2323 Morris Blvd Morristown, TN 37813-1942
- Drive through restaurants
- 2,424 SF
- 0.84 lot acres
Current Use by Public Records
- Arby's / Deli / Takeout Restaurant
Property Details for 2323 Morris Blvd
- Year built
- 2022
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.84 lot acres
- Property size
- 2,424 SF
- Property type
- Drive through restaurants
- APN
- 032034F G 01000
- APU
- 032034FG01000
Description
This exceptional 0.768-acre commercial land parcel presents a unique investment opportunity in Morristown, Tennessee. Located at 2323 E. Morris Blvd, this property boasts 330 feet of frontage on a major east-west arterial road, ensuring high visibility and accessibility. Its strategic location adjacent to the bustling College Square Mall and in close proximity to Walters State Community College guarantees significant foot and vehicular traffic. The site currently houses a newly constructed Arby's restaurant, further demonstrating its prime commercial viability. This property is ideally suited for a variety of uses, including but not limited to a car wash, bank, oil change facility, automotive-related business, or quick-service restaurant (QSR). The lot size allows for flexibility
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $675,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $730,000
- 6.5%
- $830,000
- 7%
- $810,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $905,000
- Geo Method
- $745,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $675,000
- Retail
- $625,000
- Mixed-Use
- $680,000
- Hospitality
- $855,000
- Educational
- $690,000
- Residential Income
- $850,000
- Energy
- $815,000
- Income-Based Land
- $610,000
- Food Service
- $680,000
Location Insight
- Map
- Local Demand
- City
- Morristown
- County
- Hamblen
- State
- Tennessee
- Longitude
- -83.266
- Latitude
- 36.2214
- CBSA code
- 34100
- CBSA name
- MORRISTOWN, TN METROPOLITAN STATISTICAL AREA
