170 Oak Ridge Tpke Oak Ridge, TN 37830
- Retail space
- 6,676 SF
- 1.55 lot acres
Current Use by Public Records
- Pattersons Home Appliances / Appliance Repair Service / Appliance Store
Property Details for 170 Oak Ridge Tpke
- Year built
- 1993
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 1.55 lot acres
- Property size
- 6,676 SF
- Zone code
- R1C
- Property type
- Retail space
- APN
- 001094F B 06300
- APU
- 001094FB06300
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $380,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $325,000
- 6.5%
- $350,000
- 7%
- $330,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $340,000
- Geo Method
- $320,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $400,000
- Retail
- $385,000
- Mixed-Use
- $380,000
- Hospitality
- $365,000
- Educational
- $340,000
- Residential Income
- $410,000
- Energy
- $360,000
- Income-Based Land
- $335,000
- Food Service
- $315,000
Location Insight
- Map
- Local Demand
- City
- Oak Ridge
- County
- Anderson
- State
- Tennessee
- Longitude
- -84.2137
- Latitude
- 36.0434
- CBSA code
- 28940
- CBSA name
- KNOXVILLE, TN METROPOLITAN STATISTICAL AREA
