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420 Laboratory Rd
Oak Ridge, TN 37830
Office Property For Sale
Investment Highlights
- Strong Existing Cash Flow for Current Medical Tenant
- 4,000 SF of Leasable Space
- Growing Market of Oak Ridge, TN
Executive Summary
Prime Investment & Owner-User Opportunity in a Growing Medical/Office Market
A unique opportunity to acquire a well-located medical/office property in the expanding Oak Ridge commercial real estate market. The building offers a total of 11,142 square feet of functional space, with a stable tenant in place and additional vacant area that presents future income or owner-occupancy potential.
Property Highlights:
• Total Building Size: Approximately 11,420 SF (gross building area).
• Strong Existing Cash Flow: A substantial portion of the building is currently occupied by East Tennessee Oral & Maxillofacial Surgery, a well-established medical practice with long-term tenancy.
• Vacant Space Available: Approximately 4,000 SF of office space is currently vacant for lease or owner use, offering immediate upside income or the opportunity for the buyer to occupy space for their own operations.
• Flexible Use: Ideal for investors seeking a stabilized property with upside potential or owner-users looking to locate their office while benefiting from rental revenue.
• Desirable Location: Situated in Oak Ridge — a dynamic market supported by steady demand for quality medical and professional office space.
This offering delivers a balanced blend of income stability and growth potential, making it attractive for investors and owner-occupiers alike. Don’t miss your chance to own a versatile asset in one of East Tennessee’s established commercial corridors
A unique opportunity to acquire a well-located medical/office property in the expanding Oak Ridge commercial real estate market. The building offers a total of 11,142 square feet of functional space, with a stable tenant in place and additional vacant area that presents future income or owner-occupancy potential.
Property Highlights:
• Total Building Size: Approximately 11,420 SF (gross building area).
• Strong Existing Cash Flow: A substantial portion of the building is currently occupied by East Tennessee Oral & Maxillofacial Surgery, a well-established medical practice with long-term tenancy.
• Vacant Space Available: Approximately 4,000 SF of office space is currently vacant for lease or owner use, offering immediate upside income or the opportunity for the buyer to occupy space for their own operations.
• Flexible Use: Ideal for investors seeking a stabilized property with upside potential or owner-users looking to locate their office while benefiting from rental revenue.
• Desirable Location: Situated in Oak Ridge — a dynamic market supported by steady demand for quality medical and professional office space.
This offering delivers a balanced blend of income stability and growth potential, making it attractive for investors and owner-occupiers alike. Don’t miss your chance to own a versatile asset in one of East Tennessee’s established commercial corridors
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
11,140 SF
Building Class
C
Year Built
1995
Price
$2,100,000
Price Per SF
$188.51
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
5,570 SF
Slab To Slab
10’
Building FAR
0.47
Lot Size
0.54 AC
Zoning
O-2
Parking
15 Spaces (1.35 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 100A-C-037.00 | Improvements Assessment | $493,080 |
| Land Assessment | $124,400 | Total Assessment | $617,480 |
Property Taxes
Parcel Number
100A-C-037.00
Land Assessment
$124,400
Improvements Assessment
$493,080
Total Assessment
$617,480
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