For Sale
$2,100,000

2497 Roane St Harriman, TN 37748

Value-add medical office, high potential.

Overview

Added:
Dec 11, 2024
Days on market:
135
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

FAQs

What type of property is this?
Office property - Value-add medical office, high potential.
Where is the office property located?
The property is located at 2497 Roane St Harriman, TN.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: State of Tennessee anchored, lease expiring 2031.; High visibility corner lot with traffic signal.; $341,500 projected annual gross rent.
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 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 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