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    1420 Fritz St Cleveland, TN 37323

    For Sale
    $1,500,000

    100% Occupied, 4,785 SF Medical Office

    Property size:
    4,785 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 4,785 square foot Class B medical office building, located at 1420 Fritz St SE in Cleveland, Tennessee, is offered for sale at $1,500,000. Built in 2004, this two-story building sits on a 0.37-acre lot and is zoned for Highway Commercial use (APN: 065E F 016.04). Currently 100% occupied with a tenant willing to vacate upon sale, this property presents a unique opportunity for owner-occupancy. The building boasts up to twelve exam rooms, a lab, break room, X-ray room, a large nurses' station, a substantial records area, a spacious waiting area, and five bathrooms. Additional provider office space is available upstairs. A 3D virtual tour is available for a comprehensive view of the property. An additional adjacent lot may also be available for purchase. This is a fantastic opportunity to own, rather than rent, a well-established medical office building in a thriving Tennessee market.

    Property Features for 1420 Fritz St

    General Information

    Property type
    Medical offices
    Square Feet
    4,785 SF
    Class
    B
    Lot Size
    16,117 SF

    Building Details

    Year Built
    2004
    Buildings
    1
    Stories
    2
    Units
    1

    HighLights

    • $1,500,000 asking price for this medical office building.
    • 4,785 square foot, Class B medical office building.
    • 100% occupancy with a multi‑tenant lease (modified).
    • Located on a 0.37‑acre lot in Cleveland, TN (APN: 065E F 016.04).
    • Two‑story building constructed in 2004, situated in a Highway Commercial zoning district.
    • For sale by owner; current tenant willing to vacate.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dana Sweitzer, AGACNP-BC Internist Ocoee Regional Health ... Nursing Agency Ocoee Regional Health ... Doctor Harrison Sims, MD Family Practice Physician Dr. Aleksander I. ... Doctor

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office 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
    -84.87750929664
    Latitude
    35.130314105023

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    FAQs

    What type of property is this?
    Medical office - 100% Occupied, 4,785 SF Medical Office
    Where is this medical office located?
    The property is located at 1420 Fritz St Cleveland, TN.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: $1,500,000 asking price for this medical office building.; 4,785 square foot, Class B medical office building.; 100% occupancy with a multi-tenant lease (modified).
    Request Owner's contact information
    1420 Fritz St Cleveland, TN 37323
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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
    1420 Fritz St Cleveland, TN 37323
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