2231-2263 Sandstone Dr | Morristown, TN 37814
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- LoopNet Team
2231-2263 Sandstone Dr
Morristown, TN 37814
Masengill Falls · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Food City Shadow-Anchored Center
- Below Market Rents (Avg $12.60 PSF) - Future Upside Potential
- Minimal Landlord Expenses- All Tenants Reimburse for NNN Expenses
- 100% Occupied to Medical and Service Oriented Tenants
- Priced Below Replacement Costs- ($166 PSF) & Built in 2015
- Directly Next to Planned Residential Development Masengill Landing- 89 Single Family Homes, 80 Townhomes, and Over 100 Apartment Units
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
47,802 SF
Building Class
B
Year Built
2015
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.16
Lot Size
6.69 AC
Zoning
PCD - Planned Commercial Development
Parking
210 Spaces (4.39 Spaces per 1,000 SF Leased)
Frontage
741’ on Sandstone Drive
PROPERTY TAXES
| Parcel Number | 041B-A-002.03 | Improvements Assessment | $1,946,800 |
| Land Assessment | $254,280 | Total Assessment | $2,201,080 |
PROPERTY TAXES
Parcel Number
041B-A-002.03
Land Assessment
$254,280
Improvements Assessment
$1,946,800
Total Assessment
$2,201,080
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