Catylist ID:
#28630344
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: | 9/11/2017 |
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. |
Attachments & Media
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 |
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