14 Kentucky Ave

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30817773
Property Subtypes: Free-Standing Building, Other
Status: Pending
Building Size (RSF): 6,208 SF
Gross Building Area: See Agent
Sale Price: $359,900
Unit Price: $57.97 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 5/23/2023

Overview / Comments

The old adage is never more true.  Then the commercial space that you're going to see today.  That adage is "divide and conquer".  Dividing a building or a parcel of land into smaller parts yields a better return.  That's exactly what you have at this wonderful commercial building in Oak Ridge.  You have lots of rental spaces with common areas for restrooms etc.  Think of this as an option for a collaborative office with private rentable areas.  From an income potential perspective, this building has a great upside.  From a building cost perspective, this building is a great value.  With the rise in construction cost, you could be in this building and operating before you could even dig a foundation.  The structure of this building is very sound.  Over the years there have been upgrades to the heat and air system and roofing.  All is in working order as of now.  The most that this building need is a loving landlord ready to modernize some of the units to attract higher-end leases.  The location is ideal for folks in Oak Ridge.  It is very close to the hospital and the main road.  It is a great small office location for attorneys, marketing, home health, accounting, Real estate offices, and more.  It is easy for clients to find and centrally located for folks in the Oak Ridge area.  Please contact your favorite realtor or the listing agent for more details or for a showing.  The owners are ready to offer this property to an investor or a business owner.  Please set up a tour to see the details of this building.

Additional Details

Nearest MSA: Knoxville
County: Anderson
Tax ID/APN: 001094PD02600
Tenancy: Multiple Tenants
Number of Stories: 3
Property Condition: Good
Construction/Siding: Brick/Aluminum Siding

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,753 24,790 42,922
Median Age: 47.04 41.87 42.48
Households: 2,695 10,906 18,138


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