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Property profile & analytics
OFF-MARKET
Warehouses

230 1st SW St Cleveland, TN 37311-5911

8,222 SF 0.21 ac lot Built 1945
Individually Owned 4-yr Hold Free & Clear
Property ID
US80-1970447
Property summary
AI-generated overview

This exceptional 3,592 square foot retail space, located at 230 1st St NE in Cleveland, TN 37311, presents a unique opportunity for a single tenant. Situated on a 0.22-acre lot, this property boasts a 200+ amp power service and is zoned for multi-use development. Built in 2020 as part of the Agora mixed-use project, this space is currently vacant and offers an open shell for complete customization. The building itself is a revitalized structure, incorporating elements of a 1950s warehouse. The Agora development includes 19 loft apartments, 2 office suites, 5 retail locations, and 1 restaurant space, creating a vibrant and active community. This location benefits from its adjacency to First Street Square City Park, providing high visibility and foot traffic. The property's large footprint allows for diverse uses, and the inclusion of a large outdoor patio adds significant value and potential for outdoor dining or events. This is an ideal location for a restaurant or other retail business seeking a prominent presence in downtown Cleveland. The property features a single tenancy, offering complete control and flexibility to the occupant. The 2020 construction ensures modern amenities and efficient design. This is a rare opportunity to establish a business in a thriving, revitalized area with strong community engagement.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1945
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 8,222 SF
Lot 0.21 ac (9,344 SF)
Zoning code MU
APN 049N K 011.00 000
UPID US80-1970447
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
William Nicholas Lillios · 4 yrs held
William Nicholas Lillios
since 2021
Last sale
$275,000
1 recorded transaction
2021
$275,000
Zoning & alternative use
MU · Cleveland, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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