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Crescent Edge 1611 W Andrew Johnson Hwy 6,860 SF Office Building Morristown, TN 37814 $854,900 ($124.62/SF)
INVESTMENT HIGHLIGHTS
- Great Road Frontage
- Tremendous Parking Ratio
- Multi-Units available with Gross Leases
EXECUTIVE SUMMARY
This property has recently been vacated so minimal tenant finishes are required. Ton's of square footage, great road frontage, and high traffic count (18,977 2024 TDOT) make this an attractive property! Multiple options are available for purchasing and/or leasing this building including: lease to own (Land Contract), owner financing, and others. The owner is marketing this property and the owner purchased this property with intent to re-sell or sub-lease.
DATA ROOM Click Here to Access
- Offering Memorandum
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Lease Option
Property Type
Office
Property Subtype
Building Size
6,860 SF
Building Class
C
Year Built/Renovated
1959/2020
Price
$854,900
Price Per SF
$124.62
Tenancy
Single
Building Height
1 Story
Typical Floor Size
6,860 SF
Building FAR
0.23
Lot Size
0.68 AC
Opportunity Zone
Yes
Zoning
Intermediate Business - This district is intended to provide for more intensive commercial activities within areas specifically
designed to accommodate these activities.
Parking
29 Spaces (4.23 Spaces per 1,000 SF Leased)
AMENITIES
- Security System
- Signage
- Air Conditioning
- Fiber Optic Internet
- Smoke Detector
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- LogOn Computer Services
- Information
-
99,999 SF
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| LogOn Computer Services | Information | 99,999 SF | - | - |
PROPERTY TAXES
| Parcel Number | 041C-B-005.00 | Improvements Assessment | $77,560 (2024) |
| Land Assessment | $66,360 (2024) | Total Assessment | $143,920 (2024) |
PROPERTY TAXES
Parcel Number
041C-B-005.00
Land Assessment
$66,360 (2024)
Improvements Assessment
$77,560 (2024)
Total Assessment
$143,920 (2024)
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Crescent Edge | 1611 W Andrew Johnson Hwy
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