204 Washington AveAthens, TN 37303

Property Details for 204 Washington Ave

Year built

1966

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

2.40 AC

Property size (Sq ft)

30,560 SF

Property type

Retail properties

Property subtype

Banks

APN

054056M B 07200

APU

054056MB07200

Description

This exceptional Class A office building, located at 204 Washington Ave in Athens, Tennessee, presents a compelling investment opportunity. Boasting 26,880 square feet across two stories, this multi-tenant property sits on a 3.15-acre lot and includes 135 parking spaces. The building, constructed in 1966, benefits from a recent renovation of 6,500 square feet, featuring floor-to-ceiling glass walls and new flooring. A significant portion of the building is currently undergoing renovations to match the high-quality finishes of the updated space, including the addition of a commercial kitchen and extra bathrooms. A new HVAC system has been installed throughout the entire building. The property is zoned B-2 and currently has a tenant leasing 7,000 square feet under a NNN lease expiring in July 2025. An additional 0.75-acre lot adjoins the property, offering potential for expansion or future development. The asking price is $3,500,000, translating to $130.21 per square foot. The property's APN is 054056M B 07200. This is a rare opportunity to acquire a well-located, high-quality office building with significant upside potential in a growing market.

Location Insight

City

Athens

County

Mcminn

State

Tennessee

Latitude

35.4421

Longitude

-84.5967

CBSA code

11940

CBSA name

ATHENS, TN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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