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
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

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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


Photograph of Listing Agent

Terry Ball

Re/Max Real Estate Ten
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