Turn-Key Office in Bristol
512 Alabama Street Bristol, TN 37620
512 Alabama Street, Bristol, TN, 37620
$479,900
For Sale
$479,900
COMMERCIAL - Bristol, TN
Property Size2,694 SF
Lot Size0.21 Acres
Price / SF$178.14
Days on Market244
Property Features for 512 Alabama Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- B3
- Standard status
- Active
- APN
- 021h B 002.00
- Size
- 2,694 SF
- Lot size
- 0.21 Acres
Taxes and HOA fees
- Tax Annual Amount
- 1103
Utilities
- Sewer type
- Public Sewer
- Heating system
- Heat Pump (Heating)
- Cooling system
- Heat Pump
- Water source
- Public
Building Details
- Year built
- 1908
- Building materials
- Aluminum Siding, Vinyl Siding
- Roof type
- Shingle
Listing Agency
The Addington Agency Bristol
(423) 845-5800
121 Bluff City Hwy, Bristol, TN
Listed by
Garrett Addington · License #337697
(423) 646-1060
Added: Nov 17, 2025 Checked: Jul 19 at 12:06 pm
MLS# 9988375
Copyright © 2026 Tennessee Virginia Regional Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2600+ sqft building, originally constructed in the early 1900's and fully remodeled, is designed with aesthetics and functionality in mind to serve as a corporate office. The property features 6-10 designated offices, 2 bathrooms, a large reception and lobby area, and 2 employee kitchen spaces. Multiple conference rooms are available, along with ample parking and a 300+ sqft attached garage for additional storage. The building maintains its original aesthetic with multiple fireplaces, a stained glass window, and ornate woodworking. The property has curb appeal with a covered front porch, gabled dormer, multiple balconies, and mature trees. Strategically positioned in the heart of town, the location is within walking distance to downtown, parks, trails, shops, and restaurants. Zoned B3, this building has ample parking and signage with high visibility. The floor plan and location can accommodate diverse businesses from professional services like accounting, legal, or real estate to medical, retail, and other light commercial uses. The lot size is 0.21 acres.
Key Highlights
- Fully remodeled 2600+ sqft office building in a highly sought‑after downtown location, zoned B3 for diverse business uses.
- Features 6‑10 offices, 2 bathrooms, large reception area, 2 kitchens, and multiple conference rooms.
- Ample parking and high‑visibility signage on MLK.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $67.2k | $24.96 |
| − Vacancy | −$14.8k | −$5.49 |
| EGI | $52.4k | $19.47 |
| − OpEx | −$13.1k | −$4.87 |
| NOI | $39.3k | $14.60 |
2,694 SF · lease $24.96/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$562.0K
$491.7K – $655.6K
NOI $39,337 @ 7.0% cap · market cap 8.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.01M
$882.8K – $1.18M
NOI $70,620 @ 7.0% cap · market cap 14.72%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Dr. Kenneth Mclaughlin
Dental Office
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Remodeled office building with charm, character, and high visibility.
Where is this office building located?
The property is located at 512 Alabama Street Bristol, TN.
What is the asking price?
The asking price for this property is $479,900.
What are key features of this property?
This property features: Fully remodeled 2600+ sqft office building in a highly sought‑after downtown location, zoned B3 for diverse business uses.; Features 6‑10 offices, 2 bathrooms, large reception area, 2 kitchens, and multiple conference rooms.; Ample parking and high‑visibility signage on MLK.
