821 Lincoln AveMorristown, TN 37813

Property Details for 821 Lincoln Ave

Lot size

1.59 AC

Zone code

R2

Property type

Specialty properties

Property subtype

Other specialty properties

APN

032041E B 03400

APU

032041EB03400

Description

This exceptional 9,180 square foot mixed-use building, situated on a generous 1.6-acre lot in Morristown, Tennessee, presents a remarkable investment opportunity. Previously occupied by a non-profit organization, this versatile property offers a multitude of potential uses. The main level features ample space suitable for various commercial ventures, complemented by a substantial basement area. This lower level includes a fully equipped commercial kitchen and a large dining area, perfect for restaurant or catering operations. The building boasts six convenient entrances and exits, enhancing accessibility and functionality. Additional features include two bathrooms on the main level and three in the basement, two of which are located within two partially finished basement areas. Significant storage space is available throughout the building. The property benefits from three 220-amp breaker boxes, ensuring sufficient power for diverse business needs. The building has been meticulously maintained and is ready for immediate occupancy. Abundant parking is available on the expansive 1.6-acre lot, providing ample space for customers and employees. The property's size, layout, and location make it an ideal choice for a variety of businesses, including, but not limited to, a church, restaurant, or other commercial enterprises. This is a rare opportunity to acquire a substantial property with significant potential in a desirable location. The asking price is $499,000.

• Alternative Use

  Use

  Valuation

  Residential

  $20,281,410

  Hospitality

  $18,577,662

  Educational

  $15,456,397

  Medical

  $15,987,967

  Retail

  $24,043,284

Location Insight

City

Morristown

County

Hamblen

State

Tennessee

Latitude

36.1987

Longitude

-83.2949

CBSA code

34100

CBSA name

MORRISTOWN, TN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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