Former Bank Branch for Sale

Retail-Commercial for Sale
Catylist Listing ID: 30797569
Property Subtypes: Free-Standing Building, Other
Building Size (RSF): 1,671 SF
Gross Land Area: 27,443 SF
Sale Price: $270,000
Unit Price: $161.58 PSF
Ceiling: 9 ft.
Has Drive-Thru? Yes
Property Use Type: Vacant/Owner-User
Building Name: Check Cashing
Usable Size (USF): 1,671 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 5/3/2022

Overview / Comments

This high-visibility bank building is located at 2606 S. Roan Street in Johnson City. The brick building features 2 drive-thru windows, a stainless steel walk-in vault and more than two dozen parking spaces. It also has a newer roof and heat pump. The building sits next to a shopping center and at the front of a large residential neighborhood. The property is currently occupied by a long-term commercial tenant.

Additional Details

Nearest MSA: Johnson City
County: Washington
Taxing Authority: Washington County
Tax ID/APN: 090 055I A 00400 000 2020
Retail Clientele: General, Family, Business
Property Visibility: Excellent
Largest Nearby Street: South Roan
Feet of Frontage: 135
Traffic/Vehicle Count: 7,148
Highway Access: 2-lane south Roan
Site Description: This level parcel is an outparcel to the adjacent shopping center.
Area Description: South Johnson City is anchored by Borla Industries, Crown Labs and several other large regional employers.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Average
Year Built: 1979
Year Renovated: 2010
Roof Type: Other
Construction/Siding: Brick
Total Parking Spaces: 25
Parking Ratio: 101 (per 1000 SF)
Parking Type: Surface
Heat Type: Electricity
Heat Source: Heat Pump
Internet Access: Cable, DSL, ISDN
Interior Description: Previously used as a branch bank, the floor plan features a large open lobby area, the teller line and several small private offices.
Water Service: Municipal
Sewer Type: Municipal
Easements: Electric Lines, Utilities
Easements Description: perimeter
Land Ownership: Fee Simple

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,698 38,816 76,719
Median Age: 31.98 35.44 38.76
Households: 2,165 16,113 32,931


Photograph of Listing Agent

Michael E. Green, CCIM MAI SIOR

Century 21 Legacy
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