43,103 SF Office Campus - Oak Ridge

Office for Sale
Catylist Listing ID: 30710503
Property Subtypes: Institutional, Office Building
Building Size (RSF): 43,103 SF
Gross Land Area: 6.09 Acres
Sale Price: $3,495,000
Unit Price: $81.08 PSF
Ceiling: 9 ft.
Property Use Type: Vacant/Owner-User
Building Name: Portion of ORAU campus
Class of Space: Class B
Usable Size (USF): 43,103 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/7/2021

Overview / Comments

Located in the heart of Oak Ridge on a 6.09+/- acre campus. 2 nicely landscaped masonry office buildings with old world styling (slate roofs and copper gutters). 120 Badger Avenue is a 1 1/2 story containing a total of 30,032 SF, built around a courtyard. 130 Badger Avenue is a structure with 10,366 SF on the main level and 2,685 SF on the lower level (13,051 SF total). The wing design of each structure has rooms on each side of central hallways, yielding daylight offices in most rooms of each building. Excellent uses would be office campus, assisted living or retirement community, or development for apartments or townhomes. Nearby amenities within walking distance include A.K. Bissell Park, Oak Ridge Arts Center, Pollard Auditorium, Oak Ridge Civic Center and Public Library, Oak Ridge High School, newly redeveloped shopping opportunities, and numerous restaurants.

Attachments & Media

Additional Details

Nearest MSA: Knoxville
County: Anderson
Taxing Authority: City of Oak Ridge
Tax ID/APN: 001099N B 00600
Zoning: E (EDUCATION AND RESEARCH DISTRICT)
Property Located Between: Badger Avenue and ORAU office campus.
Property Visibility: Excellent
Highway Access: Tulane Avenue, Illinois Avenue and Oak Ridge Turnpike
Site Description: Acreage is only an estimate and is subject to survey and platting. Terrain is level to gently sloping.
Total Number of Buildings: 2
Number of Stories: 2
Year Built: 1960
Roof Type: Gable
Exterior Description: Brick buildings with slate roofs
Parking Type: Surface
Parking Description: asphalt
Total Parking Spaces: 163
Sprinklers: None
Heat Type: Natural Gas, Hot Water
Heat Source: Central
Internet Access: Fiber Optic
Interior Description: 8' ceilings in most of the buildings. Mix of 6-8 and 8-0 solid core doors, with metal casings. Carpet over concrete slab in most areas of each building.
Water Service: Municipal
Sewer Type: Municipal
Easements: Pipelines, Electric Lines, Utilities
Easements Description: Property is being platted.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,892 25,243 37,723
Median Age: 37.67 41.95 42.94
Households: 2,737 11,061 16,142

Contact

Photograph of Listing Agent

G. Sam Tate, Jr., CCIM

NAI Koella | RM Moore KAAR CIE Member
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