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    632 Inman St Cleveland, TN 37311

    Sponsored
    For Sale
    $625,000

    Prime Commercial Property, High Visibility

    Property size:
    2,536 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional commercial property, located at 632 Inman Street East in Cleveland, Tennessee, presents a unique investment opportunity. Priced at $625,000, this 2,536 square foot retail space sits on a 0.66-acre lot (28,749 square feet), including an adjoining lot. The property features two buildings constructed in 1977, zoned for commercial use, and boasts a five-bay garage, ample storage, and office space. The office area includes a large front room, two smaller offices, and one bathroom. One area is already plumbed for an additional bathroom. Previously used as a car lot, this property benefits from its high-visibility corner location at the gateway to downtown Cleveland, conveniently situated off APD 40 and Highway 64. The property is part of the Inman East Corridor Plan and is available April 15, 2024. The property's APN is 057d K 01200 000, 057D K 012.01. This is a rare chance to acquire a well-located, versatile commercial property with significant potential.

    Property Features for 632 Inman St

    General Information

    Property type
    Retail properties
    Square Feet
    2,536 SF
    Lot Size
    28,750 SF

    Building Details

    Year Built
    1977
    Buildings
    2
    Units
    2

    HighLights

    • 28,749 SF Lot Size
    • $246.45 Price Per Square Foot
    • Available April 15, 2024
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Bradley
    State
    Tennessee
    Longitude
    -84.8681277
    Latitude
    35.1552109

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    FAQs

    What type of property is this?
    Retail property - Prime Commercial Property, High Visibility
    Where is this retail property located?
    The property is located at 632 Inman St Cleveland, TN.
    What is the asking price?
    The asking price for this property is $625,000.
    What are key features of this property?
    This property features: 28,749 SF Lot Size; $246.45 Price Per Square Foot; Available April 15, 2024
    Request Owner's contact information
    632 Inman 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
    632 Inman St Cleveland, TN 37311
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