3900 Old Tasso Rd Cleveland, TN 37312
This unique 0.47-acre property in Cleveland, Tennessee, offers a compelling investment opportunity. Priced at $310,000, it features a three-bedroom, one-bathroom ranch-style home with original hardwood floors, a spacious kitchen with appliances, and a separate dining room. A full basement provides ample storage. The property also includes a substantial workshop, previously used by an HVAC contractor, boasting a 200-amp service, dedicated welding circuit, individually wired receptacles, a soundproof office with a mini-split HVAC system, and two additional commercial-grade mini-splits for climate control. The entire building is insulated with spray foam, resulting in low utility costs. Separate electric meters for the house and workshop ensure efficient utility management. High-speed internet access is available. The property offers extensive parking and room for potential expansion, such as adding a storage building. The existing house could serve as additional office space or a rental property, generating supplemental income. A large, income-producing billboard on the property is included, with a remaining 30-year lease. This versatile property presents a rare combination of residential and commercial potential, ideal for a business owner seeking a unique location.
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Moseley Heat and Air HVAC Service General Contractor
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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.