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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

2219 Morris Blvd Morristown, TN 37813

21,770 SF 0.5 ac lot
Property ID
Property summary
AI-generated overview

This exceptional .5-1.27 acre commercial land parcel in Morristown, Tennessee, presents a unique investment opportunity. Located on East Morris Boulevard, this pad-ready site boasts 91.5 feet of frontage and over 20,000 cars passing daily. Its prime location within a thriving retail corridor, alongside national brands like Arby's, Walmart, and Ashley Furniture, ensures high visibility and accessibility. The flat, grade-level lot offers two points of access and is ideally suited for a variety of uses, including a carwash, bank, quick-service restaurant (QSR), or automotive-related business. The property's 21,770 square feet is zoned for commercial use and is for sale by owner as a fee simple ownership. Morristown's robust economic growth, with 500 new jobs added annually for the past five years, makes this a compelling investment in a rapidly expanding market. The site's adjacency to a new Arby's and proximity to Walters State Community College and College Square Mall further enhances its appeal. An adjacent .77-acre parcel with additional frontage is also available for potential assemblage, expanding the development possibilities. The asking price is $650,000.

Property profile
Verified
Property type Retail properties & Spaces
Total area 21,770 SF
Lot 0.5 ac (21,780 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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