Address withheld at seller's request
Address withheld at seller's request, Morristown, TN 37814
$2,500,000
MLS# 711362
Listing courtesy of Crye-Leike Lakeway Real Estate · David Quillen
1 / 11About this property
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.
MLS #711362 · Lakeway Area Association of REALTORS®
Property facts
- Status
- Active
- Property type
- Unimproved Land
- Bedrooms
- —
- Bathrooms
- 0
- Living area
- —
- Lot size
- 23 acres
- Year built
- —
- County
- Hamblen
- Price / sq ft
- —
- Days on market
- 106
- MLS number
- 711362
- Listing office
- Crye-Leike Lakeway Real Estate
Location
Morristown, TN — exact address withheld at the seller's request
Listing data courtesy of Lakeway Area Association of REALTORS®
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