Investment Property in Clevelnad

Retail-Commercial for Sale
Catylist Listing ID: 30595249
Property Subtypes: Free-Standing Building, Other
Building Size (RSF): 1,500 SF
Gross Building Area: See Agent
Gross Land Area: 1.12 Acres
Sale Price: $299,000
Unit Price: $199.33 PSF
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/17/2020

Overview / Comments

North Lee Highway is a fast growing area in the city of Cleveland. Single family homes, condos, apartments and retail businesses are booming in this section of the city. This 1.12 acre lot is located directly off N. Lee Highway. The property has excellent visibility and N. Lee Highway provides high traffic counts.

The 1,500 SF, three bedrooms, one bath building is leased (1 yr.) and has an income of $1,500 monthly. The property includes a large storage building/barn.

Additional Details

Nearest MSA: Cleveland
County: Bradley
Tax ID/APN: 034D D 011.00 000
Retail Clientele: General, Family, Business, Traveler, Tourist
Property Located Between: Runway Drive and North Lee Hwy.
Property Visibility: Excellent
Largest Nearby Street: Norh Lee Hwy.
Feet of Frontage: 182
Traffic/Vehicle Count: 11,000
Highway Access: Quick access to I-75
Area Description: The surrounding area is a make up of apartments, single family homes and businesses.
Tenancy: Single Tenant
Total Number of Buildings: 2
Number of Stories: 1
Typical SF / Floor: 1,500 SF
Property Condition: Good
Year Built: 1967
Parking Type: Surface

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 23,389 55,672
Median Age: 40.55 37.75
Households: 9,229 21,514


Photograph of Listing Agent

Joe M Pleva

KW Commercial Greater Chattanooga REALTORS® Member
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