Value-Add Flex / Office Redevelopment Opportunity
Mixed Use | 11,104 SqFt
Marketing description
An excellent opportunity to acquire a highly adaptable single-story commercial building offering approximately 11,104 SF on a ±1 acre site with 20+ parking spaces.
Previously utilized as a bank and later as an insurance office, the property features a durable structure and flexible interior layout suitable for a wide range of commercial uses.
This asset is being offered as a value-add redevelopment opportunity, priced to reflect its conversion potential and submarket positioning.
Key Highlights
- ±11,104 SF single-story commercial building
- ±1 acre site with ample surface parking (20+ spaces)
- Strong visibility with direct road frontage
- Flexible layout with multiple private offices and secure rooms
- Former bank configuration with existing vault/safe room infrastructure
- Recent capital improvements including:
- Roof
- HVAC system
- Electrical upgrades
- Interior renovations
- Security system
Redevelopment Potential
The existing layout and structure allow for multiple repositioning strategies, including:
- Medical or dental office conversion
- Multi-tenant professional office demising
- Flex office / service-based business hub
- Insurance, financial services, or administrative headquarters
- Secure storage or records facility
- Community or nonprofit use
- Adaptive reuse redevelopment
The existing bank-style configuration provides built-in secure rooms and partitioned office space that can be efficiently reconfigured for tenant needs.
Location & Site Characteristics
Located on the edge of Johnson City’s commercial corridor, the property offers:
- Direct access to major traffic routes outbound from the city
- Visibility from a primary roadway
- Ample on-site parking
- Established commercial presence in the immediate area
While the property is positioned outside of the highest-density retail corridor, this location provides a cost-effective entry point for users seeking larger space at a significantly lower basis than core-market assets.
Investment Highlights
This property is best suited for buyers seeking:
- Below-replacement-cost acquisition
- Value-add repositioning opportunity
- Flexible building with multiple exit strategies
- Strong basis for tenant improvements or leasing repositioning
- Long-term hold or owner-user occupancy
Pricing Position
The property is being offered at a strategic value-based price point to reflect current market conditions and repositioning requirements.
Serious inquiries are encouraged from qualified buyers and owner-users.
Investment highlights
An excellent opportunity to acquire a highly adaptable single-story commercial building offering approximately 11,104 SF on a ±1 acre site with 20+ parking spaces.
Previously utilized as a bank and later as an insurance office, the property features a durable structure and flexible interior layout suitable for a wide range of commercial uses.
This asset is being offered as a value-add redevelopment opportunity, priced to reflect its conversion potential and submarket positioning.
Key Highlights
- ±11,104 SF single-story commercial building
- ±1 acre site with ample surface parking (20+ spaces)
- Strong visibility with direct road frontage
- Flexible layout with multiple private offices and secure rooms
- Former bank configuration with existing vault/safe room infrastructure
- Recent capital improvements including:
- Roof
- HVAC system
- Electrical upgrades
- Interior renovations
- Security system
Redevelopment Potential
The existing layout and structure allow for multiple repositioning strategies, including:
- Medical or dental office conversion
- Multi-tenant professional office demising
- Flex office / service-based business hub
- Insurance, financial services, or administrative headquarters
- Secure storage or records facility
- Community or nonprofit use
- Adaptive reuse redevelopment
The existing bank-style configuration provides built-in secure rooms and partitioned office space that can be efficiently reconfigured for tenant needs.
Location & Site Characteristics
Located on the edge of Johnson City’s commercial corridor, the property offers:
- Direct access to major traffic routes outbound from the city
- Visibility from a primary roadway
- Ample on-site parking
- Established commercial presence in the immediate area
While the property is positioned outside of the highest-density retail corridor, this location provides a cost-effective entry point for users seeking larger space at a significantly lower basis than core-market assets.
Investment Highlights
This property is best suited for buyers seeking:
- Below-replacement-cost acquisition
- Value-add repositioning opportunity
- Flexible building with multiple exit strategies
- Strong basis for tenant improvements or leasing repositioning
- Long-term hold or owner-user occupancy
Pricing Position
The property is being offered at a strategic value-based price point to reflect current market conditions and repositioning requirements.
Serious inquiries are encouraged from qualified buyers and owner-users.
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