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501 N Oak St 1,196 SF Office Building Sweetwater, TN 37874 $325,000 ($271.74/SF)
Investment Highlights
- ±1,196 SF commercial building - Zoned C2
- Flexible lease / owner-user potential
- Kitchenette / break area
- In-place tenant paying $2,000/month
- Former medical/dental office and easily convertible back to professional use
- Downtown Sweetwater near hospital
Executive Summary
Well-located commercial building in downtown Sweetwater offering in-place income with future upside. The property consists of approximately 1,196 SF and is zoned C-2, allowing for a wide range of commercial and professional uses.
The building is currently leased to a retail tenant at $2,000 per month, providing immediate cash flow and an attractive in-place cap rate based on current rent and expenses. The lease term offers flexibility for continued income or a future owner-user
strategy.
Prior to the current tenancy, the property was operated as a medical/dental office and remains well suited for professional use. The space was originally configured with multiple exam rooms, a reception and waiting area, supporting office space, and a small
kitchenette/break area. While the current tenant removed certain interior walls, the layout can be reconfigured back to a medical or professional office, creating a clear value-add opportunity.
The property is well maintained with no immediate capital improvements required. Its proximity to Sweetwater Hospital and location within the downtown business district make it attractive for medical, dental, therapy, or general professional users.
Buyer to verify zoning and permitted uses.
The building is currently leased to a retail tenant at $2,000 per month, providing immediate cash flow and an attractive in-place cap rate based on current rent and expenses. The lease term offers flexibility for continued income or a future owner-user
strategy.
Prior to the current tenancy, the property was operated as a medical/dental office and remains well suited for professional use. The space was originally configured with multiple exam rooms, a reception and waiting area, supporting office space, and a small
kitchenette/break area. While the current tenant removed certain interior walls, the layout can be reconfigured back to a medical or professional office, creating a clear value-add opportunity.
The property is well maintained with no immediate capital improvements required. Its proximity to Sweetwater Hospital and location within the downtown business district make it attractive for medical, dental, therapy, or general professional users.
Buyer to verify zoning and permitted uses.
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
1,196 SF
Building Class
C
Year Built
1966
Price
$325,000
Price Per SF
$271.74
Tenancy
Single
Building Height
1 Story
Typical Floor Size
1,196 SF
Building FAR
0.16
Lot Size
0.17 AC
Zoning
C-2
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Property Taxes
| Parcel Number | 023K-E-039.00 | Improvements Assessment | $66,400 |
| Land Assessment | $24,080 | Total Assessment | $90,480 |
Property Taxes
Parcel Number
023K-E-039.00
Land Assessment
$24,080
Improvements Assessment
$66,400
Total Assessment
$90,480
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501 N Oak St
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