1420 Fritz St SE Cleveland, TN 37323
For Sale
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This exceptional 4,785 square foot medical office building presents a unique investment opportunity in the thriving Cleveland, TN market. Located at 1420 Fritz Street SE, the property sits on a 0.37-acre lot and offers a versatile layout ideal for a variety of medical practices. The main level boasts up to twelve exam rooms, a dedicated lab, a break room, an X-ray room, a spacious nurses' station, a substantial records area, a large waiting area, and five bathrooms. The building's functionality is further enhanced by additional provider office space located on the upper level, providing ample room for expansion or accommodating multiple practitioners. A comprehensive virtual tour is available for a thorough exploration of the property's features. The significant advantage of ownership, as opposed to leasing, offers long-term cost savings and control. This turnkey medical facility is ready for immediate occupancy. The potential for expansion is further enhanced by the possibility of acquiring an additional adjacent lot, subject to separate negotiation. This presents a rare opportunity to secure a well-established and highly functional medical office building in a desirable location. The asking price is $1,295,000.
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Dana Sweitzer, AGACNP-BC Physician
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Ocoee Regional Health Center: Heinl Richard W Employment Agency
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Ocoee Regional Health Center Physician
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Harrison Sims, MD Pediatrician Physician
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Dr. Aleksander I. Malakhov, MD Physician
CH zone. E. Car wash. F. Oil change facilities. (As amended by Ord. #11, March 2001, Ord. #20, March 2002, and Ord. #23, Sept. 2002) G. Animal Kennel and Boarding (as amended by Ord. #25, Aug. 2020) H. Nightclubs (as amended by Ord. 2022-29, August 2022) 2.12 CBD District (Central Business District) (as amended by Ord. 2021- 13, May 2021) Intent, Goals, and…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
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
CH · Cleveland, TNCH zone. E. Car wash. F. Oil change facilities. (As amended by Ord. #11, March 2001, Ord. #20, March 2002, and Ord. #23, Sept. 2002) G. Animal Kennel and Boarding (as amended by Ord. #25, Aug. 2020) H. Nightclubs (as amended by Ord. 2022-29, August 2022) 2.12 CBD District (Central Business District) (as amended by Ord. 2021- 13, May 2021) Intent, Goals, and Definitions 1. It is the intent of the Central Business District to promote traditional urban APP-C-44 development with multi-story buildings built close to the sidewalk and a mix of uses within each site and within individual buildings. For instan ce, residences can be integrated with non- residential development in the form of condos, townhouses, or loft apartments. Such urban places are intended to provide a concentration of goods and services that attract commerce -all within a walkable environment. 2. The Central Business District is also intended to promote higher density development that supports transit and multimodal transportation including automobile, bicycle, and pedestrian traffic. The intent is to reduce the need for parking as these urban areas are generally serviced by a well -connected street grid and transit system. Pedestrian and bicycle facilities also play an important role in reducing parking needs by reducing the number of vehicular trips. Parking reductions may also be used in conjunction with all shared parking options to further reduce the number of spaces required. 3. For the purposes of Central Business District, it is intended that use of existing buildings be considered “redevelopment” and if a conflict occurs with standards for height, setback, and building footprint square footage, proposed developments shall be considered legal, non -conforming when proposed
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.
