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216-246 S Illinois Ave
Oak Ridge, TN 37830
Retail Property For Sale
Executive Summary
4.77 acres with 68,403 sf of retail on S. Illinois Ave in Oak Ridge. The property is located "main on main" across Illinois Ave from the Walmart Supercenter and surrounded by several other new developments with national retailers. The property lends itself to a "value-add" scenario with rents across the street reaching in the high $30's psf.
Property Facts Under Contract
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
68,988 SF
Building Class
C
Year Built
1977
Price
$3,600,000
Price Per SF
$52.18
Percent Leased
1%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.33
Lot Size
4.77 AC
Zoning
B2 - Retail Business District, B-2
Parking
100 Spaces (1.45 Spaces per 1,000 SF Leased)
Frontage
373’ on Illinois Ave
Property Taxes
| Parcel Numbers | Improvements Assessment | $824,760 | |
| Land Assessment | $627,000 | Total Assessment | $1,451,760 |
Property Taxes
Parcel Numbers
Land Assessment
$627,000
Improvements Assessment
$824,760
Total Assessment
$1,451,760
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