Morristown, TN Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Morristown, Tennessee Market population: 29K. Compare commercial properties across all major asset classes with...
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12 properties found
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⭐ Featured
Strategic Oakland Investment: 5476 Vicente Way in High-Demand 94609 Zip Code
$1,200,000
Oakland
Multifamily
Cap Rate
2.70%
NOI
$32,400
Size
1,800 SF
📊 Avg Property Tax Rate For Morristown TN Properties: 0.4400%
⭐ Featured
High-Cap-Rate Value-Add Multifamily Investment in Oakland
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,323
Size
6,104 SF
Investor Questions For Morristown TN
Common questions from investors exploring commercial real estate in Morristown TN.
What's the overall investment outlook for Morristown, TN, considering its demographic and economic trends?
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The city's median household income of $33,217, combined with a poverty rate of 27.1%, suggests a working-class market with potential for stable employment, especially given the strong presence of industries like Transportation & Warehousing and Public Administration. The relatively low average commute time of 21.1 minutes and high health insurance coverage rate of 81.4% also indicate a decent quality of life for residents, which could attract and retain tenants.
How does the ethnic diversity and industry mix in Morristown impact real estate demand?
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The diversity in Morristown, with top ethnicities including White, White Non-Hispanic, and Hispanic populations, can contribute to a vibrant community that attracts a wide range of residents. Coupled with the top industries being Transportation & Warehousing, Public Administration, and Finance & Insurance, this diversity suggests a stable and potentially growing demand for housing, as these sectors tend to provide a consistent workforce.
What are the implications of Morristown's poverty rate and health insurance coverage for real estate investors?
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The 27.1% poverty rate in Morristown, while significant, is somewhat mitigated by the 81.4% health insurance coverage, indicating that many residents have access to employment benefits or other forms of health insurance. This combination suggests a market where tenants may face financial challenges, but a notable portion of the population has some level of employment stability, which can be beneficial for investors looking for relatively stable rental income.
How do the commute times and transportation methods in Morristown affect the attractiveness of the area for investors?
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The average commute time of 21.1 minutes in Morristown, which is relatively short, and the top commute methods being driving alone, carpooling, and other methods, suggest that the city has decent transportation infrastructure. This can make the area more attractive to potential residents who value convenience and shorter commutes, thereby supporting demand for housing and potentially benefiting real estate investors.
What insights can be gleaned from Morristown's median property value, property taxes, and homeownership rate for investment purposes?
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The median property value of $110,700, combined with a median property tax of $5,948 and a homeownership rate of 51.5%, provides a mixed picture for investors. On one hand, the relatively affordable property values could offer opportunities for investment at a lower cost. On the other hand, the property taxes, while significant, and the homeownership rate suggest a balanced market where there is both room for rental properties and a sizable segment of the population that owns their homes, which can contribute to neighborhood stability.
Morristown TN Real Estate & City Facts
Key facts and real estate information about Morristown TN.
What are some of the best neighborhoods to live in Morristown?
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Some of the best neighborhoods to live in Morristown, TN are Lochmere Drive, Springvale, Seven Oaks, Brookfield, Hickory Shadow, Huntington, and Lochmere. These neighborhoods offer a range of housing options and are considered desirable areas to live in the city.
What are some fun things to do in Morristown?
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There are plenty of fun things to do in Morristown, TN. You can visit the Briarwood Ranch Safari Park, Panther Creek State Park, or explore the downtown area. If you're looking for outdoor activities, you can enjoy boating, fishing, mountain biking, hiking, camping, and disc golf. The city also has a rich cultural scene, with historical sites, museums, and performance venues.
What is the food scene like in Morristown?
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The food scene in Morristown, TN is diverse and delicious. You can find classic Southern dishes at restaurants like Little Dutch Restaurant, or try some comfort food at The Woodshed or Davy Crockett Restaurant. There are also plenty of great food trucks and local eateries serving up everything from burgers to barbecue. If you're looking for something unique, you can check out the local farmers' market or try some of the city's famous cuisine, like fried chicken and country ham.
What are the pros and cons of living in Morristown?
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Living in Morristown, TN has its pros and cons. On the plus side, the city has a low cost of living, a strong sense of community, and plenty of outdoor recreational opportunities. However, the city also struggles with poverty and limited job opportunities. Additionally, some areas of the city may have higher crime rates or limited access to amenities. Overall, Morristown is a great place to live for those who value a small-town atmosphere and are looking for an affordable place to call home.
Is Morristown a good place to live?
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Morristown, TN is a good place to live for those who value a small-town atmosphere and are looking for an affordable place to call home. The city has a lot to offer, from its natural beauty and outdoor recreational opportunities to its rich cultural scene and historic downtown area. While it may have its challenges, Morristown is a great place to live for families, retirees, and young professionals alike. With its low cost of living, friendly community, and growing economy, Morristown is definitely worth considering as a place to live.
⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Apartment Building with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Apartment Building
Cap Rate
7.97%
NOI
$183,300
Size
0 SF
📊 Average Income For Morristown TN Commercial Property: $33,217
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⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Property with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,324
Size
0 SF
⭐ Featured
Prime 18-Unit Multifamily Investment in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
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⭐ Featured
Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA
$1,750,000
San Fernando
Multifamily
Cap Rate
6.66%
NOI
$116,550
Size
5,040 SF
⭐ Featured
Prime Valley Village Multifamily: 48-Unit Modern Apartment Complex with 3.39% Cap Rate
$30,000,000
Valley Village
Multifamily
Cap Rate
3.39%
NOI
$1,017,000
Size
52,393 SF
⭐ Featured
Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate
$1,275,000
San Fernando
Multifamily
Cap Rate
7.76%
NOI
$98,945
Size
10,888 SF
⭐ Featured
Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127
$2,450,000
Miami
Multifamily (Condo)
Cap Rate
%
NOI
$0
Size
30,000 SF
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⭐ Featured
Prime Investment Opportunity: 1531 Green St, Philadelphia, PA - Value-Add Multifamily Asset
$1,375,000
Philadelphia
Multifamily
Cap Rate
%
NOI
$0
Size
6,624 SF
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