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East TN Children's Hospital 145 E Vance Rd 9,744 SF Office Building Oak Ridge, TN 37830 $1,793,757 CAD ($184.09 CAD/SF)



INVESTMENT HIGHLIGHTS
- Strategic Location
- Oak Ridge National Laboratory
- Methodist Medical Center
- Strong Demographics
EXECUTIVE SUMMARY
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the vacant medical office building located at 145 E Vance Road in Oak Ridge, Tennessee (the “Property”). The Property consists of a vacant, two-story medical office building with 9,744 square feet of space and the adjacent parking lot on a combined 41,382 square foot, 0.95-acres of land. The Property enjoys outstanding frontage and visibility and is zoned UB-2 (Unified General Business), one of the most versatile designations in Oak Ridge. The Property was previously occupied by East TN Children’s Hospital. The Property is strategically located along E Vance Road in the heart of the Oak Ridge commercial and medical district. The vacant medical office building benefits from outstanding visibility, frontage, and signage and is across the street from Methodist Medical Center, a 283-bed hospital owned and operated by Covenant Health. The Property is surrounded by medical and professional buildings and is convenient to national retailers, restaurants, and several large industrial facilities that drive traffic to the area. 145 E Vance Road is one block from Oak Ridge Turnpike (TN Route 95) and 2 miles from S Illinois Avenue (TN Route 62), the area’s primary commercial and commuter corridors. Oak Ridge, Tennessee is located in the center of the state, 25 miles from Knoxville, 110 miles from Chattanooga and 160 miles from Nashville.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
9,744 SF
Building Class
C
Year Built
1975
Price
$1,793,757 CAD
Price Per SF
$184.09 CAD
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
4,872 SF
Building FAR
0.24
Lot Size
0.95 AC
Zoning
UB2
PROPERTY TAXES
| Parcel Number | 100A-B-024.00 | Improvements Assessment | $386,078 CAD |
| Land Assessment | $63,074 CAD | Total Assessment | $449,152 CAD |
PROPERTY TAXES
Parcel Number
100A-B-024.00
Land Assessment
$63,074 CAD
Improvements Assessment
$386,078 CAD
Total Assessment
$449,152 CAD
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East TN Children's Hospital | 145 E Vance Rd
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