School Building / 2+/- Additional Acres for Development

Special Purpose for Sale
Catylist Listing ID: 30720231
Property Subtypes: School/University
Building Size (RSF): 8,662 SF
Gross Building Area: See Agent
Sale Price: $975,000
Property Use Type: Investment, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/1/2021

Overview / Comments

ATTENTION INVESTORS.....this property is centrally located in Cleveland. Close to Tennova Hospital, Lee University, APD 40, and various shops and restaurants. There is a Planned Unit Development (PUD) with the City of Cleveland and zoned PUD 19 for this property allowing for multiple development possibilities. Could be an ideal location for a school, day care facility, church, office professional or medical or any other permitted uses defined in PUD 19. There is approximately 2 acres behind the school, that can be developed for residential use under R2 Low Density Single and Multi-family Residential Zoning. Seller has a proposed site plan for up to 31 townhomes on this property.

Additional Details

Nearest MSA: Cleveland
County: Bradley
Tax ID/APN: 042P J 005.00 000
Property Visibility: Excellent
Largest Nearby Street: Ocoee Street
Site Description: Educational Building and parking with 2+/- acres available for development
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 8,662 SF
Year Built: 1942
Roof Type: Flat
Construction/Siding: Block, Brick
Parking Type: Surface
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable
Part of Planned Development?: Yes
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,946 37,442 67,962
Median Age: 42.25 35.63 37.09
Households: 3,012 14,792 26,116

Contact

Photograph of Listing Agent

Blake Pierce

K W Cleveland Greater Chattanooga REALTORS® Member
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