4503 Georgetown Rd Cleveland, TN 37312
- Commercial real estate
- 13,000 SF
- 1.13 lot acres
Current Use by Public Records
- Starbucks / Coffee Shop
Property Details for 4503 Georgetown Rd
- Year built
- 2023
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 1.13 lot acres
- Property size
- 13,000 SF
- Zone code
- CG
- Property type
- Commercial real estate
- APN
- 033 004.12 000
- APU
- 3300412000
Description
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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Cleveland
- County
- Bradley
- State
- Tennessee
- Longitude
- -84.8838
- Latitude
- 35.2213
- CBSA code
- 17420
- CBSA name
- CLEVELAND, TN METROPOLITAN STATISTICAL AREA
