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Value-Add Office Investment Along SR 95 101 E Tennessee Ave 16,348 SF 100% Leased Office Building Oak Ridge, TN 37830 For Sale
Investment Highlights
- 101 E Tennessee Avenue is a renovated 16,348-square-foot office facility with proximity to Oak Ridge Turnpike, seeing over 21,000 vehicles each day.
- Value-add opportunity in a healthy market that has experienced a 1.6% increase in rental rates over the past year.
- Oak Ridge has matched the nation’s annual growth rate over the past decade; these growth trends are expected to continue in the coming years.
- Proximity to major healthcare centers and practitioners, including Methodist Medical Center, Parkway Cardiology, Covenant Medical Group, and more.
- Newly installed features include new roofing, new HVAC systems, extended windows, new camera systems, new flooring, and a newly paved parking lot.
- Located near multiple retailers and service providers, including Aldi, Walmart Supercenter, Chick-fil-A, Kroger, Dunkin’, and much more.
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Zoning Ordinance
- Floor Plans & Site Layout
- Third Party Reports
- Title and Insurance
- Title Verification - DO NOT POST
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
16,348 SF
Building Class
B
Year Built/Renovated
1977/2023
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
8,174 SF
Building FAR
0.51
Lot Size
0.74 AC
Zoning
CS
Parking
35 Spaces (2.14 Spaces per 1,000 SF Leased)
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Property Taxes
| Parcel Number | 094O-A-017.00 | Improvements Assessment | $494,360 |
| Land Assessment | $61,800 | Total Assessment | $556,160 |
Property Taxes
Parcel Number
094O-A-017.00
Land Assessment
$61,800
Improvements Assessment
$494,360
Total Assessment
$556,160
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Value-Add Office Investment Along SR 95 | 101 E Tennessee Ave
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