14 Kentucky Ave
Retail-Commercial
for Sale
Sale Pending
| Catylist Listing ID: |
30817773 |
| Property Subtypes: |
Free-Standing Building, Other
|
| Status: |
Pending |
| Building Size (RSF): |
6,208 SF
|
| Gross Building Area: |
See Agent |
| Sale Price: |
$359,900 |
| Unit Price: |
$57.97 PSF |
| Property Use Type: |
Vacant/Owner-User |
| Sale Terms: |
Other |
| Cap Rate: |
Undisclosed |
| Last Updated: |
5/23/2023 |
Overview / Comments
The old adage is never more true. Then the commercial space that you're going to see today. That adage is "divide and conquer". Dividing a building or a parcel of land into smaller parts yields a better return. That's exactly what you have at this wonderful commercial building in Oak Ridge. You have lots of rental spaces with common areas for restrooms etc. Think of this as an option for a collaborative office with private rentable areas. From an income potential perspective, this building has a great upside. From a building cost perspective, this building is a great value. With the rise in construction cost, you could be in this building and operating before you could even dig a foundation. The structure of this building is very sound. Over the years there have been upgrades to the heat and air system and roofing. All is in working order as of now. The most that this building need is a loving landlord ready to modernize some of the units to attract higher-end leases. The location is ideal for folks in Oak Ridge. It is very close to the hospital and the main road. It is a great small office location for attorneys, marketing, home health, accounting, Real estate offices, and more. It is easy for clients to find and centrally located for folks in the Oak Ridge area. Please contact your favorite realtor or the listing agent for more details or for a showing. The owners are ready to offer this property to an investor or a business owner. Please set up a tour to see the details of this building.
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Additional Details
| Nearest MSA: |
Knoxville |
| County: |
Anderson |
| Tax ID/APN: |
001094PD02600 |
| Zoning: |
08-COMMERCIAL |
| Tenancy: |
Multiple Tenants |
| Number of Stories: |
3 |
| Property Condition: |
Good |
| Construction/Siding: |
Brick/Aluminum Siding |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
5,753 |
24,790 |
42,922 |
| Median Age: |
47.04 |
41.87 |
42.48 |
| Households: |
2,695 |
10,906 |
18,138 |
|
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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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