Commercial Building For Sale In Oak Ridge

Office for Sale
Catylist Listing ID: 30732777
Property Subtypes: Flex Space, Office Building
Building Size (RSF): 1,600 SF
Gross Building Area: See Agent
Gross Land Area: 0.47 Acres
Sale Price: $579,000
Unit Price: $361.88 PSF
Property Use Type: Investment, Vacant/Owner-User
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 2/5/2023

Overview / Comments

Beautiful all-brick professional office building on Illinois Ave. in Oak Ridge. Zoned commercial so it could be repurposed for retail. Completely remodeled! New paint inside and out, new hardwood floors. new plumbing. Great visibility for your growing professional services business! Front door parking. 6 nice size offices, A large reception area, and a kitchen.

The seller is willing to do a sale-leaseback for 3 years at $4000.00 per month modified gross. The landlord pays the property taxes and insurance and capital expenses. NOI 42K +/- 7.2% ROI

Additional Details

Nearest MSA: Knoxville
County: Anderson
Taxing Authority: Anderson County
Tax ID/APN: 001099N A 00300
Property Visibility: Excellent
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 2001
Year Renovated: 2020
Roof Type: Arched
Construction/Siding: Brick
Parking Type: Surface
Total Parking Spaces: 12
Heat Source: Central
Zoning Description: commerical
Lot Frontage: 95
Lot Depth: 190
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,914 25,143 39,372
Median Age: 35.68 41.62 43.23
Households: 1,866 11,045 16,824


Photograph of Listing Agent

Charles Baine

Baine Realty Group KAAR CIE Member
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