Oak Ridge Office Investment

575 Oak Ridge Turnpike Oak Ridge, TN 37830

575 Oak Ridge Turnpike, Oak Ridge, TN, 37830
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FOR SALE
Property Type:
Multi Tenant Office
Amount:
$6,990,000
Last Verified:
Apr 27, 2026

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Highlights

  • 100% leased, multi-tenant office building with immediate in-place cash flow
  • Diversified tenant mix of professional and service-oriented users
  • Stable occupancy history with reduced rollover risk
  • Located on Oak Ridge Turnpike, the city’s main commercial corridor
  • Strong visibility and easy access to major thoroughfares and surrounding areas
  • Close proximity to major employers, including Oak Ridge National Laboratory and other Department of Energy facilities
  • Surrounded by retail, dining, and service amenities that support tenant retention
  • Established office/medical corridor with consistent demand drivers
  • Minimal near-term capital needs for a new owner
  • Straightforward, income-producing investment in a stable and growing submarket

Description

Victory Centre is a fully leased, multi-tenant office building located at 575 Oak Ridge Turnpike in the center of Oak Ridge, Tennessee. With 100% occupancy, the property offers immediate, steady cash flow from a mix of professional and service-oriented tenants, helping reduce vacancy risk and keep things running smoothly.

The building sits along Oak Ridge’s main commercial corridor, giving it great visibility and easy access to surrounding retail, restaurants, and everyday services. It’s also close to major employers in the area, including Oak Ridge National Laboratory and other Department of Energy-related facilities, which helps support ongoing demand for office space.

For an investor, this is a straightforward, income-producing asset with tenants already in place and no heavy lift required. Victory Centre offers a solid, stable return in a well-established and reliable market.

The Victory Centre is strategically positioned along Oak Ridge’s primary commercial corridor, offering strong visibility and convenient access throughout the region. It sits on Oak Ridge Turnpike between Fairbanks Road and Dresden Road, providing direct connectivity to major routes including Interstates 40 and 75 and easy access to nearby Oak Ridge and the greater Knoxville area.


Year Built: 2003
Building Size: 37978sq ft
Building Class: A
Lot Size: 1.84 acres

Map of 575 Oak Ridge Turnpike, Oak Ridge, TN, 37830

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.