Former Bank Building

Office for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30673741
Property Subtypes: Medical, Mixed Use, Flex Space, Office Building, Other
Building Size (RSF): 5,042 SF
Gross Building Area: See Agent
Gross Land Area: 0.86 Acres
Sale Price: $850,000
Unit Price: $168.58 PSF
Property Use Type: Vacant/Owner-User, Business
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/16/2021

Overview / Comments

For Sale or will consider 5+ year absolute net lease to a high credit tenant. Former bank building in Seymour, TN. Last tenant was CNB Bank who relocated nearby. The property is currently vacant and in excellent condition. Good opportunity for an owner-occupant or investor. Exceptional location for a bank/credit union, Medical, jeweler, attorney, real estate or other professional office or other use.

This property has great visibility on busy Chapman Hwy. which has high traffic counts (28,908 ADT). The property is located in unincorporated Blount County almost midway between downtown Knoxville (9.5 miles) and Sevierville (14 miles).

The property is about ¾ acre and has 28 parking spaces and street access on three streets. Two pole signs. The building is approximately 5,042 sq. ft. on 2 floors and has a drive-through set-up. The upper level has large open area with teller stations, one large office and a large vault (it conveys, as does all smaller safes and other fixtures). There is a stairway down to the lower level which features a conference room, 2 restrooms, small kitchen/break room & 2 private offices. The lower level has an exterior entrance and a roll up gate at the bottom of the stairs which allowed the prior tenant to allow civic groups to use the space when the bank was closed.

CapEx includes: New 5-ton HVAC (2017) (1 of 3 units); New roof (2014), Paving (2012).

A surveyor is in the process of relocating the west lot line, subject to approval by the authorities. The change is not expected to materially affect the subject property. Contact a listing agent for current status and details.

LEASE TERMS
Owner prefers to sell but will consider an absolute net lease to a tenant with strong credit at $13.75/SF/Yr. ($5,777/month) as Base Rent + Additional Rent for property taxes . Tenant responsible for building insurance and all maintenance of the property. Lease Term at least five (5) years and subject to Landlord sole approval of the tenant's credit worthiness.

HIGHLIGHTS
• High traffic count
• Great visibility
• Well maintained
• Ample parking

Additional Details

Nearest MSA: Sevierville
County: Sevier
Tax ID/APN: 005004E A 00800
Zoning: C
Property Located Between: South Knoxville & Seymour
Property Visibility: Excellent
Highway Access: Hwy 441
Airports: TYS
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 2,500 SF
Year Built: 1969
Year Renovated: 2014
Roof Type: Arched
Construction/Siding: Brick, Stucco
Exterior Description: Brick and Stucco exterior
Parking Type: Surface
Parking Description: Front and rear parking
Total Parking Spaces: 28
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable
Interior Description: Bank buildout
Zoning Description: Blount county commercial
Lot Frontage: 200
Lot Depth: 195
Water Service: Municipal
Sewer Type: Municipal
Easements: Ingress/Egress
Easements Description: Easement being created between neighboring restaurant & bank
Land Ownership: Fee simple

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,822 17,822 34,370
Median Age: 43.61 41.64 40.27
Households: 743 7,028 13,290

Contact

Photograph of Listing Agent

Steve Goldman, CCIM

Goldman Partners Realty, LLC KAAR CIE Member
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