240 Central NE Ave Cleveland, TN 37311-5323
Property profile & analytics
240 Central NE Ave, Cleveland, TN 37311-5323
- Retail space
- 8,394 SF
- 0.34 lot acres
Property ID
US80-1759546
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.
Location Intelligence
Current Use by Public Records
- Retail space
Property Details for 240 Central NE Ave
- Year built
- 1957
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.34 lot acres
- Zone code
- CBD
- Property type
- Retail space
- APN
- 049M S 002.00 000
- APU
- 049MS00200000
Description
This exceptional mixed-use property, located at 240 Central Ave NE in Cleveland, Tennessee (zip code 37311), presents a compelling investment opportunity. The 8,118 square foot building, constructed in 1957, sits on a 0.37-acre lot and boasts a diverse range of income-generating spaces. Currently configured as a fitness center, retail space, and potentially residential units (3 total units), this single-story building offers significant flexibility for future tenants and uses. The asking price is $675,000, translating to a price per square foot of $83.15. The property is zoned for commercial use and includes 15 parking spaces, a significant advantage in a bustling downtown area. This prime location in Bradley County offers easy access to local amenities and a strong potential for growth. The property's versatility and established cash flow make it an ideal investment for both seasoned and emerging investors seeking a diversified portfolio. The building's solid construction and established tenant base provide a stable foundation for future returns. This is a rare opportunity to acquire a well-positioned, multi-use property in a thriving Tennessee community. Don't miss out on this chance to own a piece of downtown Cleveland.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $450,000
- ML approach
- $530,000
-
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $625,000 Current use
- AUTO REPAIR, GARAGE
- $595,000 Change: -4% Conversion: Difficult
- WAREHOUSE, STORAGE
- $560,000 Change: -10% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Cleveland
- County
- Bradley
- State
- Tennessee
- Longitude
- -84.8722
- Latitude
- 35.1597
- CBSA code
- 17420
- CBSA name
- CLEVELAND, TN 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
2023
$1,171
$19,320
$62,040
$81,360
-
$48,300
$155,100
$203,400
