Former Bank Building

Office for Sale
Catylist Listing ID: 29834835
Property Subtypes: Executive Suites, Governmental, Institutional, Medical, Office Building
Building Size (RSF): 3,300 SF
Gross Building Area: 3,500 SF
Gross Land Area: 0.34 Acres
Sale Price: $489,900
Unit Price: $148.45 PSF
Property Use Type: Investment, Vacant/Owner-User, Business
Building Name: former First Bank & Trust Bank
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/1/2017

Overview / Comments

One of the best business opportunities available is here, located at the end of Old Abingdon Highway near the corner of Lee Highway and the Exit 5, I-81 entrance ramp in Bristol. This colonial style brick building, is located nearly on Lee Highway and well within the site line and clearly visible from the traffic on Lee Highway near the new home of Cabella's. In fact this building is on the other side of the intersection and is in the parking lot of Black Wolf Harley Davidson, and the strip center which is located on the same parking lot. The building has 5 private offices, several work areas, breakroom, conference room, men's & ladies restrooms, storage and maintenance rooms in addition to a drop box, and safe. The building will be available very soon as the current tenant is relocating and should be out of the building within in next 60 days.

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Additional Details

Nearest MSA: Kingsport-Bristol-Bristol
County: Bristol
Taxing Authority: City of Bristol, Virginia
Tax ID/APN: 264 A 18
Zoning: B-2
Market Type: Small
Property Located Between: Lee Highway and Old Abingdon Highway
Side of Street: South
Road Type: Highway, Highway Interchange
Transportation: Bus, Highway
Highway Access: Old Abingdon Hwy meets Lee Highway in less than 100 feet of the building, and the signalized intersection is provided for access to I-81.
Airports: TRI - Tri Cities Regional Airport
Site Description: Level lot site, located at the corner of the parking lot of the Black Wolf Harley Davidson property at Exit 5, Bristol, Virginia.
Area Description: The immediate area is improving and will soon witness the opening of The Falls, with a Cabella's and soon followed by a new Lowe's as well as other shopping opportunities over the next 12 months.
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 3,500 SF
Year Built: 1989
Roof Type: Gable
Construction/Siding: Brick
Exterior Description: Colonial Style brick building with high level of trim and exterior finish.
Parking Type: Surface
Parking Description: 21 spaces available on site with a potential for more surrounding the property.
Total Parking Spaces: 21
Heat Type: Electricity
Heat Source: Heat Pump
Air Conditioning: Engineered System
Internet Access: Cable, Gigabit
Zoning Description: B-2
Easements: Utilities
Easements Description: Right of way, and side walks
Land Ownership: Fee Simple
Legal Description: Available upon request

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,625 28,336 53,240
Median Age: 42.54 40.65 41.99
Households: 2,062 12,278 22,832
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