Property summary
This exceptional 6.2-acre commercial property in Cleveland, Tennessee, presents a unique redevelopment opportunity. Currently vacant, this Class B property boasts a 3,000 square foot building constructed in 2017, previously used as a used car lot. The site is zoned for commercial use and offers significant flexibility for various development projects. The property's strategic location on S Lee HWY provides over 600 feet of highway frontage, ensuring high visibility and accessibility. The lot is conveniently divided, with 3.64 acres situated on one side of the road and 2.36 acres on the other, allowing for potential subdivision and tailored development plans. The seller is open to considering all offers and is willing to divide the property to accommodate specific buyer needs. Furthermore, the owner is open to exploring leasing options. This presents a compelling investment opportunity for developers seeking a prime location in a growing market. The property's size, zoning, and highway frontage make it ideal for a wide range of commercial or multi-use developments. The asking price is $4,500,000, and a 1031 exchange is possible. This is a rare chance to acquire a significant parcel of land with substantial development potential in a desirable Tennessee location.
Property profile
VerifiedCap rate & NOI
Current use
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Car Dealership
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Housing Development
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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Cap rate
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Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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