Simmons Bank - and 3 level warehouse 1612 Congress Pky S 112,529 SF 76% Leased Retail Building Athens, TN 37303 $3,994,750 CAD ($35.50 CAD/SF)

98,529 SF Mixed-Use Commercial Opportunity
1612 and 1610 Congress Parkway South | Athens, TN
Property will be conveyed subject to a recorded deed restriction prohibiting future use as a bank, credit union, or other financial lending institution. Seller Access / Possession: Seller is constructing a replacement location and anticipates relocating operations around July 20. Seller will require continued access to the premises through August 15 following closing to remove remaining equipment, records, and operational materials.
Positioned along Congress Parkway South with approximately 1050 feet of frontage and traffic counts exceeding 15,000 vehicles per day, this ±98,529 SF mixed-use commercial property offers scale, flexibility, and visibility in one of Athens’ primary commercial corridors.
The property sits on 4.70 acres (204,732 SF) across two parcels and is zoned B-3 Intensive Business District, allowing for a wide range of commercial uses.
Total Building Area: 98,529 SF
• ±31,553 SF Office/Retail (approx. 32%)
• ±66,976 SF Warehouse (approx. 68%)
• Additional ±14,000 SF upper-level storage (not included in GBA)
Property Features:
• Two-building configuration
• 18 dock-high doors (9 per building)
• 2 grade-level doors
• Clear heights ranging from 14’–28’
• 89 surface parking spaces
• Concrete construction
• Built in 1970
• Land-to-building ratio of 2.1:1
The office/retail portion is currently configured as a bank branch with supporting offices, conference rooms, and storage areas, making it well suited for medical, educational, or professional users. The warehouse component offers substantial dock access and functional industrial space ideal for distribution, storage/ Flex space, or adaptive reuse.
The property is currently partially owner-occupied and designed in a multi-tenant configuration, providing flexibility for an owner-user, investor, or redevelopment opportunity.
Located in western Athens, the property benefits from proximity to State Route 30 (within ½ mile) and Interstate 75 (within 3 miles), as well as surrounding retail, office, and industrial development.
This is a rare opportunity to acquire a large-scale, highly visible commercial asset with flexible zoning and strong arterial exposure in a growing Southeast Tennessee market.
EXECUTIVE SUMMARY:
An exceptional opportunity to acquire a high-visibility commercial property located along one of Athens’ primary retail and traffic corridors. This offering includes an adjoining parcel, presenting strong potential for redevelopment, repositioning, or long-term investment hold.
Offered by Simmons Bank, this is a structured, institutional-quality disposition with a generous due diligence period and unique pre-leasing capabilities.
PROPERTY DETAILS
Address: 1612 and 1610 Congress Pkwy, Athens, TN
Additional Parcel Included
Parcel IDs: 056I A 004.00 & 056I A 002.00
Asset Type: Existing Bank Building + Land
Location: High-traffic commercial corridor with strong surrounding retail presence
DUE DILIGENCE ADVANTAGE
Full Termination Right for Buyer during due diligence with refund of deposit
This extended timeline allows for thorough planning, feasibility studies, and tenant strategy execution.
UNIQUE VALUE FEATURES
Pre-Leasing & Tenant Marketing Rights
Buyer may market the property and engage prospective tenants prior to closing, creating the ability to:
Secure tenants early
Reduce vacancy risk
Accelerate stabilization post-closing
Potential Income Component – ATM Lease
Seller may require an ATM pad lease at closing:
$2,000/month income ($24,000 annually)
5-year term + renewal options
Strategically located at corner of Congress Pkwy & Layman Rd
PROPERTY CONDITION
Sold “AS IS, WHERE IS”
Buyer responsible for all inspections, improvements, and compliance
Ideal for experienced investors, developers, or owner-users seeking control and flexibility
DEED RESTRICTIONS (KEY CONSIDERATIONS)
The following uses are restricted:
Financial institutions (except Seller)
Vape/tobacco-related businesses
Marijuana-related uses
Liquor stores (off-premise consumption)
Bars exceeding 40% alcohol sales
Adult-oriented businesses
Nuisance-producing operations
These restrictions help preserve long-term property value and surrounding use quality.
POSSESSION & TRANSITION
Property delivered vacant at closing
Seller retains short-term post-closing access (through August 15, 2026) to complete relocation
INVESTMENT HIGHLIGHTS
Prime commercial corridor location
Institutional seller
Long due diligence period
Pre-leasing capability before closing
Potential immediate income stream (ATM lease)
Strong redevelopment or repositioning potential