Office Building for Sale in McMinnville, TN

Office for Sale
Catylist Listing ID: 30223435
Property Subtypes: Medical, Office Building
Building Size (RSF): 12,272 SF
Gross Building Area: See Agent
Sale Price: $1,100,000
Unit Price: $89.63 PSF
Property Use Type: Investment, Vacant/Owner-User
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/17/2018

Overview / Comments

This spacious medical office building is located in downtown McMinnville, Tennessee. It has 12,272 square feet of desirable space which is divided between the upstairs (6492 sq ft) and the downstairs (5780 sq ft). Currently the downstairs has two office suites which are rented to two different tenets for $1500 per month each (total of $3000). The upstairs offers 6 exam rooms, one treatment room, reception area, one kitchen, 3 physician's offices, 3 full bathrooms, one x-ray room, large waiting room, staff break room and ample storage. The .85 acre lot has an over sized paved parking lot with a circle driveway for easy patient access. This office building has operated as an orthopedic surgeon's office from 1989 to 2017 and would be ideal for another orthopedic clinic to move right in. However, it can be used for a variety of other medical or professional practices.

Additional Details

Nearest MSA: McMinnville
County: Warren
Tax ID/APN: 058 091.04
Area Description: This building is located directly across the street to St. Thomas Hospital in beautiful McMinnville, Tennessee. Hampton Hotels have agreed to purchase the lot next door which was the former River Park Hotel.
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 12,272 SF
Year Built: 1989
Construction/Siding: Brick
Parking Type: Surface
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,342 12,337 21,051
Median Age: 45.64 39.75 39.11
Households: 645 5,082 8,556


Photograph of Listing Agent

Joe M Pleva

KW Commercial Greater Chattanooga REALTORS® Member
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