1143 Oak Ridge Tpke Oak Ridge, TN 37830
- Retail space
- 1,827 SF
- 1.64 lot acres
Current Use by Public Records
- 5th & Nine CBD/Hemp / Health And Beauty Shop
- The UPS Store / Shredding Service / Freight Forwarding Service
- allintohealthgoal / Pharmacy
- FDPins / Jewelry Designer
- East Tennessee Orthodontics / Orthodontist
Property Details for 1143 Oak Ridge Tpke
- Year built
- 2006
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 1.64 lot acres
- Property size
- 1,827 SF
- Property type
- Retail space
- APN
- 001100H A 00500
- APU
- 001100HA00500
Description
This exceptional Class A commercial property, located at 1143 Oak Ridge Turnpike in Anderson County, presents a unique opportunity. The 1,720 square foot space is currently vacant and available for sale or lease. Built in 2006, this two-story building offers a modern and spacious environment with 10-foot ceilings and contemporary finishes. The property boasts a highly desirable location within the Central Park development in Oak Ridge, benefiting from excellent visibility and signage opportunities directly on the Turnpike. The building features 24-hour access, providing ultimate flexibility for tenants. This diverse business environment includes established neighbors such as a law firm, wealth management company, orthodontist, and restaurant, creating a vibrant and synergistic atmosphere. The property's APN is 001100H A 00500. The building consists of one structure with multiple tenancies, and the entire 1,720 square feet is currently available. This is an ideal space for businesses seeking a high-profile location with modern amenities and a strong tenant mix. The property is classified as both retail and office space, offering versatility for a range of potential uses.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $220,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $280,000
- 6.5%
- $310,000
- 7%
- $315,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $260,000
- Geo Method
- $250,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $305,000
- Retail
- $380,000
- Mixed-Use
- $275,000
- Hospitality
- $300,000
- Educational
- $375,000
- Residential Income
- $325,000
- Energy
- $300,000
- Income-Based Land
- $370,000
- Food Service
- $305,000
Location Insight
- Map
- Local Demand
- City
- Oak Ridge
- County
- Anderson
- State
- Tennessee
- Longitude
- -84.247
- Latitude
- 36.019
- CBSA code
- 28940
- CBSA name
- KNOXVILLE, TN METROPOLITAN STATISTICAL AREA
