Oak Ridge Industrial Space For Sale

Industrial for Sale
Catylist Listing ID: 30807470
Property Subtypes: Mixed Use, Light Industrial, Warehouse/Distribution
Building Size (RSF): 9,216 SF
Gross Building Area: See Agent
Gross Land Area: 0.50 Acres
Sale Price: $395,000
Unit Price: $42.86 PSF
Ceiling: 9 ft. Clear
Docks/Doors: 1 Dock
Drive In Bays: 1 Bay
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/28/2022

Overview / Comments

Hard to find multi-tenant industrial space in Oak Ridge. Great value for the square footage. The building is currently fully leased to two tenants, but the space could easily be further subdivided to rent to multiple tenants in the future. One tenant is currently occupying 58% of the building. Currently configured as 1 large 80' x 48' warehouse space with 3 roll up doors and a restroom, and 1 larger 105' x 48' light manufacturing space with 2 restrooms, an office and a kitchenette.

Attachments & Media

Financials

Finance Data Year 2021
Real Estate Taxes - Annual($) $862.34 (Annual)
Tax Value Land $27,300
Tax Value Improvements $17,900
Assessed Value - Total($) $45,200 (Annual)

Additional Details

Nearest MSA: Knoxville
County: Anderson
Tax ID/APN: 001094FE03600
Zoning: IND-1
Site Description: Rear access off of Warehouse Rd, front access with parking off of Belgrade Rd, with a 90 ft road on both side connecting the front and the back that is big enough for truck loading/unloading. The owner is in the process of subdividing the lot 331 ft long lot ...101 ft of the vacant side of the lot will NOT be included in the sale, as the owner plans to build a smaller warehouse for his business there in the future. The remaining 242 ft long (~0.5 acre) portion of the lot including the existing building is what is for sale.
Area Description: One end of the building is 4,125 SF of warehouse space with brand new panel, lights and outlets. There is currently 1 restroom on the warehouse side, with plumbing rough ins already existing for a second restroom if desired. There are also 3 new roll up doors on the warehouse side of the building. On the other end of the building, the remaining 5,091 SF is currently configured for light industrial and has a lease with an electrical repair/supply company. HVAC, 2 bathrooms, a kitchenette and 1 office on the light industrial side of the building. Dry sprinkler system throughout the building.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 1942
Year Renovated: 2021
Roof Type: Other
Construction/Siding: Metal Siding
Parking Ratio: 1 (per 1000 SF)
Parking Type: Surface
Total Parking Spaces: 15
Column Spacing: 15
Sprinklers: Dry
X-Phase: 3-Phase
Heat Type: Electricity
Heat Source: Wall Units
Air Conditioning: Other
Lot Frontage: 221
Lot Depth: 90

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,611 21,723 48,404
Median Age: 47.35 44.29 42.12
Households: 2,915 9,596 20,506
© Copyright 2001-2022 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Knoxville Area Association of REALTORS┬« nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.