303 Fairmont Ave Morristown, TN 37814-3700

Property Details for 303 Fairmont Ave

Year built

1973

Construction

WOOD

Lot size

0.25 lot acres

Property size

5,960 SF

Property type

Office Properties & Spaces

APN

032041C B 01401

APU

032041CB01401

Description

This exceptional 4,500 square foot office building, located at 303 N Fairmont Avenue Unit 303 in Morristown, Tennessee, presents a unique investment opportunity. Situated on a 0.39-acre lot, the property boasts excellent visibility and a prime location within Morristown. The building's current configuration offers considerable flexibility, allowing for use as a single large office space or subdivision into as many as six separate suites, catering to diverse business needs. This adaptability makes it ideal for a variety of uses, from a single corporate headquarters to a multi-tenant complex. The building's substantial size and layout provide ample room for expansion or customization to meet specific requirements. Furthermore, the upper level presents a compelling possibility for conversion into residential apartment units, significantly increasing the property's potential return on investment. This conversion would allow for a mixed-use development, capitalizing on the growing demand for housing in the area. The property's strategic location in Morristown ensures easy access to local amenities, transportation routes, and a thriving business community. This is a rare opportunity to acquire a versatile and well-positioned commercial property with significant upside potential. The asking price is $450,000.

Location Insight

City

Morristown

County

Hamblen

State

Tennessee

Longitude

-83.308

Latitude

36.2077

CBSA code

34100

CBSA name

MORRISTOWN, TN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments