Office Building in Morristown

Morristown, TN (Hamblen County)

Office Building in Morristown

Asking Price:$499,900

Gross Revenue:N/A

Price/Sq. Ft.:$63.31


Building Sq. Ft.:9,080


Year Built:1977

Office Building in Morristown

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Property Description

Great opportunity for owner occupant and/or investor. Large office building located in the heart of Morristown's business district. Easy access from two major streets and high traffic count to insure business visibility. Highest and best use is as a medical or professional office as Morristown is the healthcare center for the Lakeway Region of East Tennessee. Two hospitals are located within minutes of the building and several healthcare professionals have buildings adjacent to this property. The building is currently vacant and can be shown anytime.

Detailed Information

Building Sq. Ft.:
Building Status:
Prime commercial office building in Morristown's business district. Located on the corner of W. Morris Blvd. and Dr. M.L. King, Jr Parkway at a traffic light the building is accessible from both streets. Three office suites and all are vacant - the owner has relocated his medical practice to Knoxville. Great opportunity for an owner occupant and/or investor. Best suited for medical or professional office the property is zoned IB (Intermediate Business). The building is 28 years old, however, the roof is 10 years old. Approximately 40 parking spaces - 18 are in the back of the building. Employees and staff can conveniently access the building from back entrances into all three office suites.
Current Property Expenses:
Annual County Property Tax is $4,717.95; Annual City Property Tax is $3,020.64
Location Description:
The building is located at a busy intersection and enjoys a traffic count of approximately 30,000 cars per day. Large commercial development across the street is in the initial stages. Morristown is a health care hub for Lakeway Region of East Tennessee and there are several medical offices located adjacent to this building, approximately 5-10 minutes to both hospitals.
Current and Prior Use:
The largest suite was occupied by the owner who is a physician. He has relocated to Knoxville. The other two suites have been used by a church, insurance agency, office, etc.

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Rhonda Krenzer

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Rhonda Krenzer

ReMax Real Estate Ten

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