Other
|
| Gross Land Area: |
28.42 Acres
|
| Sale Price: |
$70,000 Per Acre |
| Total Price: |
$1,989,400 |
| In Opportunity Zone? |
Yes |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
12/4/2023 |
Overview / Comments
Located in the growing West Morristown submarket just 2 minutes from Andrew Johnson Highway, this site is in an ideal location for development of market rent multifamily, 55 and over housing, senior living, affordable housing or any number of other beneficial uses.
Property is subject to annexation into the City of Morristown for water/sewer and rezoning for purchaser's desired use.
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Additional Details
| Nearest MSA: |
Morristown |
| County: |
Hamblen |
| Tax ID/APN: |
03204805503 |
| Zoning: |
AGRICULTURAL |
| Property Visibility: |
Good |
| Feet of Frontage: |
2,552 |
| Zoning Description: |
Currently zoned agricultural. Property will require annexation into the City of Morristown for water/sewer and rezoning to purchasers desired use. |
Demographic Statistics
| Proximity: |
3 miles |
5 miles |
| Total Population: |
17,012 |
45,468 |
| Median Age: |
40.36 |
38.96 |
| Households: |
6,617 |
17,717 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither East Tennessee Realtors nor
Moody's assume any liability for errors or omissions.
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