Turn-Key Historic Office
512 Alabama St Bristol, TN 37620
For Sale
$479,900
Remodeled historic office building with reception, multiple offices, conference rooms, ample parking, and attached garage storage.
Property Size2,694 SF
Price / SF$178.14
Days on Market254
Property Features for 512 Alabama St
General Information
Standard status
Active
Size
2,694 SF
Listing Agency:
The Addington Agency Bristol
(423) 646-1060
Listed By:
Garrett Addington · License #337697
(423) 646-1060
Source:
Exprealty
Added: Nov 17, 2025
Changed: Jul 10
Last Checked: Jul 26 at 7:50PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Addington Agency Bristol
Investment Insights
Based on property information with market context.
This turn-key, fully remodeled office building was originally constructed in the early 1900s and retains historic character throughout. The interior layout includes 6–10 designated offices, a large reception and lobby area, multiple conference rooms, two employee kitchen spaces, and two bathrooms. A 300+ sqft attached garage provides added storage. The property also features architectural details such as multiple fireplaces, stained glass windows, and ornate woodworking, with covered front porch, gabled dormer, multiple balconies, and mature trees supporting the overall curb appeal.
Located at 512 Alabama St in Bristol, this office property is described as positioned in the heart of town, within walking distance of the downtown district and nearby parks, trails, shops, and restaurants. The building is currently zoned B3 and offers ample parking, along with signage on MLK for visibility.
Designed to support a range of business uses, the current configuration can fit professional services such as accounting, legal, or real estate, along with other light commercial concepts referenced in the listing. For an owner-operator or tenant seeking a ready-to-use corporate office with defined workspaces, conference rooms, and on-site parking plus attached storage, this property offers a complete package in a central, walkable downtown setting.
Located at 512 Alabama St in Bristol, this office property is described as positioned in the heart of town, within walking distance of the downtown district and nearby parks, trails, shops, and restaurants. The building is currently zoned B3 and offers ample parking, along with signage on MLK for visibility.
Designed to support a range of business uses, the current configuration can fit professional services such as accounting, legal, or real estate, along with other light commercial concepts referenced in the listing. For an owner-operator or tenant seeking a ready-to-use corporate office with defined workspaces, conference rooms, and on-site parking plus attached storage, this property offers a complete package in a central, walkable downtown setting.
Key Highlights
- Remodeled office building with 2,600+ SF and historic character features including multiple fireplaces and stained glass windows
- Floor plan includes 6–10 designated offices, large reception/lobby area, multiple conference rooms, and 2 bathrooms
- Includes 2 employee kitchen spaces and 300+ SF attached garage for additional storage
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 authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Remodeled historic office building with reception, multiple offices, conference rooms, ample parking, and attached garage storage.
Where is this office building located?
The property is located at 512 Alabama St 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: Remodeled office building with 2,600+ SF and historic character features including multiple fireplaces and stained glass windows; Floor plan includes 6–10 designated offices, large reception/lobby area, multiple conference rooms, and 2 bathrooms; Includes 2 employee kitchen spaces and 300+ SF attached garage for additional storage
