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Renovated Warehouse Assemblage

115 Hill St SE, Cleveland, TN 37311

For Sale
$499,000

Three-parcel commercial property combines an updated warehouse, secured vehicle-storage yard, and improved development site near downtown Cleveland.

Property Size1,640 SF
Lot Size0.49 Acres
Price / SF$304.27
Days on Market57

Property Features for 115 Hill St SE

General Information

Standard status Active
Size 1,640 SF
Lot size 0.49 Acres
Property subtype Warehouse

Financials

Asking Price $499,000
Gross Income $35,100

Site & Location

Fenced Yard Yes
Outdoor Storage Yes

Warehouse & Industrial

Clear Height 12 ft
Drive-In Doors 2
Power 220 amps

Amenities

office
restroom

Building Details

Building Size 1,640 SF
Year Built 1971
Buildings 1
Listing Agency: Bridge Real Estate Group
Listed By: Laura Coleman · License TN #358137
Source: Gracefrankgroup
Added: Sep 15 Changed: Nov 9 Last Checked: Nov 8 at 12:42PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Bridge Real Estate Group

Rey
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Investment Insights

Based on property information with market context.

This three-parcel warehouse assemblage spans approximately 0.49 acres and includes a renovated 1,640-square-foot light-industrial building at 115 Hill Street SE. The building has two drive-in bays, 12-foot clear height, LED lighting, 220-amp electrical service, an office, and a restroom, with 2026 updates. A fenced, graveled vehicle-storage yard provides space for equipment or fleet storage, while the 117 Hill Street parcel has been cleared, graded, leveled, and graveled and includes a large retaining wall.

The property is near downtown Cleveland and includes two leased components that provide current income. The third parcel is positioned for future use or development subject to zoning approvals. The assemblage can support investors, contractors, trades users, and owner-users seeking a combination of operating space, storage, and additional land.

Key Highlights

  • Approximately 0.49‑acre three‑parcel warehouse assemblage near downtown Cleveland
  • Renovated 1,640 SF light‑industrial building with two drive‑in bays
  • 12' clear height, LED lighting, and 220‑amp electrical service

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Parking lots & garages

Suggested Use

Top Pick Real Estate Agency Dental Office Parking Lot & Garage Pharmacy (Bike/Boat/Book/etc) Store Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

12 ft
Clear height
2
Drive-in doors
Yes
Fenced yard

Location Intelligence

Trade Area within ½ mile

277
Businesses Nearby
Balanced
Demand for This Use

Demographics for 37311, TN

29,687
Population
12,942
Households
2.3
Avg Household Size
34
Median Age
18%
College-Educated
83%
High-School Grad
50.1 sq mi
ZIP Area
593
Density / Sq Mi
$46,827
Median Household Income
$28,839
Median Earnings
$890
Median Rent
$205,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Average Price Trend$/SF for Warehouses in Cleveland, TN

$139 Jul
$117 Aug
$164 Sep
$164 Oct

Properties on Market for Warehouses in Cleveland

Jul
Aug
Sep
Oct

Vacancy Rate% for Industrial in South region

6% 2019
6.5% 2020
4% 2021
3.5% 2022
6% 2023
7.6% 2024
7.9% 2025

Similar Off Market Nearby

  • AAA Mini Storage — 2065 Arp St, Cleveland, TN 37311
  • Storage Park — 233 2nd St NE, Cleveland, TN 37311
  • The Storage Advantage — 233 2nd St NE, Cleveland, TN 37311
  • 24 Hour Self Storage - Central — 301 Central Ave NE, Cleveland, TN 37311

Frequently Asked Questions

What type of property is this?
Warehouse - Three-parcel commercial property combines an updated warehouse, secured vehicle-storage yard, and improved development site near downtown Cleveland.
Where is this warehouse located?
The property is located at 115 Hill St SE Cleveland, TN.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Approximately 0.49‑acre three‑parcel warehouse assemblage near downtown Cleveland; Renovated 1,640 SF light‑industrial building with two drive‑in bays; 12' clear height, LED lighting, and 220‑amp electrical service
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