Erwin Professional Office / Bank Building

Office for Sale
Sale Pending
Also listed as Retail-Commercial
Catylist Listing ID: 28630344
Property Subtypes: Executive Suites, Institutional, Mixed Use, Office Building
Status: Pending
Building Size (RSF): 19,000 SF
Gross Building Area: See Agent
Sale Price: $670,000
Unit Price: $35.26 PSF
Property Use Type: Vacant/Owner-User
Building Name: Regal Beloit Building
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/25/2017

Overview / Comments

The Showcase of downtown Erwin! Exceptional Colonial Style 3-Story Professional Office Building now available. Due to consolidation, the Morrill Motors headquarters property is now for sale. This 19,000 sq ft building began as a historic hotel, renovated to a banking facility and is currently a professional office building. The basement, first and second floors are completely remodeled. Attractively finished with lobby, open and private offices, meeting room, conference room, training room and break room. Facility also has two drive-thru lanes, walk-up window and excellent vault. Large level parking lot.

The town of Erwin has recently completed downtown revitalization in the immediate area including infrastructure upgrade with underground utilites, streetscape and aesthetic updates.

Ideally suited to professional firm, bank/financial institution, educational/training facility, or other user desiring exceptional professional property. Contact listing agent to discuss opportunities.

Additional Details

Nearest MSA: Johnson City
County: Unicoi

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,372 11,897 13,869
Median Age: 44.54 44.94 44.7
Households: 1,470 5,014 5,819

Source

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