Property profile

170 Oak Rdg Tpke Oak Ridge, TN 37830

OFF-MARKET
Retail space
Property ID
US80-3498595
6,676 SF 1.55 ac lot Built 1993
Individually Owned 2-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

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 profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1993
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 6,676 SF
Lot 1.55 ac (67,518 SF)
Zoning code R1C
APN 001094F B 06300
UPID US80-3498595

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Home Appliance Store

Location

170 Oak Rdg Tpke Oak Ridge, TN 37830-7256
Oak Ridge metro Census 20300 KNOXVILLE, TN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$380k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$380k

Owner & transaction history

since 2024
Last sale
$379,000
4 recorded transactions
2024
Price N/A
2014
$379,000
2005
$367,000
1969
Price N/A

Zoning & alternative use

R1C · Oak Ridge, TN

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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