For Sale
$2,100,000

2497 Roane StHarriman, TN 37748

Value-add medical office, high potential.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 28,880 square foot medical office building, situated on a 5.21-acre lot in Harriman, Tennessee, presents a compelling value-add investment opportunity. The Class B property, built in 1997, features a two-story building with 134 parking spaces and boasts four tenants, including an anchor tenant, the State of Tennessee, with a lease extending to 2031. The current NOI is $108,373, yielding a 5.16% cap rate

Highlights

  • State of Tennessee anchored, lease expiring 2031.
  • High visibility corner lot with traffic signal.
  • $341,500 projected annual gross rent.
  • 9,000 contiguous square feet of vacant space available.
  • Actively leasing at $15/SF + $3.50/SF NNN.
  • Potential for strong cap rate and cash-on-cash return.

Property Details for 2497 Roane St

Property type
Office properties, Medical offices
Square Feet
28,880 SF
Class
B
Year Built
1997
Buildings
1
Stories
2
Lot Size (sq. ft)
226,948 SF

Location Insight

City
Harriman
County
Roane
State
Tennessee
Latitude
35.8939679
Longitude
-84.6174142
2497 Roane St, Harriman, Tennessee

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
2497 Roane St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message