450 S Chamberlain Ave - Office FOR SALE


Rockwood, TN 37854
$299,900 USD
865-599-3228
450 S Chamberlain Ave, Rockwood, TN for Sale
$299,900 USD
Office - FOR SALE
1/22
null | Request Cap Rate

450 S Chamberlain Ave
Rockwood, TN 37854


OVERVIEW

Commercial Medical Office Building | Downtown Rockwood, TN Excellent opportunity to acquire a 13,000+ square foot medical office complex located in downtown Rockwood. The property is currently configured and utilized as medical/office space, offering a flexible layout that could accommodate multiple medical or professional suites. The building includes 20+ on-site parking spaces, providing convenient access for patients, staff, and visitors. One side of the building features a newer HVAC system, while other areas may require maintenance and updates. The property is priced accordingly, presenting a strong value-add opportunity for investors or owner-occupants. Ideal for continued use as a medical facility, clinic, professional offices, or for reconfiguration into multi-tenant rental units, subject to buyer’s due diligence and applicable approvals. Convenient downtown location with easy access to surrounding amenities and services. Offered at $299,900. Buyer to verify all information deemed reliable but not guaranteed. Property Fast Facts & Systems Overview Building Configuration: • Facility consists of five (5) suites • Suites 2 and 3 are currently rented • Suite 3 is only accessible through Suite 2 and is not independently usable at this time Mechanical Systems: • New boiler installed and relocated from basement to exterior • Cooling tower installed approx. 10–15 years ago • New hot water heater installed (additional hot water heater previously replaced) • HVAC systems vary in age – Mix of water-source heat pump systems and split units – Some compressors have been replaced – Original ductwork remains in place Electrical: • One (1) electrical meter services the entire building • Main electrical panel located in basement • Historical water backup from a floor drain caused corrosion to a portion of the main panel • Some branch breakers may require inspection and replacement • Electrical plans available (hard copy & electronic) Plumbing / Utilities: • One (1) water meter for entire building • No natural gas currently servicing the property • Recent sewer system work completed; believed to be resolved • Two basement areas, one at each end of the building • Localized areas of concrete floor excavation with exposed piping in one suite Fire & Safety: • Fire protection / alarm system status uncertain • System may have been disabled or disconnected Roof & Exterior: • Roof shows significant age but no active leaks observed • Parking lot is asphalt and in improved condition Documentation: • Electrical plans and multiple plan drawings included • Both hard copies and electronic files available Pricing: • Offered at $299,900 • Price reflects current condition, system age, and required updates • All offers will need to be approved by the Chamberlain Memorial Hospital Board as well as The City of Rockwood

FOR SALE DETAILS

PRICE

$299,900 USD

PRICE/SF

$22 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

-

YEAR BUILT

1965

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

Professional Services

APN/PARCEL ID

054K F 022.00

ASK ABOUT THIS PROPERTY

Christina BranhamColdwell Banker Jim HenryMore Info
865-599-3228

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Christina BranhamColdwell Banker Jim HenryMore Info
865-599-3228

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