Retail-Commercial-Office Historic Downtown Loudon

Office for Sale
Catylist Listing ID: 30800837
Property Subtypes: Office Building
Building Size (RSF): 9,063 SF
Gross Building Area: See Agent
Sale Price: $56.28 PSF
Total Price: $510,065
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Class of Space: Class C
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/2/2022

Overview / Comments

Rare opportunity to own a great piece of Historic Downtown Loudon. Once was First National, then BBT, then most recent Malibu leased offices. Currently vacant and ready for new chapter in Loudon. Space perfect for Medical, Lawyer, or many different business ideas. Built in 1921 renovated 2019. Open LOT next door perfect for private parking area! Original bank building Vaults and File Room still intact. Safe Door is a beautiful piece of handywork and History. Spaces include 3 office suites, many single office rooms, wide open area great for cubicles, his/her restrooms, break room. 2 conference rooms. 93 ft road frontage off Wharf Street. 121 ft road frontage off Grove with a lot of public parking surrounding the square.

Additional Details

Nearest MSA: Knoxville
County: Loudon
Taxing Authority: City of Loudon
Tax ID/APN: 053041AB01100
Property Located Between: College Street and Wharf Street facing Grove Street Downtown Loudon
Property Visibility: Excellent
Highway Access: Directly off the Hwy 11 toward Wharf Street and building right on corner.
Airports: McGhee Tyson Airport
Site Description: This listing includes 3 parcels. 041A-B-011.00 041A-B-012.00 041A-B-013.00
Area Description: Historic Downtown Loudon, across from the beautiful center water fall, Tic Tok ice cream Parlor, Tommy's restaurant, County Courthouse across the way. If rumor is true renovation construction to begin May 2022.
Total Number of Buildings: 2
Number of Stories: 2
Typical SF / Floor: 10,000 SF
Year Built: 1921
Year Renovated: 2019
Roof Type: Flat
Construction/Siding: Brick, Brick/Vinyl Siding
Parking Description: Public parking all around square. Potential private parking in empty lot included in sale.
Heat Type: Electricity
Heat Source: Central
Zoning Description: Historic City of Loudon
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,211 10,326 30,464
Median Age: 46 44.98 43.92
Households: 888 4,098 12,401


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