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Multifamily Development Site
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3304 W Andrew Johnson Hwy, Morristown, TN 37814

Multifamily property with roughly four usable acres, two access points, and a proposed signalized commercial entrance.

Property SizeContact for details
Lot Size4.50 Acres
Days on Market159

Property Features for 3304 W Andrew Johnson Hwy

General Information

Standard status Active
Lot size 4.50 Acres
Property subtype LAND
Listing Agency: PWA Properties
Listed By: Trey Ridenour · License #375056
Source: Moodyscre
Added: Apr 7 Changed: Sep 3 Last Checked: Sep 12 at 5:39AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of PWA Properties

Investment Insights

Based on property information with market context.

This multifamily property comprises a site where roughly four acres are usable for the apartments, with approximately five acres total. The property features two access points, along with a proposed signalized entrance that is intended to support commercial use.

Owner financing is available, and an appraisal can be provided upon request.

The listing is offered for sale with the described overall site acreage and access configuration supporting both existing apartments and a planned entrance approach.

Key Highlights

  • Roughly 4 acres usable, including the apartments
  • Approximately 5 acres overall
  • Two access points to the site

Property Analytics

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Current Use

Mexico Lindo Restaurant

Suggested Use

Top Pick Law Firm Building Supply Auto Parts Store Electrical Service Big Box & Wholesale Store Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

192
Businesses Nearby

Demographics for 37814, TN

34,130
Population
15,287
Households
2.2
Avg Household Size
41
Median Age
22%
College-Educated
88%
High-School Grad
43.9 sq mi
ZIP Area
777
Density / Sq Mi
$51,083
Median Household Income
$35,062
Median Earnings
$859
Median Rent
$192,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Multifamily property with roughly four usable acres, two access points, and a proposed signalized commercial entrance.
Where is this apartment building located?
The property is located at 3304 W Andrew Johnson Hwy 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: Roughly 4 acres usable, including the apartments; Approximately 5 acres overall; Two access points to the site
(865) 227-7491 Call to check price and availability
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