Gray, TN Medical Office Building

Office for Sale
Catylist Listing ID: 30325617
Property Subtypes: Medical, Net Leased, Office Building, Research & Development
Building Size (RSF): 6,870 SF
Gross Land Area: 1 Acre
Sale Price: $1,000,000
Unit Price: $145.56 PSF
Property Use Type: Investment, Vacant/Owner-User
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/17/2019

Overview / Comments

This is an excellent quality medical office building located in a high growth area of the Tri-Cities, TN/VA (Gray, TN). This building is constructed of steel and brick with market standard finishes, and is suitable for a variety of medical office users. The building is functional for single-tenancy, however, it could just as easily be used by multiple complementary practices. This property is well suited for owner-occupancy for a medical office user or has excellent appeal as an investment property.

The building floor plan includes a main lobby, five exam rooms with sinks, three over sized exam rooms, multiple private offices, procedure and lab rooms, nurse's station, multiple restrooms, a break room, and adequate storage area. There are multiple entrances to the building at the front, side, and rear. This building in the past has been used for a family practice, however, the majority is currently leased for a specialty plasma center use.

The building is situated on a 1.00 Acre lot and there is ample parking surrounding the building. The site is located a short distance off the primary neighborhood intersection of Old Gray Station Road and Bobby Hicks Hwy. (Hwy. 75). Nearby uses include a variety of complementary professional and medical office uses.

Additional Details

Nearest MSA: Johnson City
County: Washington
Taxing Authority: Washington County, TN
Tax ID/APN: 090012I B 01101
Property Visibility: Excellent
Year Built: 2003
Parking Type: Surface
Sprinklers: None
Heat Type: Electricity
Heat Source: Heat Pump
Internet Access: Cable
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,701 15,736 47,484
Median Age: 39.51 39.64 42.38
Households: 738 6,631 19,674


Photograph of Listing Agent

Josh Gouge

Green Commercial Realty, Inc.
The information presented herein is provided as is, without warranty of any kind. Neither Northeast Tennessee Association of REALTORS® nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.