Net Leased Retail Offering City of Oak Ridge

Retail-Commercial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30838490
Property Subtypes: Mixed Use, Retail-Pad, Street Retail, Other
Status: Pending/Contingent
Building Size (RSF): 9,888 SF
Gross Building Area: See Agent
Sale Price: $2,107,256
Unit Price: $213.11 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User
Building Name: Central Park
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 9/28/2023

Overview / Comments

Net Leased Retail/Office Investment offering in the “Golden Triangle” of the City of Oak Ridge. With strong income, employment and growth in all real estate sectors in this market, Oak Ridge has seen some big changes to its commercial real estate landscape in the past few years. Central Park is home to a wonderful mix of local, regional, and national brands; providing you the opportunity to diversify your real estate holdings with strong income and tax benefits coupled with low owner maintenance and responsibility. Situated on the highly trafficked Oak Ridge Turnpike adjacent to Home Federal Bank, this offering of 6 retail and office condos can be purchased individually or as a package. Contact agent for financials and rent rolls.

Additional Details

Nearest MSA: Knoxville
County: Anderson
Taxing Authority: City of Oak Ridge
Tax ID/APN: 001100HA00500
Retail Clientele: General, Family, Business
Property Visibility: Excellent
Largest Nearby Street: Oak Ridge Turnpike
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Excellent
Year Built: 2006
Parking Description: Field parking surface
Zoning Description: Commercial

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,578 24,414 39,767
Median Age: 39.43 42.07 43.42
Households: 3,128 10,771 17,012


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