UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 24,132 sqft
Price per Sqft $19
MLS Listing ID 708474
Year Built 1988
Annual Tax Amount $6,653
Lot Size 0.554 Acres
Acres 0.55
Lot Dimensions 0.55
Property Sub-Type Retail
Source Lakeway Area Association of REALTORS®
Property Description
Key Features:
• High Traffic Count: Situated on a heavily trafficked thoroughfare, ensuring excellent visibility and customer access for any future business. Essential for any successful commercial enterprise.
• Growing Commercial Area: Morristown is experiencing continued commercial development, enhancing the long-term value of this property.
Strategic Location:
• Proximity to College Square Mall: Benefits from the high volume of shoppers and visitors drawn to the mall.
• Near New Arby's Location: Growing commercial area and potential for synergistic business activity.
• Established Ingress/Egress: Existing access points (ingress and egress) are in place, streamlining development and traffic flow for future operations.
• Site: The removal of gas station tanks eliminates a significant environmental hurdle, making the property more readily available for a variety of uses.
Redevelopment Potential:
Given the prime location and high traffic, this site is ideal for:
• Fast-Food Restaurant: Especially appealing given the proximity to Arby's and the high traffic.
• Retail Strip Center: Multiple small businesses could capitalize on the visibility.
• Medical/Professional Offices: Easy access for clients and patients.
• Automotive Services (non-fuel): Car wash, oil change, auto repair.
• Coffee Shop/Drive-Thru: Convenient for commuters and shoppers.
Deed Restriction:
• No Tobacco Products or Accessories: Please note that the deed for this property will include a restriction prohibiting the sale of tobacco products or accessories. This should be factored into any proposed business plan.
Acreage adjacent also available. Offered by NAI. https://www.moodyscre.com/marketplace/property/6523cf1812b1912a4e028d6b
Location
State TN
County Hamblen
Direction AJ Hwy to right on Morris Blvd. Left lane until shortly after original Morristown Signs location and it will be on the left past the tire place and before the new Arbys location close to College Square Mall
Exterior
Utilities Available Cable Available, Electricity Available, Sewer Available, Water Available
Building
Water Public
Others
Senior Community No
Tax ID 034F G 010.01
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Kornerstone Properties
Company Owner | License ID: 265226
Company Owner License ID: 265226