First Tennessee Bank Building for LEASE or SALE

Retail-Commercial for Sale
Catylist Listing ID: 30788212
Property Subtypes: Convenience Store, Mixed Use, Restaurant, Service Station/Gas Station, Street Retail, Tavern/Bar/Nightclub, Other
Building Size (RSF): 4,500 SF
Gross Building Area: See Agent
Gross Land Area: 1 Acre
Sale Price: $550,000
Unit Price: $122.22 PSF
Ceiling: 10 ft.
Has Drive-Thru? Yes
Property Use Type: Vacant/Owner-User, Business
Building Name: First Tennessee Bank
Sale Terms: Cash to Seller, Purchase Money Mortgage, Other
Cap Rate: Undisclosed
Last Updated: 4/27/2022

Overview / Comments

Bank Building-First Tennessee Bank.
This is a steel at this price and there is no way you could by the land and build it the way it sits anywhere near this selling price. This fully functioning Bank Building sits right in the heart of the business district with 100+ feet of road frontage on Hwy 25E in White Pine, Tn. Direct neighboring businesses include Food City, CNB Bank, Sonic Drive-In and Ramsey's Furniture. The property has 36+ spaced and lined parking spaces and 3 separate entrances and exits for easy traffic access. The interior is in great shape and all of the bank interior necessities transfer with the sale to the new owner such as: Walk-In Vault Safe room fully equipped with all key and codes, over 100+ Safe deposit boxes and smaller safes, Fully operational tube system, 6' X 3' separate moveable safe, all desks, displays, money boxes etc. Please call me for more information or to set up an appointment to tour the property.

Additional Details

Nearest MSA: Morristown
County: Jefferson
Taxing Authority: City
Tax ID/APN: 045028JA01100
Zoning: COMMERCIAL
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Other
Property Located Between: Food City and Sonic Drive-In
Property Visibility: Excellent
Largest Nearby Street: Main St./Highway 25E
Feet of Frontage: 100
Traffic/Vehicle Count: 5,000
Highway Access: Yes to Interstate 81 and Interstate 40
Airports: Knoxville (TYS) 50 Mi
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Good
Year Built: 1977
Roof Type: Flat
Construction/Siding: Brick
Parking Type: Surface
Parking Description: 36+ spaced and painted on site parking spots
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Fiber Optic
Interior Description: Fully functioning very clean bank building. Building has a full Walk-In Vault equipped with safes, safe deposit boxes along with all codes and keys, fully functioning vacuum tubes system, offices, ADA compliant bathrooms along with breakrooms and kitchen. Lower level has a huge kitchen/breakroom and extra storage rooms.
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Land Ownership: Owned
Legal Description: 028J 011.00 Lots 2-4

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,174 4,771 13,664
Median Age: 40.71 39.7 42
Households: 845 1,818 5,413

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