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    1612 W 1 St N Morristown, TN

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    For Sale
    $1,200,000

    Three buildings totaling 10,170 SF on 0.89 acres.

    Property size:
    10,170 SF
    Lot size:
    0.83 Acres

    Property Features for 1612 W 1 St N

    General Information

    Size
    10,170 SF
    Lot size
    0.83 Acres

    Source: United Real Estate Solutions Agent Shawn Wilmoth CCIM

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

    Overview

    Morristown Commercial Investment Opportunity

    Located at 1611 W Andrew Johnson Hwy in Morristown, TN, this commercial investment opportunity includes three adjoining parcels totaling approximately 0.89 acres. The site features three separate buildings with a combined square footage of 10,170 sq ft. The buildings are well-suited for retail, office, medical, or service-oriented businesses, with ample space for customer parking and signage. Positioned along one of Morristown’s busiest commercial corridors, this property benefits from high visibility, strong traffic counts, and convenient access. This listing is being offered for sale together or separately. The property offers the location and layout to support long-term success.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Map

    City
    Morristown
    County
    Hamblen
    State
    Tennessee
    Longitude
    -83.24
    Latitude
    36.1599999

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    FAQs

    What type of property is this?
    Office building - Three buildings totaling 10,170 SF on 0.89 acres.
    Where is this office building located?
    The property is located at 1612 W 1 St N Morristown, TN.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: - High-visibility location on a busy commercial corridor with strong traffic counts.; - Three adjoining parcels totaling approximately 0.89 acres with three separate buildings.; - **Combined square footage of 10,170 sq ft, offering exceptional versatility.**
    (865) 205-9353
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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
    1612 W 1 St N Morristown, TN
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