Five Rivers Obstectrics & Gynecology

Office for Sale
Catylist Listing ID: 30576344
Property Subtypes: Executive Suites, Governmental, Medical, Flex Space, Office Building
Building Size (RSF): 8,535 SF
Gross Land Area: 1.40 Acres
Sale Price: $999,999
Unit Price: $117.16 PSF
Ceiling: 11 ft.
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Building Name: Five Rivers Obstectrics & Gynecology
Class of Space: Class A
Usable Size (USF): 8,535 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/30/2020

Overview / Comments

This business opportunity is multi-faceted as Five Rivers Obstetrics & Gynecology currently occupies one Suite and the remainder of the Building is occupied by a Tenant. As an income producing property this investment maybe just what your looking for in a great low maintenance brick office building. The Sale also includes an additional space which also could be expanded upon for increasing your yield on investment, or perhaps even an additional building.
This portion of Bob Morris Boulevard is expanding a new Commercial/Medical complex is being planned within 100 yards of our facility. Call today for more information.

Additional Details

Nearest MSA: Morristown
County: Hamblen
Submarket Type: Central Business District
Taxing Authority: Hamblen County
Tax ID/APN: 041F A 002.03
Zoning: B-2
Property Located Between: Martin Luther King Blvd and Andrew Johnson Highway
Property Visibility: Excellent
Highway Access: Direct access on to Hwy 34 or Morris Boulevard
Airports: TRI - Tri Cities Regional Airport
Site Description: The property fronts along Morris Blvd, which is a four landed highway running east to west as a by pass around a portion of Andrew Johnson Highway. This level site, with extensive parking and the brick Clock tower, make this a center piece of a prime development and office area in downtown Morristown.
Area Description: The immediate area on Bowman Road, contains a number of other Medical and Professional Offices which are placed up and down Morris Avenue. With easy access to either side of Morristown as well as I-81, this area continues to be developed as a hot bed of activity with extremely high traffic counts.
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 4,500 SF
Year Built: 1993
Roof Type: Flat
Construction/Siding: Brick
Exterior Description: Classic brick office exterior with straight efficient lines and many windows, create a bright and inviting space.
Parking Type: Structure
Parking Description: Surface parking, which runs nearly completely around the building, provides mor than adequate parking for 3 medical offices.
Total Parking Spaces: 100
Sprinklers: None
Heat Type: Electricity, Natural Gas
Heat Source: Central, Heat Pump
Air Conditioning: Engineered System
Internet Access: Cable, DSL, T1/T3
Interior Description: Bright, clean, efficient use of space provides for a great office setting for nearly any type of medical office, including dentistry. Both suites which are currently available for Lease, have reception areas, lobby areas, public restrooms, as well as restrooms on the interior of the office space for staff. Private offices and procedure rooms abound in both the 3,300 sq ft Suite 2 or the 2,500 Suite 3.
Zoning Description: B-2
Lot Frontage: Morris Blvd 194'; Bowman 244'
Lot Depth: 244'
Water Service: Municipal
Sewer Type: Municipal
Easements: Electric Lines, Utilities
Easements Description: Normal easements for utilities and access.
Land Ownership: Fee Simple
Legal Description: Upon Request

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,938 26,669 46,664
Median Age: 35.95 37.63 38.84
Households: 1,989 10,502 18,360


Photograph of Listing Agent

Richard S. Armstrong, III

TCI Group - Lowry & Foster, Inc. NETAR CMLS Member
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