1336 Andrew Johnson HwyMorristown, TN 37814

Property Details for 1336 Andrew Johnson Hwy

Year built

1981

Construction

WOOD

Lot size

1.84 AC

Property size (Sq ft)

8,932 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

032033N J 00400

APU

032033NJ00400

Description

This exceptional 8500-square-foot retail property presents a unique investment opportunity in Morristown, Tennessee. Situated on a highly visible 1.84-acre lot with frontage on the busy Andrew Johnson Highway and convenient side road access from Fairmont Avenue, this location offers unparalleled exposure to a large volume of daily traffic. The property is being sold "as is," and includes a wealth of existing restaurant equipment, perfect for a seamless transition into a new culinary venture. The included assets comprise substantial restaurant furniture, multiple coolers, various cooking equipment, grills, two walk-in coolers, and one walk-in freezer. This turnkey setup significantly reduces the initial investment required to establish a successful business. The spacious layout offers ample room for a variety of uses, making it ideal for a restaurant relaunch, a new culinary concept, or even a complete repurposing to suit a different business model. The property's size and location make it an attractive proposition for entrepreneurs seeking a high-visibility location with significant existing infrastructure. The substantial acreage provides ample parking and potential for future expansion. This is a rare opportunity to acquire a well-positioned commercial property with significant existing assets, ready for immediate occupancy and operation. Don't miss this chance to capitalize on this prime Morristown location.

• CAP approach

  CAP return

  Valuation

  6%

  $3,359,094

  6.5%

  $3,100,702

  7%

  $2,879,223

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,853,136

  Geo Method

  $1,853,136

• Alternative Use

  Use

  Valuation

  Residential

  $2,615,558

  Hospitality

  $2,395,837

  Educational

  $1,993,308

  Medical

  $2,061,861

  Retail

  $3,100,702

Location Insight

City

Morristown

County

Hamblen

State

Tennessee

Latitude

36.2086

Longitude

-83.3096

CBSA code

34100

CBSA name

MORRISTOWN, TN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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