2747 W Andrew Johnson Hwy Morristown, TN 37814
For Sale
1 / 10
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.
-
Boots & Bows Boutique Clothing & Fashion Store
-
Shear Structure Hair & Body Hair Salon Nail Salon
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.