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: 1/30/2019

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.
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