Live-Work Mixed-Use
270 Central Avenue NW Cleveland, TN 37311
270 Central Avenue NW, Cleveland, TN, 37311
$375,000
For Sale
$375,000
Main-level commercial space with large windows and a flexible layout, plus a downstairs apartment with a separate entrance.
Property Size2,714 SF
Price / SF$138.17
Days on Market174
Property Features for 270 Central Avenue NW
General Information
- Standard status
- Active
- Size
- 2,714 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1938
Listing agency
(423) 595-1308
Listed by
Cleveland
(423) 595-1308
Source
Xome
Added: Jan 28 Updated: Jul 21 at 2:58AM Checked: Jul 21 at 2:58AM
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 Cleveland
Investment Insights
Based on property information with market context.
This live-work mixed-use property combines a main-level commercial space with a residential unit below. The primary level is described as spacious and functional, with large windows for natural light and a flexible layout that can support retail, office, studio, or service-oriented business use. Below the commercial area is a well-designed, efficient apartment.
The apartment has its own separate entrance, providing added privacy and convenience for an owner-occupied live/work arrangement or for renting the unit to help offset operating costs.
Located at 270 Central Avenue NW in Cleveland, TN, the property is being offered for sale and is positioned for buyers seeking an integrated workspace-and-living configuration.
The apartment has its own separate entrance, providing added privacy and convenience for an owner-occupied live/work arrangement or for renting the unit to help offset operating costs.
Located at 270 Central Avenue NW in Cleveland, TN, the property is being offered for sale and is positioned for buyers seeking an integrated workspace-and-living configuration.
Key Highlights
- Commercial property with income‑producing residential space, combining main‑level business use with a downstairs apartment
- Main‑level commercial area with large windows and a flexible layout for retail, office, studio, or service‑oriented businesses
- Downstairs apartment with a separate entrance, supporting owner‑occupied live/work or rental use
Local 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 8.01%
Second Best
Mixed Use
$392.6K
$343.5K – $458.0K
NOI $27,479 @ 7.0% cap · market cap 7.33%
Theoretical Best
Office A
$569.5K
$498.3K – $664.4K
NOI $39,863 @ 7.0% cap · market cap 10.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Live-work space
Similar For Sale Nearby
FAQs
What type of property is this?
Live-work space - Main-level commercial space with large windows and a flexible layout, plus a downstairs apartment with a separate entrance.
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 $375,000.
What are key features of this property?
This property features: Commercial property with income‑producing residential space, combining main‑level business use with a downstairs apartment; Main‑level commercial area with large windows and a flexible layout for retail, office, studio, or service‑oriented businesses; Downstairs apartment with a separate entrance, supporting owner‑occupied live/work or rental use
