4010 Andrew Johnson HwyMorristown, TN 37814

Property Details for 4010 Andrew Johnson Hwy

Year built

1971

Construction

FRAME

Lot size

0.35 AC

Property size (Sq ft)

5,500 SF

Property type

Retail space

APN

032040L D 00700

APU

032040LD00700

Description

This exceptional commercial property, located at 4010 W Andrew Johnson Highway Unit 4010, Morristown, TN, presents a prime investment opportunity. Boasting a prominent corner location on a high-traffic intersection, this 5,050 square foot mixed-use building offers unparalleled visibility and accessibility. Situated on a 0.35-acre lot, the property benefits from its strategic placement within a rapidly developing commercial corridor experiencing significant growth. The flexible layout allows for diverse uses, making it ideal for retail, office, or a combination of both. Its zoning permits commercial development, providing ample opportunity for customization to suit various business needs. Convenient access to major roads and highways ensures easy commutes for employees and customers alike. The strong economic growth and development potential in the surrounding area promise a robust return on investment. This property is perfectly positioned to capitalize on the influx of new businesses and residential developments, making it an attractive prospect for discerning investors seeking a high-impact commercial asset in a thriving market. The building's size and location make it an excellent choice for a variety of commercial ventures.

• CAP approach

  CAP return

  Valuation

  6%

  $2,068,408

  6.5%

  $1,909,299

  7%

  $1,772,921

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,141,094

  Geo Method

  $1,141,094

• Alternative Use

  Use

  Valuation

  Residential

  $1,610,565

  Hospitality

  $1,475,269

  Educational

  $1,227,407

  Medical

  $1,269,619

  Retail

  $1,909,299

Location Insight

City

Morristown

County

Hamblen

State

Tennessee

Latitude

36.1951

Longitude

-83.3535

CBSA code

34100

CBSA name

MORRISTOWN, TN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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