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    320 3Rd St Cleveland, TN 37311

    For Sale
    $75,000

    25 Spaces, 0.14 Acres, $75,000

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 0.14-acre commercial lot in Cleveland, Tennessee, presents a unique investment opportunity. Currently configured as a 25-space surface gravel parking lot, the property is zoned for commercial use (APN: 049N N 010.00 000) and boasts a highly desirable location at 320 3rd St SW, 37311. Its strategic position offers excellent visibility and accessibility, situated adjacent to a new medical equipment supply business and month-to-month storage units, and directly across from a thriving used car lot. The property's history includes previous use as two residential units, and more recently, it has served as valuable parking support for area car dealerships. The lot is being sold "as is," reflecting its current condition. The seller is offering flexibility, allowing for the sale of the entire 0.14-acre parcel or individual portions, provided all closings occur on the same date. This presents a rare chance to acquire a well-situated, income-generating asset in a growing commercial area. The property has been under family ownership since the 1930s, ensuring a stable and consistent history. This is a remarkable opportunity for investors seeking a versatile commercial property with significant potential. The property is classified as Class B and features single tenancy.

    Property Features for 320 3Rd St

    General Information

    Property type
    Automotive properties
    Class
    B
    Lot Size
    6,098 SF

    HighLights

    • $75,000 asking price for a 0.14‑acre land parcel.
    • Designated as Commercial land, Class B, with single tenancy.
    • Features 25 parking spaces and is zoned for commercial use.
    • Located at 320 3rd St SW, Cleveland, TN 37311 (APN: 049N N 010.00 000).
    Property Profile Location Intelligence

    Current Use by Public Records

    Parking lots & garages

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Bradley
    State
    Tennessee
    Longitude
    -84.8795695
    Latitude
    35.1588167

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    FAQs

    What type of property is this?
    Automotive property - 25 Spaces, 0.14 Acres, $75,000
    Where is this automotive property located?
    The property is located at 320 3Rd St Cleveland, TN.
    What is the asking price?
    The asking price for this property is $75,000.
    What are key features of this property?
    This property features: $75,000 asking price for a 0.14-acre land parcel.; Designated as Commercial land, Class B, with single tenancy.; Features 25 parking spaces and is zoned for commercial use.
    Request Owner's contact information
    320 3Rd St 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
    320 3Rd St Cleveland, TN 37311
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