Oak Ridge Office Building / 116 Milan Way

Office for Sale
Also listed as Special Purpose
Catylist Listing ID: 30578259
Property Subtypes: Governmental, High-Tech, Medical, Flex Space, Office Building, Research & Development
Building Size (RSF): 15,129 SF
Gross Land Area: 1.50 Acres
Sale Price: $1,250,000
Unit Price: $82.62 PSF
Property Use Type: Investment, Vacant/Owner-User, Business
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/19/2020

Overview / Comments

Super opportunity for a brick 2-1/2 story office building on 1-1/2 level acres. Amazing location next to the Oak Ridge Post Office. Plenty of parking and room for expansion. Vacant 1 acre flat lot across drive is INCLUDED in sale price.

Well built all concrete and brick building with elevator and 3 staircases.
Great candidate for owner-occupant or senior living conversion.
Perfect floor-plan for an owner to occupy one floor and lease out the other.
Tall Ceilings, especially on upper floor, allows for a variety of office and R&D type uses.

Priced below market at $83/SF!

Square footage derived from Tax records, deemed reliable but not guaranteed.

Call for tour or information.

Attachments & Media

Additional Details

Nearest MSA: Knoxville
County: Anderson
Taxing Authority: Oak Ridge
Tax ID/APN: 001100A C 00200
Zoning: O-2 OFFICE DISTRICT
Property Located Between: Bus Terminal and Administration
Property Visibility: Good
Total Number of Buildings: 1
Number of Stories: 3
Typical SF / Floor: 7,000 SF
Year Built: 1943
Year Renovated: 2000
Roof Type: Flat
Construction/Siding: Brick

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,105 24,790 42,922
Median Age: 45.27 41.87 42.48
Households: 3,044 10,906 18,138
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