450 S. Chamberlain Dr.
Mixed Use | 13,864 SqFt
Marketing description
450 S. Chamberlain Ave.
Commercial Medical Office Building | Downtown Rockwood, TN
Excellent opportunity to acquire a 13,000+ square foot medical office complex located in downtown Rockwood. The property is currently configured and utilized as medical/office space, offering a flexible layout that could accommodate multiple medical or professional suites.
The building includes 20+ on-site parking spaces, providing convenient access for patients, staff, and visitors. One side of the building features a newer HVAC system, while other areas may require maintenance and updates. The property is priced accordingly, presenting a strong value-add opportunity for investors or owner-occupants.
Ideal for continued use as a medical facility, clinic, professional offices, or for reconfiguration into multi-tenant rental units, subject to buyer’s due diligence and applicable approvals.
Convenient downtown location with easy access to surrounding amenities and services.
Offered at $299,900.
Buyer to verify all information deemed reliable but not guaranteed.
Investment highlights
Property Fast Facts & Systems Overview
Building Configuration:
• Facility consists of five (5) suites
• Suites 2 and 3 are currently rented
• Suite 3 is only accessible through Suite 2 and is not independently usable at this time
Mechanical Systems:
• New boiler installed and relocated from basement to exterior
• Cooling tower installed approx. 10–15 years ago
• New hot water heater installed (additional hot water heater previously replaced)
• HVAC systems vary in age
– Mix of water-source heat pump systems and split units
– Some compressors have been replaced
– Original ductwork remains in place
Electrical:
• One (1) electrical meter services the entire building
• Main electrical panel located in basement
• Historical water backup from a floor drain caused corrosion to a portion of the main panel
• Some branch breakers may require inspection and replacement
• Electrical plans available (hard copy & electronic)
Plumbing / Utilities:
• One (1) water meter for entire building
• No natural gas currently servicing the property
• Recent sewer system work completed; believed to be resolved
• Two basement areas, one at each end of the building
• Localized areas of concrete floor excavation with exposed piping in one suite
Fire & Safety:
• Fire protection / alarm system status uncertain
• System may have been disabled or disconnected
Roof & Exterior:
• Roof shows significant age but no active leaks observed
• Parking lot is asphalt and in improved condition
Documentation:
• Electrical plans and multiple plan drawings included
• Both hard copies and electronic files available
Pricing:
• Offered at $299,900
• Price reflects current condition, system age, and required updates
• All offers will need to be approved by the Chamberlain Memorial Hospital Board as well as The City of Rockwood
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