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    3773 Andrew Johnson Hwy Hwy Morristown, TN 37814

    Sponsored
    For Sale
    $949,000

    Four-unit office building, high traffic area.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional commercial property, located at 3773 E Andrew Johnson Highway in Morristown, Tennessee, presents a lucrative investment opportunity. Situated on a 0.49-acre lot, the building offers significant potential for income generation. Currently leased as a single unit, the property is comprised of four distinct, separately leasable office spaces, providing flexibility for future tenants and maximizing rental income potential. Its prime location on a busy thoroughfare in East Morristown ensures high visibility and accessibility, attracting a wide range of potential businesses. The asking price is $949,000. This presents a chance to acquire a well-situated, multi-unit office building with the potential for immediate income and long-term growth. The existing lease arrangement provides a stable foundation for investment, while the four separate units offer the flexibility to tailor leasing strategies to meet market demands. This property is ideal for investors seeking a strong return on investment in a thriving commercial area. The building's size is not specified, but its strategic location and multi-unit configuration make it a compelling opportunity for discerning buyers. Serious inquiries are encouraged to explore the full potential of this remarkable commercial property.

    Property Features for 3773 Andrew Johnson Hwy Hwy

    General Information

    Property type
    Office Properties & Spaces
    Lot Size
    21,344 SF

    Building Details

    Year Built
    2006
    Location Intelligence

    Current Use by Public Records

    Office Properties & Spaces

    Map

    City
    Morristown
    County
    Hamblen
    State
    Tennessee
    Longitude
    -83.315
    Latitude
    36.2161

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    FAQs

    What type of property is this?
    Office Property / Space - Four-unit office building, high traffic area.
    Where is this office property / space located?
    The property is located at 3773 Andrew Johnson Hwy Hwy Morristown, TN.
    What is the asking price?
    The asking price for this property is $949,000.
    (423) 586-3100
    Request Owner's contact information
    3773 Andrew Johnson Hwy 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
    3773 Andrew Johnson Hwy Hwy Morristown, TN 37814
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