Former Bank Building: LaFayette, GA

Office for Sale
Catylist Listing ID: 30551018
Property Subtypes: Executive Suites, Governmental, Institutional, Medical
Building Size (RSF): 3,560 SF
Gross Land Area: 0.44 Acres
Sale Price: $291,500
Unit Price: $81.88 PSF
Property Use Type: Investment, Vacant/Owner-User, Business
Building Name: Former Wells Fargo Branch
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/20/2020

Overview / Comments

This building is priced competitively. A similar bank branch in the market recently sold for $60,000 above this asset’s listing price providing immediate equity to the new owner or investor.

The building has been extremely well maintained and is perfect for an owner occupier or investor. It would be ideal for a medical user or professional office.

The building includes a safe, small offices, updated HVAC, and plenty of parking. The drive through window/lanes in the rear could be converted to include additional parking if desired.

Additional Details

Nearest MSA: Chattanooga
County: Walker
Tax ID/APN: 1039 073
Zoning: LF-B2
Property Located Between: Fortune St and Maple St
Property Visibility: Excellent
Highway Access: This property is located minutes from US Highway 27 and directly on the US Highway 27 Business Route.
Site Description: This site is level and includes excellent visibility with 7,710 AADT.
Year Built: 1970
Roof Type: Flat
Construction/Siding: Brick
Parking Type: Surface
Total Parking Spaces: 17
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable
Interior Description: The building includes a safe room, 5 small offices/conference rooms, teller counter, kitchen, 2 restrooms, and IT room.
Lot Frontage: 100'-0"
Lot Depth: 300'-0"
Water Service: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,247 8,927 15,435
Median Age: 38.8 38.96 39.47
Households: 1,231 3,522 5,964

Contact

Photograph of Listing Agent

Kelly Fitzgerald

Second Story Real Estate Manag Greater Chattanooga REALTORS® Member
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