145 E Vance Rd, Oak Ridge, TN 37830

THE ASSET: The vacant building is improved by a two-story 9,744 square foot medical building constructed in 1975 on a 25,700 square foot (0.59-acre) parcel. The Offering also includes the adjacent 15,682 square foot (0.36-acre) parking lot on Tennyson Road. The Property benefits from outstanding signage, visibility, and frontage (200’ along E Vance Road, 160’ along Vandalia Road and 140’ along Tennyson Road) and is adjacent to the Methodist Medical Center of Oak Ridge. 145 E Vance Road was re- roofed in 2010 and the parking lot was restriped in 2019.

ZONING: The Property is zoned UB-2 (Unified General Business), one of the most versatile and desirable designations in Oak Ridge. The UB-2 zoning district allows for a variety of commercial uses, including office buildings, retail, and certain services. It also permits residential uses as part of a Mixed Use Development and includes special exceptions like multifamily dwellings within a Planned Unit Development.

STRATEGIC LOCATION: The vacant medical office building is strategically located along E Vance Road in the commercial center of Oak Ridge. The Property is across the street from the 283-bed Methodist Medical Center and is surrounded by other medical complexes, national retailers and restaurants. The Property is one block from Oak Ridge Turnpike, the area’s primary commercial corridor and is convenient to Roane State Community College, Oak Ridge High School and several large office and industrial facilities.

METHODIST MEDICAL CENTER: Methodist Medical Center of Oak Ridge is a nonprofit, community owned hospital serving East Tennessee. With 283 staffed beds, it operates as a regional medical center within Covenant Health, the largest healthcare system in the region. Originally opened in 1943 as an Army hospital during the Manhattan Project, Methodist has grown into a full service facility serving more than 200,000 residents across Anderson, Roane, Morgan, Campbell, and Scott counties. As part of Covenant Health, Methodist Medical Center employs around 1,000 staff including physicians, nurses, and support personnel. The hospital distinguishes itself as an Advanced Primary Stroke Center, and offers approximately 30 specialty services spanning cardiology, orthopedics, oncology, wound care, neurosurgery, interventional radiology, and robotic-assisted procedures.

OAK RIDGE NATIONAL LABORATORY: The Property is within 10 miles of Oak Ridge National Laboratory (ORNL). Located in Oak Ridge, ORNL is the largest U.S. Department of Energy (DOE) science and energy laboratory. Established in 1943 as part of the Manhattan Project, ORNL was originally tasked with producing and refining plutonium for the development of atomic weapons. Since that time, it has evolved into a premier research facility conducting cutting-edge science across a wide array of disciplines. Managed by UT-Battelle for the DOE’s Office of Science, ORNL supports research in areas such as nuclear science, materials research, energy production and storage, neutron science, advanced manufacturing, environmental science, and high-performance computing. Employing more than 5,000 scientists, engineers, and support staff, ORNL is a driving force in both regional and national economic development.

DEMOGRAPHICS: Approximately 26,100 people within 3 miles of the Property with an average household income of $91,700. More than 36,800 people within 5 miles of the Property with an average household income of $97,943.

TRADE AREA: Additional businesses and retailers driving traffic to the area include Methodist Medical Center, Medical Office buildings, Walmart Supercenter, Home Depot, Kroger, Aldi, Food City, Planet Fitness, Hobby Lobby, TJ Maxx, PetSmart, CVS, Walgreens, Applebee’s, Outback Steakhouse, Red Lobster, Chick-fil-A, Panera, McDonald’s, Burger King, KFC, Taco Bell, Arby’s, Bojangles, IHOP, Sonic, Zaxby’s, Dunkin’, and Dutch Bros.