230 1st SW St Cleveland, TN 37311-5911
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.
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
MU · Cleveland, TNCleveland. Always verify with local authorities before improvements.
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.