Former Bank Brach

Retail-Commercial for Sale
Sale Pending/Contingent
Also listed as Special Purpose
Catylist Listing ID: 30736035
Property Subtypes: Free-Standing Building, Other
Status: Pending/Contingent
Building Size (RSF): 2,900 SF
Gross Building Area: See Agent
Gross Land Area: 0.55 Acres
Sale Price: $705,000
Unit Price: $243.10 PSF
Ceiling: 10 ft.
Has Drive-Thru? Yes
Property Use Type: Vacant/Owner-User
Building Name: Former BB&T
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/14/2021

Overview / Comments

Signalized corner location just 1 block off I-26 on heavily travelled State of Franklin Road in Johnson City. Located at the entry point to regional destinations including Sam's Club and Cheddars, this visibility and traffic count are outstanding.

Very functional and attractive building has 2 drive-through lanes and an outside ATM lane. Building is about 80% open area with only a few partitioned rooms including 1 office, a break room and the vault area.

Additional Details

Nearest MSA: Johnson City
County: Washington
Taxing Authority: Washington County
Tax ID/APN: 37F A 01403
Retail Clientele: General, Family, Business, Traveler, Tourist
Property Located Between: State of Franklin Road and Hanover Drive
Property Visibility: Excellent
Largest Nearby Street: I-26
Feet of Frontage: 240
Traffic/Vehicle Count: 27,137
Site Description: 2 Double-lane curb cuts on Franklin Terrace Court. Visible from State of Franklin and West Oakland. Site is tabled approximately 20 feet above Oakland and 20 feet below State of Franklin.
Area Description: The subject neighborhood is home to Sam's Club, Cheddars, At Home, Hobby Lobby, Chick Fil A, and the Johnson City Crossings, a regional-draw Power Center.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 2003
Roof Type: Hip
Construction/Siding: Brick
Total Parking Spaces: 20
Parking Ratio: 7 (per 1000 SF)
Parking Type: Surface
Heat Type: Electricity
Heat Source: Heat Pump
Air Conditioning: Package Unit
Internet Access: Cable, DSL, T1/T3, Fiber Optic
Zoning Description: The B-4, Planned Arterial Business District is designed to encourage a unified development approach along the major highway corridors. The principal uses of land are devoted to commercial establishments which cater specifically to motor-vehicle-oriented trades and services. It is further intended to provide appropriate space and sufficient depth from the street to provide for the orderly development and concentration of appropriate highway and arterial commercial uses at suitable locations, and to encourage the clustered development of such uses to minimize traffic hazards and interference with other uses in the vicinity, rather than to encourage the spread of strip commercial development. The introduction of residential uses in buildings with two or more stories with residential uses permitted on the upper floors may be appropriate in certain instances.
Lot Frontage: 248
Lot Depth: 100
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Land Ownership: fee simple

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,073 38,423 83,887
Median Age: 48.66 42.39 39.12
Households: 1,495 16,889 35,606


Photograph of Listing Agent

Michael E. Green, CCIM MAI SIOR

Century 21 Legacy
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