LARGE Retail/Office Building Historic Downtown Loudon old BANK

Office for Sale
Catylist Listing ID: 30800837
Property Subtypes: Executive Suites, Office Building
Building Size (RSF): 9,063 SF
Gross Building Area: See Agent
Sale Price: $41 PSF
Total Price: $371,583
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User, Business
Building Name: Loudon Business Center
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/19/2022

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 uses. 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.
Owner/Agent

Additional Details

Nearest MSA: Knoxville
County: Loudon
Taxing Authority: City of Loudon
Tax ID/APN: 053041AB01100
Zoning: HISTORIC DISTRICT
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. Huge growth planned over next few years. Downtown Courthouse construction planned completion 2023. Great investment opportunity!
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. 12 space private parking in empty lot included in sale.
Heat Type: Electricity, Propane
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable
Interior Description: Inside has finished office space with breakroom, bathrooms, conference rooms.
Zoning Description: Town of Loudon
Water Service: Municipal
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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