10415 Wallace Alley - Professional Technology Building - VIDEO TOUR

Office for Sale
Also listed as Retail-Commercial, Special Purpose
Catylist Listing ID: 29693375
Property Subtypes: Business Park, Executive Suites, Governmental, High-Tech, Institutional, Medical, Mixed Use, Flex Space, Office Building, Research & Development
Building Size (RSF): 8,000 SF
Gross Building Area: See Agent
Gross Land Area: 2.55 Acres
Sale Price: $689,000
Unit Price: $86.13 PSF
Property Use Type: Vacant/Owner-User
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: 7.25%
Last Updated: 11/8/2018

Overview / Comments

Contemporary Office Technology building in established Northeast Tennessee Business Park (NETBP). This 8,000 sq ft free-standing facility on 2.5 acres has multiple open rooms, private offices and large reception / technology area. See attached for property plat, identified as Lot 2R. CAP rate 7.256. Competitively priced, owner motivated! Ideal for training or educational center, professional office, governmental entity, research and development lab, nonprofit organization, or regional conference facility.

The Northeast Tennessee Business Park is a 150 acre park designated a FOREIGN TRADE ZONE and designed to accommodate professional office, technology, service businesses and light industrial users

Immediate access to Tri-Cities Regional Airport, Northeast State Community College, and I-81 with Kingsport, Johnson City and Bristol within easy commute. Multiple office and industrial facilities within this popular business park are available, view VIDEO TOUR link and attached property brochure for overview of the 5 property portfolio.

Additional Details

Nearest MSA: Kingsport-Bristol-Bristol
County: Sullivan

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,156 8,202 43,114
Median Age: 47.95 44.65 43.75
Households: 831 3,272 17,973
The information presented herein is provided as is, without warranty of any kind. Neither Northeast Tennessee Association of REALTORS® nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.