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Property profile & analytics
FOR SALE
Retail space

2747 W Andrew Johnson Hwy Morristown, TN 37814

9,044 SF 0.51 ac lot Built 1982
Entity Owned 3-yr Hold Free & Clear
Property ID
US80-0146897
Property summary
AI-generated overview

This exceptional commercial property, located at 2747 W Andrew Johnson Highway in Morristown, Tennessee, presents a unique investment opportunity. The 8,849 square foot building sits on a 0.51-acre lot and is ideally suited for a quick-service restaurant (QSR), fast food establishment, or other commercial ventures. Priced at $350,000 ($67.80 per square foot), this property boasts excellent visibility and accessibility, situated between downtown Morristown and the Cherokee Crossing intersection of Merchants Greene Boulevard and US Highway 11-E. High traffic counts and a growing market, fueled by the recent addition of numerous worldwide manufacturers and national retailers, make this a highly desirable location. The property benefits from its proximity to major retailers including Lowe's, Walmart Supercenter, Food City, Texas Roadhouse, and Chili's. Furthermore, its location near the newly constructed (2021) $37,000,000 Covenant Health Care outpatient facility (50,000 square feet), which includes a free-standing emergency department, diagnostics center, and physician center, ensures a strong and expanding customer base. This property offers significant potential for immediate return on investment and long-term growth in a thriving commercial area. The zip code is 37814.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1982
Total area 9,044 SF
Lot 0.51 ac (22,216 SF)
APN 032041H C 00300
UPID US80-0146897
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
Current use
Occupant on record · Public records
  • Boots & Bows Boutique Clothing & Fashion Store
  • Shear Structure Hair & Body Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Valuecom2 LLC · 3 yrs held
Valuecom2 LLC
since 2023
Last sale
$185,000
7 recorded transactions
2023
$185,000
2022
$150,000
2022
Price N/A
2021
Price N/A
2017
$290,000
2017
Price N/A
2006
$55,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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