Beautiful +/-23-acre development opportunity in a prime location adjoining theprestigious 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 planscompleted 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.
Listed By
Agency Name: Crye-Leike Lakeway Real Estate
Shown By
Agent Name: Marjorie Heskett
Agent Phone: (423) 748-4266
| MLS# 711362
This commercial property located at , Morristown, TN 37814 is currently listed for sale by Crye-Leike Lakeway Real Estate, with an asking price of $2,500,000. Search Morristown real estate on mheskett.easttnliving.net today.