West Walnut Street Bank Building

Retail-Commercial for Sale
Also listed as Office
Catylist Listing ID: 30745693
Property Subtypes: Free-Standing Building
Building Size (RSF): 2,264 SF
Gross Building Area: See Agent
Gross Land Area: 0.55 Acres
Sale Price: $550,000
Unit Price: $242.93 PSF
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/12/2021

Overview / Comments

Excellent West Walnut Street Corridor Property! This one story bank branch building is situated on 0.55 acres at the corner of West Walnut Street and Watauga Avenue. Building is 2,264 sq ft with 3 private offices, conference room, breakroom, 2 restrooms and 2 drive thru teller lanes. Large paved parking lot with all utilities at the site.

The West Walnut Street corridor is undergoing significant redevelopment as announced by the City making this a prime location for financial, retail and restaurant/cafes. Property sits adjacent to the recently renovated Model Mill development and opposite Firehouse BBQ. A Tennessee Hills project with museum, rooftop bar, beer garden and production distillery has been proposed for property on corner across the street. For more information on West Walnut Street Corridor Project, see links. For property tour or more information, please contact agent.

Additional Details

Nearest MSA: Johnson City
County: Washington
Tax ID/APN: 090054C H 03701

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,166 48,333 75,787
Median Age: 31.91 37.25 38.59
Households: 3,976 20,927 32,537


Photograph of Listing Agent

R. Lynn Shipley, Jr.

TCI Group - Jerry Petzoldt Agency NETAR CMLS Member
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