501 N Oak St - Office FOR SALE


Sweetwater, TN 37874
$325,000 USD
865-244-6884
501 N Oak St, Sweetwater, TN for Sale
$325,000 USD
Office - FOR SALE
1/15
null | Request Cap Rate

NEW


501 N Oak St
Sweetwater, TN 37874


HIGHLIGHTS

  • ±1,196 SF commercial building - Zoned C2
  • In-place tenant paying $2,000/month
  • Flexible lease / owner-user potential
  • Former medical/dental office and easily convertible back to professional use
  • Kitchenette / break area
  • Downtown Sweetwater near hospital

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$325,000 USD

PRICE/SF

$286 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1966

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,516 SF

ZONING

C-2

APN/PARCEL ID

023K-E-039.00

ASK ABOUT THIS PROPERTY

Peyton HyattPWA PropertiesMore Info
865-244-6884

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Peyton HyattPWA PropertiesMore Info
865-244-6884

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