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Property profile & analytics
FOR SALE
Auto shops

632 Inman St E Cleveland, TN 37311

2,520 SF 0.66 ac lot Built 1977
Individually Owned 2-yr Hold Free & Clear
Property ID
US80-1738362
Property summary
AI-generated overview

This exceptional mixed-use property presents a unique investment opportunity in Cleveland, TN's vibrant downtown area. Strategically positioned at the gateway to the city, just off APD 40 and Highway 64, this property boasts high visibility and accessibility. The main building offers 2,536 square feet of versatile space, previously utilized as a car lot. Key features include a five-bay garage, substantial storage areas, and an office section comprising a large reception area, two smaller offices, and a bathroom. One area is already plumbed for an additional bathroom. The property sits on a combined 0.92-acre lot, encompassing two parcels. The inclusion of an adjoining vacant lot significantly enhances the development potential. This property is situated within the Inman East Corridor Plan, suggesting future growth and development opportunities. The combined acreage and existing building provide a solid foundation for a variety of commercial uses, from automotive-related businesses to retail or light industrial operations. The property's location and size make it an attractive proposition for investors seeking a well-positioned asset in a growing Tennessee city. Parcel numbers include 057D K 012.01.

Property profile
Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1977
Total area 2,520 SF
Lot 0.66 ac (28,562 SF)
Zoning code CH
APN 057D K 012.00 000
UPID US80-1738362
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
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Owner & transaction history
William C Whaley · 2 yrs held
William C Whaley
since 2024
Last sale
$83,000
2 recorded transactions
2024
$230,000
1996
$83,000
Zoning & alternative use
CH · Cleveland, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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