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    1291 Oak Ridge Tpke Oak Ridge, TN 37830

    Sponsored
    For Lease
    Contact for pricing

    High-traffic retail space available.

    Lot size:
    4,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Class A retail property, located at 1291 Oak Ridge Turnpike in Oak Ridge, Tennessee, offers a prime opportunity for businesses seeking high visibility and strong foot traffic. The 4,000 square foot, single-story building, constructed in 2011, sits on a 0.71-acre lot (30,928 square feet) and boasts excellent ingress and egress at a signalized intersection. Currently, 2,000 square feet of retail space is available for lease within this multiple-tenancy building. The property enjoys a highly desirable location adjacent to Walgreens and CVS, and in close proximity to major retailers such as Walmart Supercenter, JC Penney, Belk, TJ Maxx, Dick's Sporting Goods, PetSmart, Ulta Beauty, and Starbucks, ensuring significant exposure to a large customer base. The site benefits from ample parking (38 spaces, a ratio of 9.27 per 1000 square feet) and high visibility due to its placement in front of a high-traffic area averaging 27,820 cars daily. The available space is divisible, offering flexibility for potential tenants. The property's address is 1291 Oak Ridge Turnpike, with a cross street of E. Main Street, and its APN is 02-099L-A-099L-00500.

    Property Features for 1291 Oak Ridge Tpke

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,000 SF
    Class
    A

    Building Details

    Year Built
    2011
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Available space
    Size
    2,000 SF

    HighLights

    • 4,000 SF retail building on 0.71 acres (30,928 SF lot).
    • 2,000 SF of vacant space available for lease.
    • Located at 1291 Oak Ridge Turnpike, Oak Ridge, TN, near major retailers like Walgreens, CVS, Walmart, and more.
    • Built in 2011, Class A construction with 38 parking spaces.
    • High visibility location with excellent ingress/egress at a signalized intersection, and high daily traffic counts (27,820 vehicles).
    Property Profile Location Intelligence

    Current Use by Public Records

    AT&T Store Cell Phone Store AT&T - Internet Service ... Internet Service Provider

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Oak Ridge
    County
    Anderson
    State
    Tennessee
    Longitude
    -84.2536886
    Latitude
    36.0144543

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    FAQs

    What type of property is this?
    Land - High-traffic retail space available.
    Where is this land located?
    The property is located at 1291 Oak Ridge Tpke Oak Ridge, TN.
    What are key features of this property?
    This property features: 4,000 SF retail building on 0.71 acres (30,928 SF lot).; 2,000 SF of vacant space available for lease.; Located at 1291 Oak Ridge Turnpike, Oak Ridge, TN, near major retailers like Walgreens, CVS, Walmart, and more.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1291 Oak Ridge Tpke Oak Ridge, TN 37830
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