Multi-Office Investment Property

Office for Sale
Catylist Listing ID: 30828887
Property Subtypes: High-Tech, Mixed Use, Net Leased, Office Building
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: 1/26/2023

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

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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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