Medical Office Investment Property - Oak Ridge

Office for Sale
Catylist Listing ID: 30451365
Property Subtypes: Medical
Building Size (RSF): 9,240 SF
Gross Building Area: See Agent
Gross Land Area: 2 Acres
Sale Price: $900,000
Unit Price: $97.40 PSF
Property Use Type: Investment
Class of Space: Class A
Sale Terms: Sale/Leaseback
Cap Rate: Undisclosed
Average Occupancy Rate: 80
Last Updated: 7/20/2019

Overview / Comments

Excellent medical office on corner lot of a highly traveled street. A great investment property for an exchange or even a beginner investor! Will not last long!

Financials

Finance Data Year 2019
Potential Rental Income $168,000 (Annual)
Gross Operating Income $135,000 (Annual)

Additional Details

Nearest MSA: Knoxville
County: Anderson
Tax ID/APN: 001100A C 03600
Property Visibility: Excellent
Area Description: Surrounds goverment and other medical offices. Well developed area.
Parking Type: Surface
Parking Description: Parking lot is in excellent condition.
Total Parking Spaces: 18
Heat Source: Central
Zoning Description: Commercial Zoning

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,004 23,482 38,192
Median Age: 43.61 41.91 43.12
Households: 3,835 10,374 16,381
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