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    4503 Georgetown Rd Cleveland, TN 37312

    For Sale
    $1,750,000

    2.74 Acres, High-Traffic Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 2.74-acre commercial land parcel presents a prime investment opportunity in Cleveland, Tennessee. Located adjacent to a brand-new Food City supermarket, slated to open in late Summer 2024, this outparcel benefits from an ideal location within a rapidly developing area. A new traffic signal, currently in design, is approved for the main intersection, ensuring excellent visibility and accessibility. The road servicing the property will become public upon completion of the roadwork. Stormwater detention is managed by a regional basin, with the developer responsible for stormwater quality. The Food City development, situated between Candies Creek Elementary School and a Dollar General, is nearing completion, with an opening date of July 1, 2024. The ongoing four-laning of Georgetown Road, expected to be finished by August 2024, is projected to generate over 30,000 vehicles per day, creating substantial traffic volume for this location. This high-traffic area makes this property exceptionally well-suited for a variety of commercial uses, including quick-service restaurants (QSRs), car washes, or other retail establishments. A detailed survey is available upon request. The asking price for this exceptional property is $1,750,000.

    Property Features for 4503 Georgetown Rd

    General Information

    Property type
    Land
    Lot Size
    119,354 SF

    HighLights

    • $1,750,000 asking price for 2.74 acres of commercial land.
    • New outparcel adjacent to a new Food City, opening late Summer 2024.
    • Approved traffic signal at the main intersection; road servicing the outparcel will be public upon completion.
    • Regional basin handles stormwater detention; developer responsible for stormwater quality.
    • Food City's new store (opening July 1, 2024) is between Candies Creek Elementary and Dollar General.
    • Georgetown Road widening to four lanes (complete by August 2024), projected traffic over 30,000 vehicles per day. Ideal for QSRs, car washes, or other retail uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Starbucks Coffee Shop

    Suggested Use

    Building Supply Auto Repair Shop Wholesale Shop HVAC Service Storage Facility Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Bradley
    State
    Tennessee
    Longitude
    -84.883126491706
    Latitude
    35.222517241152

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    FAQs

    What type of property is this?
    Land - 2.74 Acres, High-Traffic Location
    Where is this land located?
    The property is located at 4503 Georgetown Rd Cleveland, TN.
    What is the asking price?
    The asking price for this property is $1,750,000.
    What are key features of this property?
    This property features: $1,750,000 asking price for 2.74 acres of commercial land.; New outparcel adjacent to a new Food City, opening late Summer 2024.; Approved traffic signal at the main intersection; road servicing the outparcel will be public upon completion.
    (678) 787-5019
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    4503 Georgetown Rd Cleveland, TN 37312
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    Cleveland, TN 37312
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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
    4503 Georgetown Rd Cleveland, TN 37312
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