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    6099 Commerce Blvd Morristown, TN 37814

    For Sale
    $3,770,000

    Prime TN Commercial Land, Two Lots Available

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 15.615-acre commercial land parcel in Morristown, Tennessee, presents a unique investment opportunity. Located at 6099 Commerce Blvd, 37814, this property is strategically divided into two separately priced lots. Lot 2 encompasses 3.896 acres and is offered at $975,000, while Lot 3 comprises 8.57 acres and is priced at $1,500,000. The combined asking price for both lots is $3,770,000. The site is ideally situated for immediate development, boasting a signalized corner location with existing curb cuts already in place. This ensures a seamless transition into construction and minimizes upfront infrastructure costs. The property benefits from high visibility and excellent access, situated near a variety of established businesses including Dollar General, Team Technologies, Altama Boots, Verizon, Kurbside Grillin', and Granite of the Smokies. Strong traffic counts of 22,337 vehicles daily on nearby W Andrew Johnson Blvd further enhance its commercial appeal. The surrounding demographics are equally compelling, with a 3-mile radius boasting a population of 25,065 and an average household income of $89,278. This figure expands to 27,502 residents and an average household income of $86,104 within a 5-mile radius, and further to 54,011 residents and an average household income of $71,875 within a 7-mile radius. This property offers significant potential for a wide range of commercial ventures.

    Property Features for 6099 Commerce Blvd

    General Information

    Property type
    Land
    Lot Size
    680,189 SF

    HighLights

    • $3,770,000 asking price.
    • 15.615‑acre commercial land parcel.
    • Two lots available: Lot 2 (3.896 acres) for $975,000 and Lot 3 (8.57 acres) for $1,500,000.
    • Site‑ready with signalized corner and existing curb cuts.
    • Excellent location near various retail businesses including Dollar General, Team Technologies, and more.
    • High traffic counts of 22,337 vehicles on nearby W Andrew Johnson Blvd.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon 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
    -83.3254958
    Latitude
    36.2396396

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    FAQs

    What type of property is this?
    Land - Prime TN Commercial Land, Two Lots Available
    Where is this land located?
    The property is located at 6099 Commerce Blvd Morristown, TN.
    What is the asking price?
    The asking price for this property is $3,770,000.
    What are key features of this property?
    This property features: $3,770,000 asking price.; 15.615-acre commercial land parcel.; Two lots available: Lot 2 (3.896 acres) for $975,000 and Lot 3 (8.57 acres) for $1,500,000.
    Request Owner's contact information
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    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
    6099 Commerce Blvd Morristown, TN 37814
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