Share This Listing

Message

927 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the broker for more information about this property

635 Veterans Pky - West Morristown Development Land 28.42 Acres of Agricultural Land Offered at $1,421,000 in Morristown, TN 37813

Save this listing!

Favorite this listing to get notified of price updates, new media and more

INVESTMENT HIGHLIGHTS

  • Close proximity to Andrew Johnson Highway
  • Five minutes from the Morristown Regional Airport and Interstate 81
  • Located in a 2023 Qualified Census Tract
  • Two minutes from Morristown Landing, the new community center and the new Covenant Health Emergency Center
  • Located in the most desirable school zone in Morristown
  • Located in an Opportunity Zone

EXECUTIVE SUMMARY

Located in the growing West Morristown submarket just 2 minutes from Andrew Johnson Highway, this site is in an ideal location for development of market rent multifamily, 55 and over housing, senior living, affordable housing or any number of other beneficial uses.

PROPERTY FACTS

Price $1,421,000
Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Agricultural
Proposed Use
Multifamily
  • Apartment Units
  • Apartment Units - Senior
  • Apartment Units - Subsidized
  • Rehabilitation Center
  • Self Storage
Total Lot Size 28.42 AC
Opportunity Zone Yes
Zoning Agricultural - Purchaser will have to submit for annexation into the City of Morristown and rezoning for desired use.

1 LOT AVAILABLE

Lot

Price $1,421,000
Price Per AC $50,000.00
Lot Size 28.42 AC

28.42 acres located along Veterans Parkway in close proximity to recent development in West Morristown. Ideally suitable for multifamily or senior housing.

DESCRIPTION

Located in the growing West Morristown submarket just 2 minutes from Andrew Johnson Highway, this site is in an ideal location for development of market rent multifamily, 55 and over housing, senior living, affordable housing or any number of other beneficial uses. Purchaser will be responsible for annexation and rezoning to appropriate use.

  • Listing ID: 29547917

  • Date on Market: 9/18/2023

  • Last Updated:

  • Address: 635 Veterans Pky, Morristown, TN 37813

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}