1336 Andrew Johnson Hwy Morristown, TN 37814-3729
- Turn key restaurants
- 8,932 SF
- 1.84 lot acres
Current Use by Public Records
- Turn key restaurants
Property Details for 1336 Andrew Johnson Hwy
- Year built
- 1981
- Construction
- WOOD
- Lot size
- 1.84 lot acres
- Property size
- 8,932 SF
- Property type
- Turn key restaurants
- APN
- 032033N J 00400
- APU
- 032033NJ00400
Description
This exceptional 8500-square-foot retail property presents a unique investment opportunity in Morristown, Tennessee. Situated on a highly visible 1.84-acre lot with frontage on the busy Andrew Johnson Highway and convenient side road access from Fairmont Avenue, this location offers unparalleled exposure to a large volume of daily traffic. The property is being sold "as is," and includes a wealth of existing restaurant equipment, perfect for a seamless transition into a new culinary venture. The included assets comprise substantial restaurant furniture, multiple coolers, various cooking equipment, grills, two walk-in coolers, and one walk-in freezer. This turnkey setup significantly reduces the initial investment required to establish a successful business. The spacious layout offers ample room for a variety of uses, making it ideal for a restaurant relaunch, a new culinary concept, or even a complete repurposing to suit a different business model. The property's size and location make it an attractive proposition for entrepreneurs seeking a high-visibility location with significant existing infrastructure. The substantial acreage provides ample parking and potential for future expansion. This is a rare opportunity to acquire a well-positioned commercial property with significant existing assets, ready for immediate occupancy and operation. Don't miss this chance to capitalize on this prime Morristown location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $385,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $275,000
- 6.5%
- $305,000
- 7%
- $290,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $310,000
- Geo Method
- $330,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $320,000
- Retail
- $280,000
- Mixed-Use
- $290,000
- Hospitality
- $275,000
- Educational
- $280,000
- Residential Income
- $270,000
- Energy
- $275,000
- Income-Based Land
- $340,000
- Food Service
- $245,000
Location Insight
- Map
- Local Demand
- City
- Morristown
- County
- Hamblen
- State
- Tennessee
- Longitude
- -83.3096
- Latitude
- 36.2086
- CBSA code
- 34100
- CBSA name
- MORRISTOWN, TN METROPOLITAN STATISTICAL AREA
