Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    231 Cedar Ave South Pittsburg, TN 37380

    • Retail space
    • 1,000 SF
    • 0.08 lot acres
    For Sale
    View listing
    $450,000
    Value Estimation
    Last Sale
    Sep 04, 2020
    $52,000
    Location Intelligence
    Property ID
    US80-0501624
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Alessandro's Italian Artisan Bakery / Bakery

    Property Details for 231 Cedar Ave

    Year built
    1900
    Lot size
    0.08 lot acres
    Property size
    1,000 SF
    Property type
    Retail space
    APN
    058142J C 01200
    APU
    058142JC01200

    Description

    This 1,000 square foot retail property, located at 231 S Cedar Ave in South Pittsburg, Tennessee, is a thriving bakery business for sale. The building, constructed in 1900 and extensively renovated in 2021, is situated in a high-traffic area, benefiting from its proximity to I-24 (Exit 152) and US Hwy 72. South Pittsburg's location makes it easily accessible to a large customer base, further enhanced by its hosting of the annual National Cornbread Festival, attracting over 20,000 visitors each April. The property is zoned for commercial use and includes a significant amount of equipment (list available). Currently operating as a successful bakery, this turnkey operation offers a unique opportunity for a new owner to step into an established business with a loyal customer base. Showings are available after hours to accommodate the business's operational schedule. The asking price is $450,000, representing a price per square foot of $450. This single-story building presents a compelling investment opportunity in a vibrant and growing community. The sale includes all existing equipment.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $65,000

    • CAP approach

      CAP return
      Estimation
      6%
      $95,000
      6.5%
      $85,000
      7%
      $85,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $100,000
      Geo Method
      $90,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $70,000
      Retail
      $70,000
      Mixed-Use
      $70,000
      Hospitality
      $90,000
      Educational
      $90,000
      Residential Income
      $80,000
      Energy
      $90,000
      Income-Based Land
      $80,000
      Food Service
      $70,000

    Location Insight

    • Map
    • Local Demand
    City
    South Pittsburg
    County
    Marion
    State
    Tennessee
    Longitude
    -85.7043
    Latitude
    35.0125
    CBSA code
    16860
    CBSA name
    CHATTANOOGA, TN-GA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $405
    $4,050
    $12,125
    $16,175
    -
    $16,200
    $48,500
    $64,700

    Comparable in this City

    • Value Estimation by Request
      3,056 SF

      202 2nd St

      RETAIL STORES (PERSONAL SERVICES) • 3,056 SF
      202 2nd St, South Pittsburg, TN 37380-1154
      View Details
    • Value Estimation by Request
      3,375 SF

      316 Cedar Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,375 SF
      316 Cedar Ave, South Pittsburg, TN 37380-1306
      View Details
    • Value Estimation by Request
      352 SF

      409 Elm Ave

      RETAIL STORES (PERSONAL SERVICES) • 352 SF
      409 Elm Ave, South Pittsburg, TN 37380-1339
      View Details
    • Value Estimation by Request
      1,476 SF

      761 Lakeview Dr

      RETAIL STORES (PERSONAL SERVICES) • 1,476 SF
      761 Lakeview Dr, South Pittsburg, TN 37380-7202
      View Details
    • Value Estimation by Request
      4,582 SF

      315 Elm Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,582 SF
      315 Elm Ave, South Pittsburg, TN 37380-1337
      View Details
    • Value Estimation by Request
      3,030 SF

      715 Cedar Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,030 SF
      715 Cedar Ave, South Pittsburg, TN 37380
      View Details

    Similar Nearby for Sale

    • $200,000
      2.63 Acres

      Prime South Pittsburg Commercial Land

      High-visibility vacant lot, ideal for redevelopment.
      140 Neda Dr, South Pittsburg, TN 37380
      View Details
    • $450,000
      1,000 SF

      South Pittsburg Bakery - $450K

      Turnkey Bakery, High Traffic Area, Excellent Condition
      231 Cedar Ave, South Pittsburg, TN 37380
      View Details
    • $42,000
      1.88 Acres

      Residential Land in Gated Community

      1.88 acres in Sequatchie Pointe, New Hope, Tennessee.
      Kyuga Dr, New Hope, TN 37380
      View Details
    • $750,000
      73.75 Acres

      73.75 Acres in South Pittsburg

      73.75 acres near Tennessee River, US-24, and Chattanooga.
      S Pittsburg Mountain Rd, South Pittsburg, TN 37380
      View Details
    • $127,000
      1.32 Acres

      Waterfront Land with Sunset Views

      1.32 acres of waterfront property with utilities and scenic views.
      Highway 156, South Pittsburg, TN 37380
      View Details
    • $198,000

      30 Acres Ideal Dream Home

      30-acre lot suitable for a dream home with animals.
      Hargiss Cove Rd, South Pittsburg, TN 37380
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    231 Cedar Ave
    South Pittsburg, TN 37380
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.