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    4520 Enka Hwy Morristown, TN 37813

    For Sale
    $310,000

    10.65-acre land parcel with redevelopment potential in Morristown, Tennessee.

    Lot size:
    10.65 Acres

    Property Features for 4520 Enka Hwy

    General Information

    Lot size
    10.65 Acres

    Source: Re/Max Real Estate Ten Agent Leslie Jo Deaderick

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

    Overview

    Morristown Land with Redevelopment Potential

    This 10.65-acre parcel is located off Exit 12 in Morristown. The property is currently zoned A-1 and offers the possibility of rezoning to accommodate intended uses. Sewer access is available approximately 880 feet away on Old Lowland Road; the buyer is responsible for obtaining costs associated with connecting to the sewer system through Morristown Utility Systems. A 40' x 15' area on the property is allocated for a billboard sign owned by an external party and is not included in the sale. The dwelling on the property is considered to have no value. This land presents a redevelopment opportunity and a convenient location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Building Supply Wholesale Shop Auto Repair Shop Hotel & Motel Auto Parts Store Food Market Grocery Store Discount Store Electrical Service Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Morristown
    County
    Hamblen
    State
    Tennessee
    Longitude
    -83.21915
    Latitude
    36.16519

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    FAQs

    What type of property is this?
    Land - 10.65-acre land parcel with redevelopment potential in Morristown, Tennessee.
    Where is this land located?
    The property is located at 4520 Enka Hwy Morristown, TN.
    What is the asking price?
    The asking price for this property is $310,000.
    What are key features of this property?
    This property features: - 10.65 +- Acres with Potential for Interstate Frontage.; - Great Redevelopment Opportunity.; - Convenient Location off Exit 12 in Morristown.
    (865) 640-5020
    Request Owner's contact information
    4520 Enka Hwy 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
    4520 Enka Hwy Morristown, TN 37813
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