3 Lee Hwy Cleveland, TN 37311
- Land
- 20.19 lot acres
Current Use by Public Records
- Land
Property Details for 3 Lee Hwy
- Lot size
- 20.19 lot acres
- Property type
- Land
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Cleveland
- County
- Bradley
- State
- Tennessee
- Longitude
- -84.9297
- Latitude
- 35.0981
