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601 School St 56,743 SF Flex Building Morrison, TN 37357 $3,495,000 ($61.59/SF)

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INVESTMENT HIGHLIGHTS

Railroad, Doc, High Ceilings, large parking lot, 12.5 ac

EXECUTIVE SUMMARY

Huge price reduction! Seller is motivated. Beautiful Building and Location!! Over 56,700 sq ft, 12.5 acers, Four Apartments, Two full size Gymnasiums, , Executive offices, one loading doc, high ceilings, large parking lot, along with a growing community make this site extremely versatile and appealing. Currently occupied by a restaurant and entertainment business. Current owner and business wishing to lease back approx. 20,000 sqft of space to new owner. No matter if you are an investor looking for a new venture, or a business needing to relocate, there are multiple possibilities with this property. Originally used as a school, then fully remodeled in 2023. Therefor it can serve as a multipurpose commercial or potential light industrial property.

PROPERTY FACTS

Price	$3,495,000	Rentable Building Area	56,743 SF
Price Per SF	$61.59	No. Stories	1
Sale Type	Investment or Owner User	Year Built/Renovated	1950/2023
Sale Conditions	Sale Leaseback Redevelopment Project Building in Shell Condition	Tenancy	Single
Property Type	Flex	Clear Ceiling Height	18’
Property Subtype	Light Distribution Industrial Distribution Industrial Manufacturing Industrial Warehouse	No. Dock-High Doors/Loading	1
Building Class	C	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Lot Size	10.39 AC
Zoning	Commercial - Multi-use Commercial

Price	$3,495,000
Price Per SF	$61.59
Sale Type	Investment or Owner User
Sale Conditions	Sale Leaseback Redevelopment Project Building in Shell Condition
Property Type	Flex
Property Subtype	Light Distribution Industrial Distribution Industrial Manufacturing Industrial Warehouse
Building Class	C
Lot Size	10.39 AC
Rentable Building Area	56,743 SF
No. Stories	1
Year Built/Renovated	1950/2023
Tenancy	Single
Clear Ceiling Height	18’
No. Dock-High Doors/Loading	1
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	Commercial - Multi-use Commercial