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Property profile & analytics
FOR SALE
Specialty properties

821 Lincoln Ave Morristown, TN 37814

1.59 ac lot
Individually Owned Free & Clear
Property ID
US80-0575738
Property summary
AI-generated overview

This exceptional 9,180 square foot mixed-use building, situated on a generous 1.6-acre lot in Morristown, Tennessee, presents a remarkable investment opportunity. Previously occupied by a non-profit organization, this versatile property offers a multitude of potential uses. The main level features ample space suitable for various commercial ventures, complemented by a substantial basement area. This lower level includes a fully equipped commercial kitchen and a large dining area, perfect for restaurant or catering operations. The building boasts six convenient entrances and exits, enhancing accessibility and functionality. Additional features include two bathrooms on the main level and three in the basement, two of which are located within two partially finished basement areas. Significant storage space is available throughout the building. The property benefits from three 220-amp breaker boxes, ensuring sufficient power for diverse business needs. The building has been meticulously maintained and is ready for immediate occupancy. Abundant parking is available on the expansive 1.6-acre lot, providing ample space for customers and employees. The property's size, layout, and location make it an ideal choice for a variety of businesses, including, but not limited to, a church, restaurant, or other commercial enterprises. This is a rare opportunity to acquire a substantial property with significant potential in a desirable location. The asking price is $499,000.

Property profile
Verified
Property type Specialty properties
Use group CHARITABLE ORGANIZATION
Lot 1.59 ac (69,260 SF)
Zoning code R2
APN 032041E B 03400
UPID US80-0575738
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
  • Hamblen Masonic Lodge #767 F&AM Volunteer Organization Community Center
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
HAMBLEN LODGE 767
HAMBLEN LODGE 767
Zoning & alternative use
R2 · Morristown, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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