320 3Rd St Cleveland, TN 37311
- Specialty properties
- 0.14 lot acres
Current Use by Public Records
- Specialty properties
Property Details for 320 3Rd St
- Lot size
- 0.14 lot acres
- Property type
- Specialty properties
- Property subtype
- Land
Description
This exceptional 0.14-acre commercial lot in Cleveland, Tennessee, presents a unique investment opportunity. Currently configured as a 25-space surface gravel parking lot, the property is zoned for commercial use (APN: 049N N 010.00 000) and boasts a highly desirable location at 320 3rd St SW, 37311. Its strategic position offers excellent visibility and accessibility, situated adjacent to a new medical equipment supply business and month-to-month storage units, and directly across from a thriving used car lot. The property's history includes previous use as two residential units, and more recently, it has served as valuable parking support for area car dealerships. The lot is being sold "as is," reflecting its current condition. The seller is offering flexibility, allowing for the sale of the entire 0.14-acre parcel or individual portions, provided all closings occur on the same date. This presents a rare chance to acquire a well-situated, income-generating asset in a growing commercial area. The property has been under family ownership since the 1930s, ensuring a stable and consistent history. This is a remarkable opportunity for investors seeking a versatile commercial property with significant potential. The property is classified as Class B and features single tenancy.
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
- -84.8796
- Latitude
- 35.1588
