Commercial: MLS #711362 Morristown, TN $ 2,500,000
Commercial: MLS #711362
$ 2,500,000
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Commercial: MLS #711362

Morristown, TN, 37814
$ 2,500,000
Bedrooms-- Baths--

Monthly Estimate*

$ 15,393

MLS #/Web ID: 711362 - Image 1
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MLS #/Web ID: 711362 - Image 11

Commercial Property for sale in Morristown, TN

for $2,500,000. The lot size is 23.

Beautiful ±23-acre development opportunity in a prime location adjoining the prestigious Lochmere community. These three adjoining tracts are being sold together as one exceptional investment parcel with unlimited potential. Currently zoned R-3 High Density Residential and approved as a Planned Unit Development (PUD). The property offers tremendous flexibility for residential development. Existing approved site plans include:  Duplex buildings lining the street frontage  Condo-style buildings facing Lochmere with architectural elevations and floor plans completed  A proposed 3-story apartment building approved for 40 townhomes  An additional ''Future Development'' section allowing for expanded possibilities. The original PUD approval included a minimum of 242 residential units, with additional density potential in the future development area, and notably did not establish a maximum unit cap. This highly desirable location combines convenience, natural beauty, and proximity to one of the area's most sought-after residential communities, making it ideal for apartments, condominiums, townhomes, or mixed residential concepts. Buyer and agent to confirm all information to their satisfaction. All information per CRS.

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Commercial Active

Price

$ 2,500,000

Property Type

Commercial

Taxes

$ 134,975

Style

Unimproved Land

Lot Size

23

Town/City

Morristown

County/Region

Hamblen

MLS | Web ID

711362

Features
General
Utilities Cable Available Electricity Available Water Available
Possession Close Of Escrow
Zoning R 3
Property Subtype Unimproved Land
Tax Year 2025
Additional Parcels Description 024 130.03 024 106.00 024 106.01
County Hamblen
Property Type Commercial Sale
Status Active
Directions Traveling North on Cherokee Drive to right on Noes Chapel Rd. to properties on right. See signs.
City Morristown
Zoning Description High Density Residential
Lot Size Units Acres
Lot Size Square Feet 1001880.0
Property Attached Y/N N
Land Lease Y/N N
Tax Annual Amount 134975.0
Lease Renewal Y/N N
Additional Parcels Y/N Y
Lease Considered Y/N N
Availability Date 2026-05-02
Standard Status Active
Occupancy Type Vacant
Legal Description 024 130.02
Senior Community None
New Construction None
Water Body Access Y/N None
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Exterior
Lot Features Irregular Lot
Water Source Public
Lot Size Area 23.0
Lot Size Acres 23.0
Road Frontage Type County Road
Crops Included Y/N N
Irrigation Water Rights Y/N N
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Interior
Air Conditioning Y/N N
Heating Y/N N
Total Baths 0
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* Excluded Features
List By
Crye-Leike Lakeway Real Estate

Broker

radiomanone@hotmail.com

Email

Affordability Calculator

$26,641
Per Month
58%
42%
0%
Monthly Principal & Interest
$15,393
Monthly Property Taxes
$11,248
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
2484365 Elementary School
2484217 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/2/2026$2,500,000 Listed Price

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