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    463 Davy Crockett Pkwy Morristown, TN 37813

    Sponsored
    For Lease
    Contact for pricing

    Prime Walmart shadow center; 1,600 SF available.

    Lot size:
    23,900 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Crockett Square Shopping Center in Morristown, Tennessee, presents a unique retail opportunity. This 23,900 square foot center boasts a prime location directly across the street from Walters State Community College, enjoying an estimated 3.1 million annual visitors. The high foot traffic generated by the college's 6,000 students, combined with the significant draw of the adjacent Walmart, creates an exceptional environment for businesses seeking high visibility and consistent customer flow. Currently, 1,600 square feet of retail space is immediately available, representing a minimum divisible unit. The maximum contiguous space available is also 1,600 square feet. The center comprises a total of ten suites. This Walmart shadow center benefits from excellent retail synergy with nearby national retailers such as Hobby Lobby, Dollar Tree, and Ross, all located within the nearby College Square Mall. The property is ideal for a variety of uses, including retail establishments, healthcare services, or restaurants, catering to both the local community and the substantial student population. This high-traffic location offers a compelling opportunity for businesses seeking strong visibility and a robust customer base in a thriving area. The property is located in Hamblen County.

    Property Features for 463 Davy Crockett Pkwy

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    23,900 SF

    Unit(s) available at that property

    Space
    AVAILABLE (1)
    Size
    1,600 SF

    HighLights

    • High‑traffic Walmart shadow center with 3.1 million annual visitors.
    • Strong daily pedestrian traffic from adjacent Walters State Community College (6,000 students).
    • Excellent retail synergy with nearby Hobby Lobby, Dollar Tree, Ross, and other national retailers at College Square Mall.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lendmark Financial Services ... Loan Agency Bamboo garden Chinese ... Chinese Restaurant Sun Tan City Tanning Salon Crockett Square Professional Services Morristown Tobacco & Vapor ... Tobacco Shop

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon 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
    -83.254690517078
    Latitude
    36.215241024127

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    FAQs

    What type of property is this?
    Restaurant - Prime Walmart shadow center; 1,600 SF available.
    Where is this restaurant located?
    The property is located at 463 Davy Crockett Pkwy Morristown, TN.
    What are key features of this property?
    This property features: High-traffic Walmart shadow center with 3.1 million annual visitors.; Strong daily pedestrian traffic from adjacent Walters State Community College (6,000 students).; Excellent retail synergy with nearby Hobby Lobby, Dollar Tree, Ross, and other national retailers at College Square Mall.
    Request Owner's contact information
    463 Davy Crockett Pkwy 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
    463 Davy Crockett Pkwy Morristown, TN 37813
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