313

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313

Oak Ridge, TN 37830
Asking Price
$635K
Asset Type
Retail
Class
Class B

What's Special

313 Oak Ridge Turnpike is situated within the primary commercial corridor of Oak Ridge, Tennessee. The surrounding neighborhood is characterized by a mix of established professional offices, national retailers, and municipal buildings. The property provides direct frontage on the city's main thoroughfare, offering high visibility and immediate access to Highway 95 and Highway 62. Local amenities include the nearby Jackson Square historic district, multiple financial institutions, and the Oak Ridge Associated Universities campus, ensuring steady regional traffic. The building's layout and central position make it suitable for various retail or service-oriented applications. Ideal use cases include boutique shops, specialized showrooms, or quick-service food operations. The location is well-positioned for national franchises or local businesses seeking proximity to the city's daytime employment base. Typical tenants would benefit from the dense concentration of government contractors and research professionals working within the immediate five-mile radius.

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NOI
$80,000
Cap Rate
12.60%
DSCR
2.12
Strong
Cash-on-Cash
22.20%
Monthly Payment
$3,141.634
Annual Cash Flow
$42,300.398

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