Former Bank Branch

Office for Sale
Catylist Listing ID: 30171214
Property Subtypes: Office Building
Building Size (RSF): 2,227 SF
Gross Land Area: 0.97 Acres
Sale Price: $349,000
Unit Price: $156.71 PSF
Ceiling: 9 ft.
Property Use Type: Vacant/Owner-User
Building Name: Former First Tennessee Bank
Class of Space: Class D
Usable Size (USF): 2,227 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/28/2017

Overview / Comments

This contemporary style bank branch would have excellent appeal for continued financial institution use or for conversion to conventional office. Double drive-through on one side of the building. Located just a block from the County Courthouse and the Justice Center, this building could serve title agents, office/service, bail bonding, or title loan companies nicely. Current owner would like to keep an ATM here which would offer a non-bank user rental income.

Ample parking and excellent front and rear access and parking. Lot has frontage on 2 roads, so maximum visibility too.

Additional Details

Nearest MSA: Kingsport-Bristol-Bristol
County: Sullivan
Taxing Authority: Sullivan County
Tax ID/APN: 051P A 9.0
Zoning: COMMERCIAL
Property Located Between: Blountville Hwy. and TNSR 394
Property Visibility: Excellent
Highway Access: Double lane curb cuts on TNSR 126 in the front and Blountville Hwy. on the rear. Traffic counts are around 4-5,000 vpd on each road.
Airports: TCRA is 10 minutes drive
Site Description: Site slopes gently from front to rear. Good parking on both sides - close to the entrances.
Area Description: Blountville is the Sullivan County seat and serves as a neighborhood trade center. Other commercial users within 500 yards include Pal's QSR, Hardee's, Burger King, the Sullivan County Courthouse, corporate offices for Pizza Plus, and others.
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1975
Year Renovated: 2006
Roof Type: Gable
Construction/Siding: Wood Siding
Exterior Description: Contemporary Design with front and rear entrances and double drive-through on the side.
Parking Ratio: 71 (per 1000 SF)
Parking Type: Surface
Parking Description: Open Air
Total Parking Spaces: 15
Heat Type: Electricity
Heat Source: Heat Pump
Air Conditioning: Package Unit
Interior Description: Functional layout with 2 teller stations, private manager's office, customer counter and waiting, and a conference room with wet bar upstairs.
Water Service: Municipal
Sewer Type: Municipal
Easements Description: None known.
Land Ownership: Fee Simple

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 904 11,882 23,990
Median Age: 43.1 43.07 43.64
Households: 427 4,799 9,913

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