3004 Andrew Johnson HwyMorristown, TN 37814

Property Details for 3004 Andrew Johnson Hwy

Year built

1968

Construction

WOOD

Lot size

2.56 AC

Property size (Sq ft)

16,536 SF

Property type

Healthcare properties

Property subtype

Medical offices

APN

032041A A 06301

APU

032041AA06301

Description

This exceptional retail property, located at 3004 W Andrew Johnson Highway in Morristown, Tennessee, offers 15,354 square feet of total building space. Currently, there is 4,666 square feet of vacant space available for lease, perfect for a variety of retail businesses. The property is situated in Hamblen County, zip code 37814, and benefits from high visibility and accessibility due to its location on W Andrew Johnson Highway. The building is classified as multi-tenant, presenting an opportunity for expansion or collaboration with existing tenants. The available space provides ample room for a substantial retail operation, offering significant potential for growth and profitability. This prime location in Morristown offers easy access to a thriving community and strong consumer base. The property's size and layout are ideal for businesses seeking a prominent presence in a busy commercial area. Interested parties are encouraged to inquire about lease terms and conditions to explore this exciting opportunity. The property is categorized as retail commercial space. The address is 3004 W Andrew Johnson Hwy, Morristown, TN 37814.

• CAP approach

  CAP return

  Valuation

  6%

  $4,230,450

  6.5%

  $3,905,031

  7%

  $3,626,100

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,361,409

  Geo Method

  $1,361,409

• Alternative Use

  Use

  Valuation

  Residential

  $4,842,238

  Hospitality

  $4,435,464

  Educational

  $3,690,254

  Medical

  $3,817,168

  Retail

  $5,740,395

Location Insight

City

Morristown

County

Hamblen

State

Tennessee

Latitude

36.2012

Longitude

-83.3365

CBSA code

34100

CBSA name

MORRISTOWN, TN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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