221 Oak AveCookeville, TN 38501

Property Details for 221 Oak Ave

Year built

1974

Lot size

0.38 AC

Property size (Sq ft)

6,351 SF

Zone code

CM

Property type

Medical offices

Property subtype

Medical centers

APN

071053B K 00600

APU

071053BK00600

Description

This exceptional medical office building, located at 221 N. Oak Ave in Cookeville, Tennessee, presents a unique investment opportunity. The property, built in 1974 and zoned CM, boasts a total of 6,351 square feet, with 4,900 square feet currently available for lease. The building is configured to suit a variety of medical practices, featuring eight examination rooms, two patient restrooms, a dedicated phlebotomy area, an X-ray room, and four physician's offices. The multiple tenancy structure allows for flexibility and potential for growth. Situated in Cookeville, TN, zip code 38501, this property offers convenient access to a thriving community. The ample square footage and well-designed layout provide an ideal setting for a medical practice seeking expansion or a new establishment looking for a turnkey solution. The existing infrastructure is ready for immediate occupancy, minimizing upfront investment and allowing for a quick start to operations. This is a rare opportunity to acquire a well-positioned medical office building in a desirable location. The property's size and layout offer significant potential for a variety of medical uses, making it an attractive option for both established and emerging medical professionals. Serious inquiries are encouraged to explore this exceptional opportunity further.

• CAP approach

  CAP return

  Valuation

  6%

  $1,034,026

  6.5%

  $954,486

  7%

  $886,308

• Comparable approach

  Method

  Valuation

  Relative Method

  $546,694

  Geo Method

  $546,694

• Alternative Use

  Use

  Valuation

  Residential

  $1,183,563

  Hospitality

  $1,084,137

  Educational

  $901,989

  Medical

  $933,010

  Retail

  $1,403,094

Location Insight

City

Cookeville

County

Putnam

State

Tennessee

Latitude

36.1672

Longitude

-85.5083

CBSA code

18260

CBSA name

COOKEVILLE, TN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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