20-Unit Apartment
New
For Sale
Contact for pricing
1301 S LEE HWY, Cleveland, TN 37311
Renovated interiors, updated HVAC systems, and supplemental flex space support an established rental operation.
Property SizeContact for details
Days on Market6
Property Features for 1301 S LEE HWY
General Information
Standard status
Active
Property subtype
Multifamily, Industrial
Listing Agency:
KW Commercial
Listed By:
Simeon Hinchman · License #TN 375181
(423) 664-1900
Source:
Crexi
Added: Sep 14
Changed: Sep 18
Last Checked: Sep 18 at 8:08AM
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 KW Commercial
Investment Insights
Based on property information with market context.
Cedar Lane Apartments is a 20-unit apartment property at 1301 S Lee Hwy in Cleveland, Tennessee. The residential configuration includes 18 one-bedroom, one-bath units and 2 two-bedroom, one-bath units. Interior improvements have been completed in many apartments, while HVAC service includes a combination of mini-split and PTAC systems. An office with its own bathroom and a sizable storage area add functional space beyond the residential units, with potential for on-site laundry, separate leasing, or another repositioning plan.
The property is positioned along South Lee Highway, south of downtown Cleveland, within a corridor characterized by light industrial, service, and residential activity. Its setting is near Lee University and Cleveland State Community College. Cleveland and Bradley County are part of the Chattanooga-Cleveland-Dalton combined statistical area, and the county's employment base includes manufacturing operations. A stabilized tenant base is already in place, with additional flex space available for future use planning.
The property is positioned along South Lee Highway, south of downtown Cleveland, within a corridor characterized by light industrial, service, and residential activity. Its setting is near Lee University and Cleveland State Community College. Cleveland and Bradley County are part of the Chattanooga-Cleveland-Dalton combined statistical area, and the county's employment base includes manufacturing operations. A stabilized tenant base is already in place, with additional flex space available for future use planning.
Key Highlights
- 20‑unit apartment property with 18 one‑bedroom units and 2 two‑bedroom units
- Many apartments feature completed interior renovations
- HVAC updated with a mix of mini‑split and PTAC systems
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
330
Businesses Nearby
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Business Placement
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
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Renovated interiors, updated HVAC systems, and supplemental flex space support an established rental operation.
Where is this apartment building located?
The property is located at 1301 S LEE HWY Cleveland, TN.
What is the asking price?
The asking price for this property is $3,300,000.
What are key features of this property?
This property features: 20‑unit apartment property with 18 one‑bedroom units and 2 two‑bedroom units; Many apartments feature completed interior renovations; HVAC updated with a mix of mini‑split and PTAC systems
