476 1st NW

    Cleveland, TN 37311
    • $567,000
    • STATUS: Active
    • ON SITE: 181 days
    • MLS #: 20192954
    UPDATED: 35 min ago
    $567,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 11,762
      SQFT
    • $48
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1961
    County:

    School Ratings & Info

    Description

    Front and Center at the gateway to downtown Cleveland "The Professional Building is not easily missed. This 11,762 sq ft building is zoned for mixed usage, partially furnished, and ready for anything. A rare turnkey opportunity to own a piece of the historic downtown for only $61 sq ft. Formerly used for ministry purposes, building could easily generate a double digit cap-rate with 22 divided sections rented commercially. Ready to move into with new kitchen, HVAC, tile, and paint throughout. Attic could easily be finished for an additional 5,000 sqft of storage. Building will be vacant in May. Contents will be sold in June. If not sold owner/agent will begin leasing in July.

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    © 2019 River Counties Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Mark Hite Team. Data last updated: 2019-11-21T14:47:32.987.
    www.markhitehomes.com/homes/95126347

    476 1st NW Cleveland, TN 37311

    • Price: $567,000
    • Status: Active
    • Updated: 35 min ago
    • MLS #: 20192954
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    11,762
    SQFT
    $48
    $/SQFT
    1961
    Built
    Neighborhood:
    Cleveland N W
    County:
    Bradley
    Area:
    Cleveland N W
    Property Description
    Front and Center at the gateway to downtown Cleveland "The Professional Building is not easily missed. This 11,762 sq ft building is zoned for mixed usage, partially furnished, and ready for anything. A rare turnkey opportunity to own a piece of the historic downtown for only $61 sq ft. Formerly used for ministry purposes, building could easily generate a double digit cap-rate with 22 divided sections rented commercially. Ready to move into with new kitchen, HVAC, tile, and paint throughout. Attic could easily be finished for an additional 5,000 sqft of storage. Building will be vacant in May. Contents will be sold in June. If not sold owner/agent will begin leasing in July.
    Exterior Features

    Approx Lot Size 9148 Cooling Type Central Cooling Estimated Road Frontage 85 Heating Type CentralGas Industrial Type Office Showroom Location Type Free StandingCity Material Type BlockBrickWood Misc Features FixturesFurniturePaneling Office Office BuildingMedical Office Parking Asphalt/Blacktop0-15 Spaces Road Frontage City Street Sewer Public Sewer System Structure Condition Excellent Water Source Public Water

    Interior Features

    Floor Types Ceramic TilePartial Carpet Sq Ft Range 10000-19999 Water Heater Gas Hot Water

    Property Features

    Approx Lot Dimensions 85X120 Est Gross Annual Receipt 756 Estimated Age Range 51+ Years Information On File Floor Plans Lender Approved Short Sale No Owner Finance Available No Possession At Closing30 Days Or Less Retail Type Street Retail Source Tax Record Special Purpose Religious Structure Third Party Approval Req No Type Office/Professional Type Of Sale Owner Zoning Multi-Use

    Listing provided courtesy of Mike Jones of Award Realty II.


    © 2019 River Counties Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Mark Hite Team. Data last updated: 2019-11-21T14:47:32.987.
     
    The Mark Hite Team
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    Chattanooga TN, 37408