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Listed by Cory King • eXp Realty
$ 55,000
Est. payment | /mo
$ 55,000
Est. payment | /mo
Key Details
Property Type Multi-Family
Listing Status Coming Soon
Purchase Type For Sale
MLS Listing ID 3631544
Year Built 1944
Annual Tax Amount $1,013
Lot Dimensions 273 x 94 x 260 x IRR
Property Description
RARE COMMERCIAL INVESTMENT OPPORTUNITY | MORGAN COUNTY HWY FRONTAGE | 1.13 ACRES | 3 EXISTING STRUCTURES
Exceptional opportunity to own a versatile commercial investment property featuring 1.13 acres with road frontage along Morgan County Hwy! This unique property includes three existing structures, offering a variety of possibilities for commercial investors, entrepreneurs, business owners, and redevelopment-minded buyers.
The property features a 1-bedroom, 1-bath single-family home, a 4-unit efficiency motel, and a former restaurant building. The combination of residential, lodging, and former restaurant structures creates an opportunity to explore multiple potential business ventures, rental possibilities, hospitality uses, or future redevelopment, subject to zoning and applicable approvals.
With highway frontage, multiple existing buildings, and 1.13 acres of land, this property offers an attractive opportunity for buyers seeking commercial real estate with existing improvements and potential for repositioning. Located along Morgan County Hwy in a peaceful rural setting, the property offers convenient roadway access and the opportunity to serve surrounding communities and travelers.
Whether you're searching for commercial investment property, motel or hospitality property, restaurant redevelopment, multi-structure commercial acreage, or your next business venture, this property deserves a closer look. Bring your vision and explore the possibilities!
PROPERTY SOLD AS-IS. Seller will make no repairs. Buyers to perform their own due diligence regarding property condition, zoning, permitted uses, and redevelopment potential.
Exceptional opportunity to own a versatile commercial investment property featuring 1.13 acres with road frontage along Morgan County Hwy! This unique property includes three existing structures, offering a variety of possibilities for commercial investors, entrepreneurs, business owners, and redevelopment-minded buyers.
The property features a 1-bedroom, 1-bath single-family home, a 4-unit efficiency motel, and a former restaurant building. The combination of residential, lodging, and former restaurant structures creates an opportunity to explore multiple potential business ventures, rental possibilities, hospitality uses, or future redevelopment, subject to zoning and applicable approvals.
With highway frontage, multiple existing buildings, and 1.13 acres of land, this property offers an attractive opportunity for buyers seeking commercial real estate with existing improvements and potential for repositioning. Located along Morgan County Hwy in a peaceful rural setting, the property offers convenient roadway access and the opportunity to serve surrounding communities and travelers.
Whether you're searching for commercial investment property, motel or hospitality property, restaurant redevelopment, multi-structure commercial acreage, or your next business venture, this property deserves a closer look. Bring your vision and explore the possibilities!
PROPERTY SOLD AS-IS. Seller will make no repairs. Buyers to perform their own due diligence regarding property condition, zoning, permitted uses, and redevelopment potential.
Location
State TN
County Morgan County
Interior
Heating Electric, Natural Gas, Other
Cooling None, Other
Flooring Laminate, Other, Vinyl
Fireplace N
Exterior
Utilities Available Electricity Available, Natural Gas Available
View Y/N false
Roof Type Asphalt
Private Pool false
Building
Structure Type Frame,Stone,Other,Brick
New Construction false
Schools
Elementary Schools Sunbright School
Middle Schools Central Middle School
High Schools Central High School
Others
Senior Community false
Special Listing Condition Standard
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