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Listed by Richard A Sarta • Comwire Realty TN, LLC
$99,900
Est. payment /mo
309,276 SqFt
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 309,276 sqft
Price per Sqft $0
MLS Listing ID 710603
Annual Tax Amount $526
Lot Size 7.100 Acres
Acres 7.1
Lot Dimensions 7.1
Property Sub-Type Multi Family
Source Lakeway Area Association of REALTORS®
Property Description
Prime 7.1-Acre Multifamily Development Parcel or single family home site in Morristown, TN
Unlock the potential of this exceptional 7.1-acre parcel of multifamily land, strategically located near the heart of Morristown, TN. Zoned for up to 84 units, this property presents a rare opportunity for developers or investors looking to capitalize on a growing area with strong demand for multifamily housing. Owner financing available!!!
Location Highlights
Situated near Morristown's bustling center, this parcel offers both convenience and natural beauty:
Central Access: Close to shopping centers, grocery stores, schools, and medical facilities, making it an ideal location for residents.
Outdoor Attractions: Just a short drive from both Cherokee Lake and Douglas Lake, renowned for their boating, fishing, and recreational opportunities.
Gateway to the Smokies: Within easy reach of the Great Smoky Mountains, offering world-class hiking, breathtaking views, and year-round outdoor activities.
Thriving Community: Morristown's rich history, vibrant downtown, and welcoming atmosphere make it a highly desirable place to live and work.
Development Potential
With zoning for up to 84 multifamily units, the property is well-suited for a range of development opportunities, including:
Apartments or townhomes.
A mixed-use project incorporating housing and amenities.
Senior living or other specialty housing concepts.
The gently sloping terrain and accessible location make site planning straightforward, and utilities are readily available to the site.
Key Amenities and Features
Proximity to Amenities: Residents will enjoy convenient access to restaurants, retail, parks, and schools.
Nature and Recreation: Nearby lakes and the Smoky Mountains provide endless outdoor entertainment and relaxation.
Strategic Growth Area: Positioned in a thriving East Tennessee community with a growing population and increasing demand for quality housing.
Ideal Investment Opportunity
This property combines the convenience of urban living with the serenity of East Tennessee's stunning landscapes, offering a lifestyle that appeals to a wide range of potential residents. Whether you're an experienced developer or an investor looking for your next project, this multifamily-zoned parcel is ready to bring your vision to life.
Don't miss the chance to develop a premier multifamily community in the picturesque and rapidly growing Morristown area!
Unlock the potential of this exceptional 7.1-acre parcel of multifamily land, strategically located near the heart of Morristown, TN. Zoned for up to 84 units, this property presents a rare opportunity for developers or investors looking to capitalize on a growing area with strong demand for multifamily housing. Owner financing available!!!
Location Highlights
Situated near Morristown's bustling center, this parcel offers both convenience and natural beauty:
Central Access: Close to shopping centers, grocery stores, schools, and medical facilities, making it an ideal location for residents.
Outdoor Attractions: Just a short drive from both Cherokee Lake and Douglas Lake, renowned for their boating, fishing, and recreational opportunities.
Gateway to the Smokies: Within easy reach of the Great Smoky Mountains, offering world-class hiking, breathtaking views, and year-round outdoor activities.
Thriving Community: Morristown's rich history, vibrant downtown, and welcoming atmosphere make it a highly desirable place to live and work.
Development Potential
With zoning for up to 84 multifamily units, the property is well-suited for a range of development opportunities, including:
Apartments or townhomes.
A mixed-use project incorporating housing and amenities.
Senior living or other specialty housing concepts.
The gently sloping terrain and accessible location make site planning straightforward, and utilities are readily available to the site.
Key Amenities and Features
Proximity to Amenities: Residents will enjoy convenient access to restaurants, retail, parks, and schools.
Nature and Recreation: Nearby lakes and the Smoky Mountains provide endless outdoor entertainment and relaxation.
Strategic Growth Area: Positioned in a thriving East Tennessee community with a growing population and increasing demand for quality housing.
Ideal Investment Opportunity
This property combines the convenience of urban living with the serenity of East Tennessee's stunning landscapes, offering a lifestyle that appeals to a wide range of potential residents. Whether you're an experienced developer or an investor looking for your next project, this multifamily-zoned parcel is ready to bring your vision to life.
Don't miss the chance to develop a premier multifamily community in the picturesque and rapidly growing Morristown area!
Location
State TN
County Hamblen
Direction From West Norris Boulevard, head north on Buffalo Trail. and make a right on East 6th North Street. Follow East 6th North until it turns into E 4th North and then turns into Sherwood Drive. Property is on the left. The nearest address is 1105, which is near the northern boundary of the property.
Others
Senior Community No
Tax ID 034A C 052.00
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