221 Oak AveCookeville, TN 38501

  • Healthcare properties
  • 6,351 SF
For Lease

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
Healthcare properties
Property subtype
Medical offices
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
221 Oak Ave, Cookeville, Tennessee

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$10,643
$59,400
$263,920
$323,320
-
$148,500
$659,800
$808,300

FAQs

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