Office Building For Sale (Formerly a Dentist Office)

Expired Office for Sale
Catylist Listing ID: 30746618
Property Subtypes: Executive Suites, Coworking, Governmental, High-Tech, Medical, Flex Space, Office Building, Other
Building Size (RSF): 2,756 SF
Gross Land Area: 11,761 SF
Sale Price: $225,000
Unit Price: $81.64 PSF
Ceiling: 9 ft.
Property Use Type: Investment, Vacant/Owner-User, Business
Building Name: Dr. Troutman’s Office
Usable Size (USF): 2,756 SF
Sale Terms: Cash to Seller, Owner Financing, Sale/Leaseback, Other
Cap Rate: Undisclosed
Last Updated: 7/4/2022

Overview / Comments

The dentist office of Dr. Gerald Troutman is located in the heart of downtown LaFollette. This location is easily accessed from Hwy 63/ 25W and just one block from the LaFollette Municipal Building. The building is handicap with no steps required for entry.

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Additional Details

Nearest MSA: Knoxville
County: Campbell
Taxing Authority: City of LaFollette and Campbell County
Tax ID/APN: 007085N F 01800
Property Located Between: South Tennessee Ave and South Indiana Ave on East Beech Street. Next to Big Creek Market and across from LaFollette Police and Fire Dept as well as the Main parking lot for all downtown businesses.
Property Visibility: Excellent
Highway Access: 8.5 miles from the nearest I-75 access in Caryville via SR 9/ 25W / 63 (aka Central Ave the main artery for LaFollette, Jacksboro and Caryville) The building is roughly 1000 ft from Central Ave. From here it's a straight shot to Harrogate, TN (approximately 20 miles or 30 mins)
Airports: Campbell County Airport 4.3 miles
Site Description: The building is clearly visible from the street and very appealing to the eye. New landscaping would be a welcome improvement and would be relatively inexpensive to maintain. There is ample parking in the front and more parking in the rear. Half of the building was damaged by fire and has been striped down to the stud walls exposing the electric and some plumbing. The owner has left this to the next owner to do as they see fit. This building is perfectly set up for 2 dentists or 2 different businesses with a main reception lobby that could be partitioned. Both sides of the building have their own entrances. Uses other than a dental office could be other professional offices (accounting, legal or medical) also well suited for wellness such as massage therapy or similar. It is equally well designed for renting out each individual "exam room" as office space for other professionals that would like a nice space or satellite office. Lots of options. Currently the building is being cleaned out. Dental equipment has been or is being removed and Dr. Troutman is no longer seeing patience. Professional phots coming soon.
Area Description: The office is located in downtown LaFollette just off the "main drag" of Central Ave. It is across from city hall and the LaFollette Police and Fire Depts and within walking distance to banks and restaurants. It is adjacent to a local city park as well.
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 2,756 SF
Year Built: 1963
Year Renovated: 1995
Roof Type: Flat
Construction/Siding: Brick, Wood Frame
Exterior Description: Brick 1960’s Modern Design
Parking Type: Surface
Parking Description: easy access park in front and in rear of the building
Total Parking Spaces: 15
Heat Type: Electricity
Heat Source: Central, Heat Pump
Air Conditioning: Evaporative Cooler
Internet Access: Cable
Interior Description: Former Dentist Office that used to be occupied by 2 dentists. There are exam rooms on the east and west sides of the office with large windows for each exam room on the east side. The west side mirrors the east with some exceptions (no large floor to ceiling windows and west side includes a break room and additional bathrooms and a shower) The west side was damaged by fire in the 90s and has not been used since. It is currently stripped down to the stud walls. (See photos) The front office is a shared reception area that could be separated. The center of the building is office work space and equipment rooms.
Zoning Description: The zoning authority is the City of LaFollette and the property is zoned commercial. It sits in the heart of the municipality with the fire and police department directly across the street which is connected to city hall. This building is located behind the heart of downtown LaFollette and it’s businesses and banks.
In Flood Plain?: Yes
Lot Frontage: 80 foot
Lot Depth: 154
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Land Ownership: owned
Legal Description: 085N F 018.00 000

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,139 9,386 18,156
Median Age: 36.83 40.93 41.16
Households: 1,260 3,789 7,309

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