2500 Executive Park Drive NW Cleveland, TN 37312

Office for Sale
Sale Pending/Contingent
Catylist Listing ID: 30651620
Property Subtypes: Office Building
Status: Pending/Contingent
Building Size (RSF): 4,324 SF
Gross Land Area: 0.30 Acres
Sale Price: $399,000
Unit Price: $92.28 PSF
Property Use Type: Investment, Vacant/Owner-User, Business
Building Name: 2500 Executive Park Drive
Class of Space: Class B
Usable Size (USF): 4,324 SF
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: 8.5%
Last Updated: 3/25/2021

Overview / Comments

LOCATION LOCATION LOCATION! Right off I-75 in Cleveland. This beautiful office building is available. OWNER FINANCING AVAILABLE! This building has 5 suites all with separate meters. Use what you need and rent the rest. Investors! This is a potential cashflow machine. Currently only 1 suite is rented however, we are in the process of leasing. Pro Forma rates are based on previous rate the owner has obtained renting the units in the past.

Additional Details

Nearest MSA: Cleveland
County: Bradley
Tax ID/APN: 041C E 001.09 000
Zoning: C
Property Visibility: Good
Highway Access: Georgetown RD NW to Hwy 75
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 2,100 SF
Year Built: 1986
Year Renovated: 2001
Roof Type: Arched
Construction/Siding: Brick
Exterior Description: Brick exterior
Parking Type: Surface
Parking Description: 19 spaces located along the front and sides of the building.
Total Parking Spaces: 19
Sprinklers: Wet
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Owner

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,024 37,385 60,591
Median Age: 47.25 37.71 37.21
Households: 853 14,772 23,419


Photograph of Listing Agent

Shane Wilson

Shane Wilson Real Estate, LLC Greater Chattanooga REALTORS® Member
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