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    3304 W Andrew Johnson Hwy Morristown, TN 37814

    For Sale
    $3,000,000

    Mixed Use - Morristown, TN

    Type:Mixed Use
    Lot size:
    4.40 Acres
    Days on Market:
    77
    Last Refresh:
    Dec 9 at 8:06 pm

    Property Features for 3304 W Andrew Johnson Hwy

    General Information

    Property type
    Commercial Sale
    Property subtype
    Mixed Use
    Standard status
    Active
    Lot size
    4.40 Acres

    Building Details

    Year built
    2000
    Architectural style
    Other

    THE REALTY HOUSE (423) 581-9300

    Listing agent Adren Greene (423) 581-9300 License #6281

    Listing date Sep 24, 2025

    MLS# 708670 Listing URL

    Copyright © 2025 Lakeway Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Morristown Mixed-Use Investment Opportunity

    This mixed-use property in Morristown, Tennessee, features 12 apartment rentals with no vacancies. The 4.4-acre lot has out parcels and is connected to all city utilities. The seller is willing to subdivide the property. Potential uses include restaurant, retail, and medical facilities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mexico Lindo Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Morristown
    County
    Hamblen
    State
    Tennessee
    Longitude
    -83.339807
    Latitude
    36.201056

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with apartment rentals and development potential in Morristown.
    Where is this mixed-use property located?
    The property is located at 3304 W Andrew Johnson Hwy Morristown, TN.
    What is the asking price?
    The asking price for this property is $3,000,000.
    What are key features of this property?
    This property features: - 12 apartment rentals with no vacancies for immediate income.; - Seller will subdivide, offering flexible development options.; - All city utilities are on the property.
    (423) 581-9300
    Request Owner's contact information
    3304 W Andrew Johnson Hwy Morristown, TN 37814
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3304 W Andrew Johnson Hwy Morristown, TN 37814
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