710 South Illinois Avenue

Oak Ridge, TN 37830

Pine Ridge

Listing ID: 196583
$2,990,000
For Sale
  • Property Type Office : Professional
  • Lot Size Acres 0.000
  • Building Sq Ft 60,000
  • Building Price per Sq Ft $49.83
  • Land Price per Sq Ft $49.83
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Description

Pine Ridge Office complex is currently being offered for sale by Avison Young Knoxville. This multi-tenant professionally maintained property is 80% occupied, features 6 individual buildings, with front door parking, easy access and close proximity to Y-12 National Security Complex (The largest Employer in the Knox MSA). The historical income and expense statements show consistent and durable income overall several years and plenty of upside. The property is located on the south side of S. Illinois Avenue with traffic counts exceeding 29,000 vehicles per day.

• 60,000 Rentable SF

• Return Based on In-place income at 80% occupied and historical expenses

• Easy Access to Oak Ridge and Knoxville

• Consistent Income with long standing tenants

• Upside Potential/Value Add Investment

• Drive up to door locations

• Flexible Floor Plans and lease terms

• Major Tenants include:

Process Engineering (https://processengr.com/)

CTI & Associates, Inc.

East Tennessee Oral & Maxillofacial

Strategic Resource Alliance

Oxygen & Sleep Associates, Inc.

Listing Demographics

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile 3-Miles 5-Miles
Total Population2,35718,51637,200
Population Median Age404140
Population by Age0-9 Yrs301 (12%)2246 (12%)4337 (11%)
10-19 Yrs197 (8%)1925 (10%)4492 (12%)
20-29 Yrs437 (18%)2602 (14%)4675 (12%)
30-39 Yrs269 (11%)2282 (12%)4585 (12%)
40-49 Yrs304 (12%)2477 (13%)4993 (13%)
50-59 Yrs190 (8%)2252 (12%)4907 (13%)
60-69 Yrs416 (17%)2502 (13%)4828 (12%)
70+ Yrs244 (10%)2231 (12%)4384 (11%)
Median HH Income$31,757$45,374$56,092
Total Household Income< 24K360 (35%)2301 (28%)3555 (23%)
25-49K289 (28%)1938 (23%)3371 (21%)
50-74K173 (17%)1475 (18%)2851 (18%)
75-99K58 (5%)749 (9%)1832 (11%)
100-199K89 (8%)1295 (16%)3105 (20%)
200K+39 (3%)329 (4%)717 (4%)
Highest Education LevelNo Diploma25812132109
Diploma or GED56835076614
Some College39029105880
Assoc. Degree16610942150
Bachelors Degree16823765184
Higher Degree16321144363
Total Housing Units1,2219,55717,629
--Owner-Occupied5094,51710,046
--Renter-Occupied5003,5705,385
Owner-Occupied Values< 100K21614562692
100-199K16018723840
200-299K986951954
300-399K19254771
400-499K8132378
500K+8109411
Total Working Age Population1,88815,04729,833
In Work Force1,0159,06118,279
Not In Work Force8735,98711,554
Workforce Employed9708,48617,281
Workforce Unemployed45575993
Civlian Workforce1,0159,06118,275
Military Workforce004
Total Households1,0098,08815,431
Family Households5624,5919,778
Non-Family Households4473,4975,653
Married Couple4273,1377,091
Other Family1351,4542,687
Married w/Child2131,2662,665
Single Male w/Child19100268
Single Female w/Child596811,249

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
Tennessee5,689,283+126,346,105+96,886,369+77,393,069
Knox County382,032+13432,226+10473,996+8513,318
Anderson County71,330+575,129+377,151+379,454
Roane County51,910+454,181-253,285053,111

No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

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