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Property profile & analytics
FOR SALE
Medical Office Space

512 Alabama St Bristol, TN 37620

2,694 SF 0.21 ac lot Built 1908
Property ID
US80-0781969
Property summary
AI-generated overview

This completely remodeled, 2,694 square foot office building presents a unique investment opportunity in the heart of Bristol, Tennessee. Originally constructed in 1908, this two-story structure has been thoughtfully updated to provide modern functionality while retaining its historic charm. The property features six to ten designated offices, perfect for a variety of professional uses. A large reception and lobby area welcomes clients, while two bathrooms and multiple conference rooms cater to employee needs. Two employee kitchen spaces add convenience. Ample parking is available, complemented by a 300+ square foot attached garage offering additional storage. The building's character is highlighted by original features such as fireplaces, stained glass windows, and ornate woodwork. Exterior features include a covered front porch, gabled dormer, multiple balconies, and mature trees. Located on 0.21 acres, the property boasts high visibility on MLK and is within walking distance of downtown Bristol's amenities. Zoned B3, this versatile building is ideal for a range of businesses, from professional services to medical or retail uses. The asking price is $489,900, with a price per square foot of $181.85. The property is vacant and ready for immediate occupancy on June 26, 2024. This is a rare opportunity to acquire a beautifully restored, centrally located office building in a thriving Tennessee community.

Property profile
Verified
Property type Medical Office Space
Year built 1908
Total area 2,694 SF
Lot 0.21 ac (9,148 SF)
APN 021h B 002.00
UPID US80-0781969
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Dr. Kenneth Mclaughlin Dental Office
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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