Vacant Bank Office and Branch in Bristol

Office for Sale
Catylist Listing ID: 28235794
Property Subtypes: Office Building
Building Size (RSF): 9,616 SF
Gross Land Area: 1.02 Acres
Sale Price: $699,000
Unit Price: $72.69 PSF
Ceiling: 9 ft.
Property Use Type: Investment, Vacant/Owner-User, Business
Building Name: Former United Southeast Federal Credit Union
Class of Space: Class B
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 9/13/2017

Overview / Comments

REDUCED ANOTHER 6%! This building is the former corporate headquarters for a regional credit union. There is a 2-story office of 4,896 sf attached to a 1-story branch bank of 4,720 sf. As you would expect, great corner visibility and access with lots of parking, good interior finish and separate entrances that would allow 2 occupants - general office and financial.

Lots of potential here for a professional office owner to rent the branch out to help cover the debt service. Building still features a vault, a secure fire-proof doc storage room, and numerous pieces of office furniture. The 2-story office building has a separate entrance, elevator and secure record storage.

Seller will finance for qualified buyers.

Additional Details

Nearest MSA: Kingsport-Bristol-Bristol
County: Sullivan
Tax ID/APN: 037P F 012.0
Zoning: B-3, GENERAL BUSINESS
Market Type: Medium
Property Located Between: Downtown and Bristol Motor Speedway
Side of Street: West
Road Type: Highway
Property Visibility: Excellent
Transportation: Highway
Highway Access: Volunteer Parkway
Site Description: Nearly Rectangular Corner Lot Fronting Volunteer Parkway at Driftwood Lane
Total Number of Buildings: 2
Number of Stories: 2
Year Built: 1955
Year Renovated: 2001
Roof Type: Hip
Construction/Siding: Brick
Exterior Description: Nice professional office appearance with ample windows and convenient entrances.
Parking Ratio: 4 (per 1000 SF)
Parking Type: Surface
Parking Description: Striped and sealed asphalt
Total Parking Spaces: 42
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable, DSL
Interior Description: Good quality finish including newer ceramic tile and carpet floors, wood trimmed drywall and drop acoustical tile ceilings.
Lot Frontage: 210
Lot Depth: 154

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,737 21,181 58,645
Median Age: 41.56 43.95 42.28
Households: 1,233 9,289 24,984

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