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 |
| Zoning: |
COMMERCIAL |
| 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 |
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 |
|
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