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420 Laboratory Rd 11,140 SF 61% Leased Office Building Oak Ridge, TN 37830 $2,918,370 CAD ($261.97 CAD/SF)
Investment Highlights
- Strong Existing Cash Flow for Current Medical Tenant
- 4,000 SF of Leasable Space
- Growing Market of Oak Ridge, TN
Executive Summary
Prime Investment & Owner-User Opportunity in a Growing Medical/Office Market
A unique opportunity to acquire a well-located medical/office property in the expanding Oak Ridge commercial real estate market. The building offers a total of 11,142 square feet of functional space, with a stable tenant in place and additional vacant area that presents future income or owner-occupancy potential.
Property Highlights:
• Total Building Size: Approximately 11,420 SF (gross building area).
• Strong Existing Cash Flow: A substantial portion of the building is currently occupied by East Tennessee Oral & Maxillofacial Surgery, a well-established medical practice with long-term tenancy.
• Vacant Space Available: Approximately 4,000 SF of office space is currently vacant for lease or owner use, offering immediate upside income or the opportunity for the buyer to occupy space for their own operations.
• Flexible Use: Ideal for investors seeking a stabilized property with upside potential or owner-users looking to locate their office while benefiting from rental revenue.
• Desirable Location: Situated in Oak Ridge — a dynamic market supported by steady demand for quality medical and professional office space.
This offering delivers a balanced blend of income stability and growth potential, making it attractive for investors and owner-occupiers alike. Don’t miss your chance to own a versatile asset in one of East Tennessee’s established commercial corridors
A unique opportunity to acquire a well-located medical/office property in the expanding Oak Ridge commercial real estate market. The building offers a total of 11,142 square feet of functional space, with a stable tenant in place and additional vacant area that presents future income or owner-occupancy potential.
Property Highlights:
• Total Building Size: Approximately 11,420 SF (gross building area).
• Strong Existing Cash Flow: A substantial portion of the building is currently occupied by East Tennessee Oral & Maxillofacial Surgery, a well-established medical practice with long-term tenancy.
• Vacant Space Available: Approximately 4,000 SF of office space is currently vacant for lease or owner use, offering immediate upside income or the opportunity for the buyer to occupy space for their own operations.
• Flexible Use: Ideal for investors seeking a stabilized property with upside potential or owner-users looking to locate their office while benefiting from rental revenue.
• Desirable Location: Situated in Oak Ridge — a dynamic market supported by steady demand for quality medical and professional office space.
This offering delivers a balanced blend of income stability and growth potential, making it attractive for investors and owner-occupiers alike. Don’t miss your chance to own a versatile asset in one of East Tennessee’s established commercial corridors
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
11,140 SF
Building Class
C
Year Built
1995
Price
$2,918,370 CAD
Price Per SF
$261.97 CAD
Percent Leased
61%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
5,570 SF
Slab To Slab
10’
Building FAR
0.47
Lot Size
0.54 AC
Zoning
O-2
Parking
15 Spaces (1.35 Spaces per 1,000 SF Leased)
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
Great opportunity to lease 2,000 -4,000 SF of office space in the heart of Oakridge, Tennessee.
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 4,000 SF | Office | Partial Build-Out | Now |
1st Floor
| Size |
| 4,000 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Now |
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1st Floor
| Size | 4,000 SF |
| Space Use | Office |
| Condition | Partial Build-Out |
| Available | Now |
Great opportunity to lease 2,000 -4,000 SF of office space in the heart of Oakridge, Tennessee.
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Fairly walkable
50/100
Moderately drivable
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 100A-C-037.00 | Improvements Assessment | $676,989 CAD |
| Land Assessment | $170,799 CAD | Total Assessment | $847,788 CAD |
Property Taxes
Parcel Number
100A-C-037.00
Land Assessment
$170,799 CAD
Improvements Assessment
$676,989 CAD
Total Assessment
$847,788 CAD
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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420 Laboratory Rd
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