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1050 Oak Ridge Tpke
Oak Ridge, TN 37830
Retail Property For Sale
Investment Highlights
- Excellent frontage along Oak Ridge Turnpike with traffic counts of approximately 26,356 vehicles per day
- Features a two-story structure with elevator and dual drive-thru lanes from its previous pharmacy layout
- Situated near a regional hospital and established healthcare network, ideal for medical or wellness tenants
- Located in Oak Ridge’s most prominent retail trade area in proximity to national retailers and restaurants
- Zoned UB-2 General Commercial Business, supporting diverse uses including healthcare, retail, and redevelopment
- Positioned on 0.60 acres offering flexibility for future adaptive reuse or complete redevelopment concepts
Executive Summary
This two-story former pharmacy property with elevator access offers a unique repositioning or redevelopment opportunity in Oak Ridge, Tennessee. Located on a 0.60-acre parcel with approximately 158 feet of frontage along Oak Ridge Turnpike, the site benefits from traffic counts exceeding 26,000 vehicles per day. Zoned UB-2 General Commercial Business, the property’s configuration and location in Oak Ridge’s busiest retail trade corridor make it suitable for investors seeking to capitalize on strong local demand.
The site has flexibility for future adaptation, including healthcare, dental, or veterinary uses, or complete redevelopment for retail or mixed-use projects. Its proximity to major retailers, regional medical facilities, and Oak Ridge’s dense residential base adds long-term value for a wide range of buyer strategies. Investors will find extended upside potential through adaptive reuse or a will-sell-as-is opportunity for a strong-positioned retail corridor asset.
The site has flexibility for future adaptation, including healthcare, dental, or veterinary uses, or complete redevelopment for retail or mixed-use projects. Its proximity to major retailers, regional medical facilities, and Oak Ridge’s dense residential base adds long-term value for a wide range of buyer strategies. Investors will find extended upside potential through adaptive reuse or a will-sell-as-is opportunity for a strong-positioned retail corridor asset.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Drug Store
Building Size
4,000 SF
Building Class
C
Year Built
1995
Price
$1,533,488 CAD
Price Per SF
$383.37 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.15
Lot Size
0.60 AC
Zoning
UB2 - General Commercial Business
Parking
19 Spaces (4.75 Spaces per 1,000 SF Leased)
Frontage
46’ on Oak Ridge Tpke
Amenities
- Pylon Sign
- Drive Thru
Property Taxes
| Parcel Number | 100A-B-020.00 | Improvements Assessment | $194,112 CAD |
| Land Assessment | $224,168 CAD | Total Assessment | $418,280 CAD |
Property Taxes
Parcel Number
100A-B-020.00
Land Assessment
$224,168 CAD
Improvements Assessment
$194,112 CAD
Total Assessment
$418,280 CAD
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