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Listed by Tony Puglisi • MRG Realty Partners
$ 500,000
Est. payment | /mo
1 Acres Lot
$ 500,000
Est. payment | /mo
1 Acres Lot
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision Universal At Thompson Creek
MLS Listing ID 3612257
HOA Y/N No
Annual Tax Amount $136
Lot Size 1.000 Acres
Acres 1.0
Property Description
1-acre development site on Thompson Creek Rd in an established Morristown multifamily area with convenient access to US 25 and nearby retail. The site is positioned near Walters State Community College, with approximately 3,500 students within a 10-minute bicycle ride. A preliminary 20-unit concept includes a mix of 1, 2 and 3-bedroom apartments, with projected annual gross revenue of approximately $318,960. Walmart Supercenter is approximately 3 minutes away. Parcel 034 020.00. Asking $500,000.
Location
State TN
County Hamblen County
Zoning R2
Interior
Fireplace N
Exterior
View Y/N false
Private Pool false
Building
Lot Description Cleared
Schools
Elementary Schools John Hay Elementary
Middle Schools Meadowview Middle School
High Schools Morristown East High
Others
Senior Community false
Special Listing Condition Standard
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