3 Lee Hwy Cleveland, TN 37311
This exceptional 20.19-acre residential land parcel presents a compelling investment opportunity in the thriving North Cleveland area of Bradley County, Tennessee. Located on North Lee Highway at Lot 3, this property is priced at $50,000 per acre, totaling $1,009,500. Currently zoned for farming (FAR), the property offers significant potential for development. City officials have indicated the possibility of annexation into the city, which would allow for access to city sewer services and potentially permit Planned Unit Development (PUD) zoning. This strategic location across the street from the prestigious Anatole subdivision suggests strong market demand and high growth potential. An adjacent 21.66-acre parcel is also available for purchase, presenting the possibility of acquiring over 40 acres for a larger-scale development project. The property's address is Lot 3 North Lee Highway, Cleveland, TN 37311. This is a rare opportunity to acquire a substantial land holding in a rapidly developing area with excellent potential for residential development. The combination of size, location, and potential for annexation makes this a highly attractive investment.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.