1990 Oak Ridge Tpke Oak Ridge, TN 37830

This exceptional 1.92-acre commercial property, located at 1990 Oak Ridge Turnpike in Oak Ridge, Tennessee (zip code 37830), presents a rare investment opportunity. The property boasts a prominent redlight corner location with over 320 feet of frontage on Oak Ridge Turnpike, plus additional frontage on Louisiana Avenue and East Lincoln Avenue. The site includes a 27,744-square-foot building constructed in 1975, offering significant potential for various uses. Currently zoned B2, this versatile space is ideal for a variety of retail ventures, including convenience stores, restaurants, or mini-storage facilities. All city municipal utilities are conveniently located on-site. The asking price is $994,900, translating to $43.08 per square foot. The property's location within an Opportunity Zone adds further investment appeal. This single-tenant building sits on a large lot, providing ample space for expansion or future development. The property is available for occupancy on August 3, 2023. The Anderson County location offers excellent visibility and accessibility, making it an attractive proposition for businesses seeking a high-traffic location. Consider the potential for synergy with the adjacent former bank branch, which is also available for purchase, expanding the total site area to 2.61 acres. Cash or other sale terms are considered.