Single Family Residence in Morristown, TN

Located along a major commercial corridor in Morristown, this fully renovated home with commercial flexibility offers a rare opportunity for first-time buyers, small business owners, and income-focused investors. Situated on three combined parcels totaling approximately 0.72 acres and zoned C-1, the property provides excellent visibility and long-term versatility for residential living, office use, or a convenient live-work setup. The main residence was completely updated in 2025 and now offers approximately 996 square feet of comfortable living space with a living room, kitchen, bathroom, two bedrooms, bonus room, and laundry closet. Updates include new sheetrock throughout, fresh paint, modern lighting, updated kitchen appliances and cabinets with solid countertops, a new split-system HVAC, commercial-grade tongue-and-groove floating flooring, updated electrical, new exterior metal siding, and a new metal roof. The former patio has been enclosed to create additional air-conditioned living space, adding to the home's functionality and comfort. The kitchen is equipped with a dishwasher, electric range, refrigerator, and built-in microwave, making it both practical and easy to maintain. The property is served by public electricity, public water, and public sewer, providing reliable and efficient utilities for both residential and business use. It is currently occupied by a residential tenant paying $1,100 per month, with a lease in place through June 2026, offering immediate and stable rental income for investors. This makes the property well suited for landlords seeking a turnkey rental, as well as owner-occupants planning for future use. Two adjoining vacant parcels add valuable extra land for parking, future expansion, or additional development, further enhancing long-term investment potential. Whether you are a first-time buyer, a small business owner seeking an affordable office location, or an investor looking for steady income with upside, this property offers exceptional flexibility and a unique opportunity to own in a growing and highly visible area. Interested parties are encouraged to contact the listing broker for additional details, to schedule a private showing, or to discuss submitting a letter of intent or purchase offer.