Live-Work and Retail
270 Central Avenue NW Cleveland, TN 37311
For Sale
$350,000
COMMERCIAL - Cleveland, TN
Property Size2,714 SF
Lot Size0.12 Acres
Price / SF$128.96
Days on Market164
Property Features for 270 Central Avenue NW
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Interior features
Storage
Exterior features
Rain Gutters
Appliances
Washer, Dryer, Electric Range, Refrigerator
Standard status
Active
APN
049m R 011.00
Size
2,714 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Annual Amount
2663
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1938
Flooring type
Vinyl, Carpet
Building materials
Vinyl Siding
Roof type
Shingle
Additional Structures
Storage
Listing Agency:
Crye-Leike REALTORS - Cleveland
(423) 473-9545
Listed By:
Cindy Chase · License #282144
(423) 595-1308
Added: Feb 16
Changed: Jul 14
Last Checked: Jul 30 at 1:06AM
MLS# 20260765
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
This commercial live-work property at 270 Central Avenue NW in Cleveland, TN combines workspace and residential use. The main level is designed for flexible commercial purposes, featuring large windows and a functional layout suited to retail, office, studio, or service-oriented business use. Below, there is an efficient unit/apartment with a separate entrance to support privacy and convenience.
The lower unit has been leased out for commercial and residential use. Zoning is listed as Commercial, and the property size is 2,714 square feet on a 0.12-acre lot.
The lower unit has been leased out for commercial and residential use. Zoning is listed as Commercial, and the property size is 2,714 square feet on a 0.12-acre lot.
Key Highlights
- Commercial with professional/residential space plus an apartment unit below the commercial area
- Separate entrance for the apartment unit, supporting privacy for owner‑occupied live/work or rental use
- Apartment unit is leased (commercial and residential leasing referenced in remarks)
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $48.9k | $18.00 |
| − Vacancy | −$8.8k | −$3.24 |
| EGI | $40.1k | $14.76 |
| − OpEx | −$10.0k | −$3.69 |
| NOI | $30.0k | $11.07 |
2,714 SF · lease $18.00/SF/yr · vacancy 18.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$429.2K
$375.6K – $500.7K
NOI $30,044 @ 7.0% cap · market cap 8.58%
Second Best
Mixed Use
$392.6K
$343.5K – $458.0K
NOI $27,479 @ 7.0% cap · market cap 7.85%
Theoretical Best
Office A
$569.5K
$498.3K – $664.4K
NOI $39,863 @ 7.0% cap · market cap 11.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Live-work space - Main-level commercial space with large windows plus a lower unit with separate entrance, leased commercial and residential.
Where is this live-work space located?
The property is located at 270 Central Avenue NW Cleveland, TN.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Commercial with professional/residential space plus an apartment unit below the commercial area; Separate entrance for the apartment unit, supporting privacy for owner‑occupied live/work or rental use; Apartment unit is leased (commercial and residential leasing referenced in remarks)
