110 Acres for Development in Morristown, TN

Vacant Land for Sale
Sale Pending/Contingent
Catylist Listing ID: 30719120
Property Subtypes: Residential (Single Family), Other
Status: Pending/Contingent
Gross Land Area: 110.68 Acres
Sale Price: $999,000
Unit Price: $9,026 Per Acre
In Opportunity Zone? Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/14/2021

Overview / Comments

The property for sale is a combination of two tax parcels (041 030.00 & 041 029.00) and totals approximately 110 acres. This is an ideal property and location for a residential development. The property adjoins one of Morristown's two public golf course and is just minutes from downtown and schools. The property is mostly cleared and has approximately 700' of frontage on Valley Home Road.

Additional Details

Nearest MSA: Morristown
County: Hamblen
Tax ID/APN: 032041 03000
Zoning: R3: HIGH DENSITY RESIDENTIAL DISTRICT
Available Utilities: Electric, Water
Water Service: Municipal
Sewer Type: Septic

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,363 28,136 43,439
Median Age: 33.5 37.86 38.46
Households: 1,352 11,078 17,077

Contact

Photograph of Listing Agent

Robert Strickland

Furrrow Strickland Real Estate
NETAR CMLS Member
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