Multi-Office Investment Property
Office
for Sale
Sale Pending/Contingent
| Catylist Listing ID: |
30828887 |
| Property Subtypes: |
High-Tech, Mixed Use, Net Leased, Office Building
|
| Status: |
Pending/Contingent |
| Building Size (RSF): |
10,000 SF
|
| Gross Land Area: |
1.36 Acres
|
| Sale Price: |
$1,200,000 |
| Unit Price: |
$120 PSF |
| Property Use Type: |
Vacant/Owner-User |
| Class of Space: |
Class B |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
5/25/2023 |
Overview / Comments
Nine-unit multi-office property with one vacant 1,500 SF suite is ideal for an investor/investor-occupier. Situated on Lafayette Dr, between S. Illinois Ave and Oak Ridge Highway, the McCarty Building has quick access to ORNL and is an easy 20-minute drive from I-40 via Pellissippi Parkway. Annual average daily traffic: 17,000+.
Primarily long-term tenants. Sprinklers. Rent roll available with signed NDA. Call ahead for showings.
|
Financials
| Finance Data Year |
2022 |
| Real Estate Taxes - Annual($) |
$11,044 (Annual) |
Additional Details
| Nearest MSA: |
Knoxville |
| County: |
Anderson |
| Tax ID/APN: |
100G A 033.00 000 |
| Zoning: |
IND-1 |
| Site Description: |
Level |
| Area Description: |
The City of Oak Ridge is located in Eastern Tennessee, approximately 22 miles northwest of Knoxville. Oak Ridge is approximately 92 square miles and includes U.S. Department of Energy plants and facilities. Residential, commercial, and municipal owned portions of the City make up nearly 30 square miles. The remaining area of the City is owned by the Department of Energy.
Oak Ridge is home to United States Department of Energy facilities - a national laboratory and a national security complex - and high tech/high wage employers. It is also home to a regional medical center. Oak Ridge is the first retail destination for residents within five (5) East Tennessee counties. |
| Total Number of Buildings: |
1 |
| Number of Stories: |
1 |
| Year Built: |
1990 |
| Roof Type: |
Flat |
| Construction/Siding: |
Block, Brick |
| Parking Type: |
Surface |
| Heat Type: |
Natural Gas |
| Heat Source: |
Central |
| Air Conditioning: |
Other |
| Internet Access: |
Cable |
| Lot Frontage: |
320 |
| Lot Depth: |
254 |
| Easements: |
Ingress/Egress |
| Easements Description: |
Driveway to building |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
4,640 |
23,482 |
40,019 |
| Median Age: |
45.94 |
41.91 |
42.53 |
| Households: |
2,319 |
10,374 |
17,004 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither Knoxville Area Association of REALTORS® nor
Moody's assume any liability for errors or omissions.
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