SEI Office
Office
for Sale
| Catylist Listing ID: |
30817578 |
| Property Subtypes: |
Office Building
|
| Building Size (RSF): |
10,704 SF
|
| Gross Land Area: |
1.13 Acres
|
| Sale Price: |
$1,100,000 |
| Unit Price: |
$102.77 PSF |
| Ceiling: |
12 ft. |
| In Opportunity Zone? |
Yes |
| Property Use Type: |
Vacant/Owner-User |
| Building Name: |
Southeast Industrial |
| Class of Space: |
Class B |
| Usable Size (USF): |
10,704 SF |
| Core Factor: |
10,000% |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| LEED Certified: |
Yes |
| Last Updated: |
1/27/2023 |
Overview / Comments
|
Located in the heart of Morristown is this highly visible office former Bank Building. Completely renovated office interior, with new roof and new double insulated windows, four newHVAC systems, security system. The building offers a separate entrance to downstairs that can double as a source of income for rental space or community events with mounted flat screen TV's. The building has many unique features and a multitude of uses, including a vault and drive thru window on the main level and large conference rooms downstair with private offices and bathrooms
|
Additional Details
| Nearest MSA: |
Morristown |
| County: |
Hamblen |
| Taxing Authority: |
Hamblen Co & City of Morristown |
| Tax ID/APN: |
041D D 001.02 |
| Zoning: |
COMMERCIAL |
| Property Located Between: |
Office sits between Farris Motor Co & Volunteer Blind on W Morris Blvd |
| Property Visibility: |
Excellent |
| Highway Access: |
Accesible from W Morris Blvd |
| Airports: |
McGee Tyson |
| Site Description: |
The site is slightly raised to a level lot with 10KSF paved asphalt providing 30+ parking spaces. This building is a former financial institution with a vault and safety deposit boxes, operational drive thru window. Owner has installed a new roof, 4 new HVAC units, new double pain window, security system and completely renovated both the upstairs and down. Downstairs is accessible from the inside and a stand alone access from the outside making it ideal as a separate space for rental. The building has many uses; i.e., a professional office, bank, insurance company or a Jewelry Store Located in the heart of the City with two full access points on Morris Blvd and two full accesses on Dice St. This is a must see to appreciate. |
| Area Description: |
Morris Blvd is the main thorough fare for the City connecting the East to the West and only blocks away from downtown and minutes from College Square Mall on the ease and Cherokee Crossing to the West. Morristown has experienced unprecedented Commercial Growth over the past 5-6 years with new businesses and restaurants. TN College of Applied Technology recently opened a new facility across the street from CEI |
| Total Number of Buildings: |
1 |
| Number of Stories: |
2 |
| Typical SF / Floor: |
10,704 SF |
| Year Built: |
1976 |
| Year Renovated: |
2021 |
| Roof Type: |
Flat |
| Construction/Siding: |
Brick |
| Exterior Description: |
Brick |
| Parking Type: |
Surface |
| Parking Description: |
Asphalt 10,000SF Paved |
| Total Parking Spaces: |
35 |
| Sprinklers: |
None |
| Heat Type: |
Electricity |
| Heat Source: |
Ceiling Units |
| Air Conditioning: |
Engineered System |
| Internet Access: |
Cable |
| Interior Description: |
Polished brick & carpet floors. Main level has open lobby and offices |
| Zoning Description: |
LIght Industrial |
| Lot Frontage: |
246 |
| Lot Depth: |
254 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Easements: |
Utilities |
| Easements Description: |
Utility |
| Land Ownership: |
Individual |
| Legal Description: |
Lot 4-R Plat Cabinet 310 Register's Office in Hamblen Co TN |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
7,914 |
30,869 |
45,508 |
| Median Age: |
32.93 |
37.31 |
38.72 |
| Households: |
2,999 |
12,161 |
17,895 |
|
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