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Value-Add Office Investment Along SR 95 101 E Tennessee Ave

16,348 SF 50% Leased Office Building Oak Ridge, TN 37830 For Sale

Investment Highlights

  • 101 E Tennessee Avenue is a renovated 16,348-square-foot office facility with proximity to Oak Ridge Turnpike, seeing over 21,000 vehicles each day.
  • Value-add opportunity in a healthy market that has experienced a 1.6% increase in rental rates over the past year.
  • Oak Ridge has matched the nation’s annual growth rate over the past decade; these growth trends are expected to continue in the coming years.
  • Proximity to major healthcare centers and practitioners, including Methodist Medical Center, Parkway Cardiology, Covenant Medical Group, and more.
  • Newly installed features include new roofing, new HVAC systems, extended windows, new camera systems, new flooring, and a newly paved parking lot.
  • Located near multiple retailers and service providers, including Aldi, Walmart Supercenter, Chick-fil-A, Kroger, Dunkin’, and much more.

Data Room Click Here to Access

Property Facts

Sale Type
Investment
Property Type
Office
Building Size
16,348 SF
Building Class
B
Year Built/Renovated
1977/2023
Percent Leased
50%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
8,174 SF
Building FAR
0.51
Lot Size
0.74 AC
Zoning
CS
Parking
35 Spaces (2.14 Spaces per 1,000 SF Leased)

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Floor
  • 8,150-8,174 SF
  • Office
  • Partial Build-Out
  • Now

New ownership Willing to do build-to-suit Could be demised or subdivided Ground level access on both floors Prime location next to Big Ed's pizza Work ongoing to convert to vanilla shell

Space Size Space Use Condition Available
1st Floor 8,150-8,174 SF Office Partial Build-Out Now

1st Floor

Size
8,150-8,174 SF
Space Use
Office
Condition
Partial Build-Out
Available
Now

1st Floor

Size 8,150-8,174 SF
Space Use Office
Condition Partial Build-Out
Available Now

New ownership Willing to do build-to-suit Could be demised or subdivided Ground level access on both floors Prime location next to Big Ed's pizza Work ongoing to convert to vanilla shell

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
094O-A-017.00
Land Assessment
$34,320
Improvements Assessment
$285,240
Total Assessment
$319,560
  • Listing ID: 30337808

  • Date on Market: 3/28/2024

  • Last Updated:

  • Address: 101 E Tennessee Ave, Oak Ridge, TN 37830

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