Property profile

1784 Benton NE Pike Cleveland, TN 37323

OFF-MARKET
Auto shops
Property ID
US80-1849436
3,000 SF 1.54 ac lot Built 1997
Individually Owned 34-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 2,400 square foot industrial property, situated on a generous 1.54-acre lot in Cleveland, Tennessee, presents a compelling investment opportunity. The building features four large garage doors, uniquely configured with two drive-through bays allowing for convenient vehicle access and maneuverability. Inside, the space is well-organized and functional, including two private offices, a dedicated conference area equipped with a small break room, and a full bathroom. The property also boasts an existing fueling canopy, offering potential for redevelopment as a truck fueling station, subject to necessary permits and approvals. This versatile space is ideal for a variety of industrial uses, from vehicle repair and storage to light manufacturing or distribution. The property's size and layout provide ample room for expansion or customization to meet specific business needs. A comprehensive 3D Matterport virtual tour is available for prospective buyers to explore the property in detail, providing a thorough and convenient preview before an in-person visit. The asking price for this prime industrial property is $399,000. This represents a significant opportunity to acquire a well-maintained and strategically located industrial building with substantial potential for growth and return on investment.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1997
Construction FRAME
Total area 3,000 SF
Lot 1.54 ac (67,082 SF)
Zoning code R1
APN 050N B 004.01 000
UPID US80-1849436

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Trucking Company
  • Wedding Service Event Planning
  • Auto Repair Shop

Location

1784 Benton NE Pike Cleveland, TN 37323-5838
Cleveland metro Census 10300 CLEVELAND, TN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$365k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$385k

Owner & transaction history

since 1992
Last sale
$385,000
5 recorded transactions
1992
$37,000
1992
$37,000
1989
$34,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

R1 · Cleveland, TN
Zoning description

given conditional use in the R -1 district. (as amended by Ord. #14, March 2001, and Ord. #2007-34, Sept. 2007). 2.3 R-1 DISTRICT (Single-Family Residential). 2.3.1 Uses allowed. The R -1, Single -Family Residential, Dis…

General category RESIDENTIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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