145 E Vance Rd - Medical FOR SALE


Oak Ridge, TN 37830
$1,285,000 USD
847-274-0039
145 E Vance Rd, Oak Ridge, TN for Sale
$1,285,000 USD
Medical - FOR SALE
1/7
null | Request Cap Rate

145 E Vance Rd
Oak Ridge, TN 37830


HIGHLIGHTS

  • Strategic Location
  • Methodist Medical Center
  • Oak Ridge National Laboratory
  • Strong Demographics

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the vacant medical office building located at 145 E Vance Road in Oak Ridge, Tennessee (the “Property”). The Property consists of a vacant, two-story medical office building with 9,744 square feet of space and the adjacent parking lot on a combined 41,382 square foot, 0.95-acres of land. The Property enjoys outstanding frontage and visibility and is zoned UB-2 (Unified General Business), one of the most versatile designations in Oak Ridge. The Property was previously occupied by East TN Children’s Hospital. The Property is strategically located along E Vance Road in the heart of the Oak Ridge commercial and medical district. The vacant medical office building benefits from outstanding visibility, frontage, and signage and is across the street from Methodist Medical Center, a 283-bed hospital owned and operated by Covenant Health. The Property is surrounded by medical and professional buildings and is convenient to national retailers, restaurants, and several large industrial facilities that drive traffic to the area. 145 E Vance Road is one block from Oak Ridge Turnpike (TN Route 95) and 2 miles from S Illinois Avenue (TN Route 62), the area’s primary commercial and commuter corridors. Oak Ridge, Tennessee is located in the center of the state, 25 miles from Knoxville, 110 miles from Chattanooga and 160 miles from Nashville.

FOR SALE DETAILS

PRICE

$1,285,000 USD

PRICE/SF

$122 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

East TN Children's Hospital

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Freestanding, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1975

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.95 AC

LAND SF

41,382 SF

ZONING

UB2

APN/PARCEL ID

100A-B-024.00

ASK ABOUT THIS PROPERTY

Alex SacksHorvath & TremblayMore Info
847-274-0039

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Alex SacksHorvath & TremblayMore Info
847-274-0039

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.