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$875,000
Est. payment /mo
25.67 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1307842
Lot Size 25.670 Acres
Acres 25.67
Source East Tennessee REALTORS® MLS
Property Description
Presenting 26± acres of residential development land located at 1770 Walters Dr, Morristown, TN 37814. This strategically positioned site sits within city limits and is currently zoned R-2 (Medium Density Residential), allowing for single-family, duplex, and triplex dwellings by right.
The R-2 zoning supports approx. 8-9 units per acre for two- and three-family configurations, translating to a potential 200+ unit yield under optimized planning. The seller has previously explored development feasibility and had preliminary concept plans drawn for 86 single-family homes, offering a strong starting point for builders or residential developers.
With city utilities nearby and easy access to schools, shopping, and major corridors, this tract is ideally suited for a residential subdivision, duplex community, or garden-style apartment development (with rezoning or special use permit approval).
The R-2 zoning supports approx. 8-9 units per acre for two- and three-family configurations, translating to a potential 200+ unit yield under optimized planning. The seller has previously explored development feasibility and had preliminary concept plans drawn for 86 single-family homes, offering a strong starting point for builders or residential developers.
With city utilities nearby and easy access to schools, shopping, and major corridors, this tract is ideally suited for a residential subdivision, duplex community, or garden-style apartment development (with rezoning or special use permit approval).
Location
State TN
County Hamblen County - 38
Area 25.67
Zoning Zoned Residential
Exterior
Topography [object Array]
Road Frontage , City
Garage No
Building
Lot Description Corner Lot, Irregular Lot
Faces Turn off of W Andrew Johnson Highway onto Walters Drive, continue for approximately one mile, on the right, and across the Water Treatment Plant is 1770 Walters Drive.
Others
Restrictions No
Tax ID 033F A 006.00
Acceptable Financing Cash, Conventional, New Loan
Listing Terms Cash, Conventional, New Loan
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Listed by SVN I Wood Properties