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    Prime Morristown Development Opportunity Title is generated by Realmo AI

    Morristown, TN 37814, Morristown, TN 37814

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    Claim this Listing
    For Sale
    $2,500,000

    COMMERCIAL - Morristown, TN

    Lot size:
    23.00 Acres
    Added:
    May 1, 2026
    Days on Market:
    51
    Last Refresh:
    Jun 20 at 6:06 pm

    Property Features

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    R 3
    Standard status
    Active
    Lot size
    23.00 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    024 130.02
    Tax Annual Amount
    134975

    Utilities

    Utilities
    Cable Available
    Water source
    Public

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    Listing Contact
    David Quillen

    Listing agent David Quillen License #309946

    Listing office Crye-Leike Lakeway Real Estate 2423 E Andrew Johnson Hwy, MORRISTOWN, TN

    Listing date May 1, 2026

    MLS# 711362

    Copyright © 2026 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.

    HighLights

    • Prime development opportunity: +/-23 acres in a highly desirable location adjoining the prestigious Lochmere community.
    • Approved Planned Unit Development (PUD): Offers tremendous flexibility for residential development with existing approved site plans.
    • High‑Density Residential Zoning (R‑3): Allows for a minimum of 242 residential units with potential for additional density.
    • No Maximum Unit Cap: The original PUD approval did not establish a maximum unit cap, allowing for expanded development possibilities.
    • Multiple Approved Site Plans: Includes duplexes, condo‑style buildings, and a 3‑story apartment building approved for 40 townhomes.
    • Future Development Section: An additional area allows for expanded possibilities and mixed residential concepts.

    Overview

    This is a +/-23-acre development opportunity located in a prime location adjoining the Lochmere community. The three adjoining tracts are being sold together as one investment parcel. The property is zoned R-3 High Density Residential and approved as a Planned Unit Development (PUD), offering flexibility for residential development. Existing approved site plans include duplex buildings lining the street frontage, condo-style buildings facing Lochmere with architectural elevations and floor plans completed, and a proposed 3-story apartment building approved for 40 townhomes. An additional ''Future Development'' section allows for expanded possibilities. The original PUD approval included a minimum of 242 residential units, with additional density potential in the future development area, and did not establish a maximum unit cap. This location combines convenience, natural beauty, and proximity to one of the area's most sought-after residential communities, making it suitable for apartments, condominiums, townhomes, or mixed residential concepts. The property is located in Morristown, Tennessee, in Hamblen County.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Morristown
    County
    Hamblen
    State
    Tennessee
    Longitude
    -83.3243
    Latitude
    36.2321

    FAQs

    What type of property is this?
    Residential land & home lot - 23-acre residential development opportunity in a prime location.
    Where is this residential land & home lot located?
    The property is located at Morristown, TN.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: Prime development opportunity: +/-23 acres in a highly desirable location adjoining the prestigious Lochmere community.; Approved Planned Unit Development (PUD): Offers tremendous flexibility for residential development with existing approved site plans.; High‑Density Residential Zoning (R‑3): Allows for a minimum of 242 residential units with potential for additional density.
    More about this property
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