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    170 Oak Ridge Tpke Oak Ridge, TN 37830

    Sponsored
    For Sale
    $279,000

    1.22 Acres Commercial Land, High Traffic

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.22-acre commercial land parcel, located at 170 Oak Ridge Turnpike in Oak Ridge, Tennessee (APN: 094F B 062.00), presents a compelling investment opportunity. Zoned UB-2, this flat, table-top site boasts highway frontage and enjoys exceptional visibility due to daily traffic counts exceeding 20,000 vehicles. All utilities are readily available on-site, simplifying development plans. A completed survey is included with the sale, streamlining the due diligence process. The asking price is $279,000, translating to a land value of $228,689 per acre. The property's prime location offers numerous potential uses, capitalizing on the strong local demographics, including average household incomes exceeding $80,000. This is an ideal site for businesses seeking high visibility and convenient access to a substantial customer base. The property is owned by Chris Lane and lease options are not available. This is a rare opportunity to acquire a well-situated commercial land parcel in a thriving Tennessee community. Serious inquiries only.

    Property Features for 170 Oak Ridge Tpke

    General Information

    Property type
    Land
    Lot Size
    53,143 SF

    HighLights

    • 1.22‑acre commercial lot in Oak Ridge, TN (APN: 094F B 062.00)
    • UB‑2 zoning, flat topography, highway frontage, and over 20,000 vehicles daily
    • All utilities available, completed survey included
    • Asking price: $279,000 ($228,689/acre)
    • High visibility, strong local demographics (>$80,000 average household income)
    • Owned by Chris Lane; no lease options available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Pattersons Home Appliances Appliance Repair Service

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Oak Ridge
    County
    Anderson
    State
    Tennessee
    Longitude
    -84.21402437
    Latitude
    36.04254609

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    FAQs

    What type of property is this?
    Land - 1.22 Acres Commercial Land, High Traffic
    Where is this land located?
    The property is located at 170 Oak Ridge Tpke Oak Ridge, TN.
    What is the asking price?
    The asking price for this property is $279,000.
    What are key features of this property?
    This property features: 1.22-acre commercial lot in Oak Ridge, TN (APN: 094F B 062.00); UB-2 zoning, flat topography, highway frontage, and over 20,000 vehicles daily; All utilities available, completed survey included
    (865) 777-3035
    Request Owner's contact information
    170 Oak Ridge Tpke Oak Ridge, TN 37830
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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
    170 Oak Ridge Tpke Oak Ridge, TN 37830
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