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    635 Veterans Pkwy Morristown, TN 37813

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    For Sale
    $50,000

    Land suitable for multifamily, senior living, or affordable housing.

    Property size:
    28 SF
    Lot size:
    28.42 Acres

    Property Features for 635 Veterans Pkwy

    General Information

    Size
    28 SF
    Lot size
    28.42 Acres

    Building Details

    Year built
    1989

    Source: Heidi Adams Agent Heidi Adams

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    West Morristown Development Opportunity

    This site is located in the growing West Morristown submarket, approximately two minutes from Andrew Johnson Highway. The location is near new retail development and close to amenities such as Walmart Supercenter, Aldi's, Weigel's, and various restaurants. It is also approximately two minutes from Morristown Landing, the new community center, and the new Covenant Health Emergency Center. The site is approximately a five-minute drive to the Morristown Regional Airport and Interstate 81. The property is located in the most desirable school zone in Morristown and is suitable for development of market rent multifamily, 55 and over housing, senior living, affordable housing, or other beneficial uses. The property size is 28 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store 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
    -83.367662
    Latitude
    36.176047

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    FAQs

    What type of property is this?
    Land - Land suitable for multifamily, senior living, or affordable housing.
    Where is this land located?
    The property is located at 635 Veterans Pkwy Morristown, TN.
    What is the asking price?
    The asking price for this property is $50,000.
    What are key features of this property?
    This property features: - Ideal location for development of multifamily, senior living, or affordable housing.; - Located in the heart of West Morristown near new retail development.; - Two minutes from Morristown Landing community center and Covenant Health Emergency Center.
    (321) 439-3175
    Request Owner's contact information
    635 Veterans Pkwy Morristown, TN 37813
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    Morristown, TN 37813
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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
    635 Veterans Pkwy Morristown, TN 37813
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