455 Fish Hatchery Rd

Welcome to 455 Fish Hatchery, Morristown, TN – an exceptional investment opportunity in the heart of a rapidly developing area. This property boasts a strategic location just off Davy Crockett Parkway, offering easy access to Interstate 81, ensuring high visibility and convenience for both residents and businesses alike.
Property Highlights:
Residential Units: Currently, the 13 apartment units are under-rented, presenting an immediate opportunity for increased rental income. With competitive market rates achievable in the area, there is substantial upside potential in optimizing these units.
Commercial Spaces: Out of the 7 available commercial spaces, 6 are leased, though they are currently below market rates. This provides a chance to renegotiate leases at higher rates as they come up for renewal, significantly enhancing cash flow. Additionally, the vacant commercial unit represents an opportunity to add further value through leasing or redevelopment.
Convenience Store with Gas Pumps: The property includes a fully operational convenience store equipped with 4 gas pumps. This established business contributes stable income and offers potential for additional revenue streams through strategic management and marketing initiatives.
Location Advantages:
High Traffic Area: Located off a major parkway and close to Interstate 81, the property benefits from steady traffic flow and visibility, essential for retail and residential occupancy.
Growing Community: Morristown is experiencing rapid growth, making it an attractive destination for both businesses and residents seeking convenience and accessibility.
Investment Strategy:
This investment opportunity is ideal for savvy investors looking to capitalize on the underutilized potential of both residential and commercial spaces. By implementing strategic improvements and adjusting rental rates to reflect market value, significant increases in cash flow and property value are achievable.
Financial Overview:
Current below-market rental rates present an opportunity for immediate income growth.
Stable income from the convenience store and potential for increased profitability through operational enhancements.
Favorable market conditions and strategic location ensure long-term appreciation and occupancy stability.
Conclusion:
455 Fish Hatchery presents a compelling investment opportunity in Morristown, TN, offering a mix of under-rented residential units, below-market commercial leases, and a thriving convenience store with gas pumps. With its strategic location and potential for increased profitability, this property is poised to deliver strong returns and long-term value appreciation.
For more details and to schedule a viewing, contact us today to seize this promising investment opportunity in one of Tennessee's most dynamic real estate markets.