1770 Walters Dr
- 26± acres within city limits
- Located in one of Morristown's hottest areas
- Zoned R-2: allows single-family, duplex, and triplex
- Density potential: ~8–9 units/acre under current zoning
- Rough concept plan for 86 single-family homes
- Public utilities available nearby
- Close to amenities and major thoroughfares
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).
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Land/Development |
| Price: | $774,000 |
| No. of Units: | 1 |
| Year Built: | 1929 |
| Lot Size: | 25.67 Acres |
| Opportunity Zone: | No |
| Price per unit: | $774,000 |
| Property Website | Click Here |
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Final Deal Analysis
Similar Properties in the Area
6566 Cliffdale Road
Fayetteville, North CarolinaBrokers
View All-
Remax Professionals
Re/Max Real Estate Professionals | New York
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout