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    240 Central Ave NE Cleveland, TN 37311

    For Lease
    $2,279 /Mo ($14 SF/Yr)

    COMMERCIAL - Cleveland, TN

    Type:Retail
    Property size:
    1,954 SF
    Days on Market:
    26
    Last Refresh:
    Dec 12 at 7:06 am

    Property Features for 240 Central Ave NE

    General Information

    Special listing conditions
    Standard
    Property type
    Commercial Lease
    Property subtype
    Retail
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    Commercial
    APN
    049m S 00200 000
    Parking features
    Parking Lot
    Interior features
    Open Floorplan, High Ceilings
    Exterior features
    Permeable Paving
    Appliances
    Refrigerator
    Size
    1,954 SF

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1957
    Flooring type
    Vinyl
    Building materials
    Stucco
    Roof type
    Flat

    Coldwell Banker Hamilton & Associates (423) 476-5532 [email protected]

    Listing agent Kathy Rohsenberger (423) 504-4773 License #285071

    Listing date Nov 17, 2025

    Copyright © 2025 River Counties Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Renovated Retail Space Near University

    This commercial space, totaling 1954 square feet, is located in Cleveland, Tennessee. The property has undergone a complete renovation and features an open plan layout. Interior amenities include new floors, a half bath, a break area, and a back office. The building is situated directly across from Lee University's new Engineering Building, which is currently under construction. The property is zoned for commercial use and is available for lease on a NNN basis.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Bradley
    State
    Tennessee
    Longitude
    -84.872085
    Latitude
    35.159758

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    FAQs

    What type of property is this?
    Retail space - Recently renovated commercial space near Lee University available for lease.
    Where is this retail space located?
    The property is located at 240 Central Ave NE Cleveland, TN.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: - Total renovation; - Directly across from Lee University's new Engineering Building; - Open floor plan
    (423) 504-4773
    Request Owner's contact information
    240 Central Ave NE Cleveland, TN 37311
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    Cleveland, TN 37311
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    240 Central Ave NE Cleveland, TN 37311
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