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    476 1ST ST NW

    Cleveland, TN 37311
    • $645,000
    • STATUS: Active
    • ON SITE: 35 days
    • MLS #: 20207360
    UPDATED: 83 min ago
    $645,000
    • 0
      BEDS
    • 0.21
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4000+
      SQFT
    • $55
      $/SQFT
    Neighborhood:
    Type:
    Business Opportunity
    Built:
    1961
    County:
    Area:

    School Ratings & Info

    Description

    Front and Center at the gateway to downtown Cleveland "The Professional Building" is not easily missed. This 11,762 sq ft building is zoned for mixed usage, partially furnished, and ready for anything. A rare turnkey opportunity to own a piece of the historic downtown at less than $55 a sqft. Formerly used for ministry purposes, building could easily generate a double digit cap-rate with 20+ divided sections rented commercially. Could easliy be converted into a quad plex with 4 addresses, 4 kitchens and an equally divided floor plan. Ready to move into with new kitchen, HVAC, tile, and paint throughout. Attic could easily be finished for an additional 5,000 sqft of storage. Digital blueprints and 3D walk-through available.

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    © 2020 River Counties Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Jooma Team | Keller Williams Greater Downtown Realty. Data last updated: 2020-10-24T13:47:29.893.
    www.kellyjoomateam.com/homes/110168777
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    476 1ST ST NW Cleveland, TN 37311

    • Price: $645,000
    • Status: Active
    • Updated: 83 min ago
    • MLS #: 20207360
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.21
    Acres
    4000+
    SQFT
    $55
    $/SQFT
    1961
    Built
    Neighborhood:
    City Of Cleveland
    County:
    Bradley
    Area:
    Cleveland NW
    Property Description
    Front and Center at the gateway to downtown Cleveland "The Professional Building" is not easily missed. This 11,762 sq ft building is zoned for mixed usage, partially furnished, and ready for anything. A rare turnkey opportunity to own a piece of the historic downtown at less than $55 a sqft. Formerly used for ministry purposes, building could easily generate a double digit cap-rate with 20+ divided sections rented commercially. Could easliy be converted into a quad plex with 4 addresses, 4 kitchens and an equally divided floor plan. Ready to move into with new kitchen, HVAC, tile, and paint throughout. Attic could easily be finished for an additional 5,000 sqft of storage. Digital blueprints and 3D walk-through available.
    Exterior Features

    Parking Facilities Asphalt0-15 Spaces Road Frontage City Street Roof Construction Pitched

    Interior Features

    Cooling System Central Cooling Heating System Central Hot Water System Gas

    Property Features

    Commercial Zoning Multi-Use Est Age Range 51+ Years Existing Financing Conventional For Sale Rent Sale Industrial Flex SpaceOffice ShowroomResearch And Development Locationof Property Free StandingCity Central Lodgingand Hospitality Other Miscellanous FixturesHistoric DistrictFurnitureLiving Space Available Multi Family Other New Financing Conventional1031 ExchangeOwner Office Office BuildingOtherMedicalOffice Business ParkResarch & Development Possession NegotiableAt Closing Property Type Business W/Lease Retail Commercial Day Care Facility/NurseryStreet RetailRestaurantRetail PadFree Standing Building Sewer Public Sewer Shopping Center Other Special Purpose Religious StructureLaundromat Terms Owner Occupied/Will VacateOwner Occupied/Lease Back Total Taxes 3922.77 Virtual Tour Tour.Usamls.Net/476-1St-St-Nw-Cleveland-Tn-37311/Unbranded Water Public

    Listing provided courtesy of Mike Jones of Award Realty II.


    © 2020 River Counties Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Jooma Team | Keller Williams Greater Downtown Realty. Data last updated: 2020-10-24T13:47:29.893.
     
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    The Jooma Team | Keller Williams Greater Downtown Realty
    1830 Washington Street
    Chattanooga TN, 37408