For Sale
$995,000

3686 Michigan Avenue Rd Cleveland, TN 37323

High-growth TN RV/Boat Storage

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional 191,664 square foot mixed-use property in Cleveland, TN, presents a compelling value-add investment opportunity. Built in 2023, this single-story facility sits on a 4.4-acre lot zoned IL (Light Industrial) and boasts 90 units, currently operating at 50% occupancy. The property includes 15 covered and 75 uncovered spaces, designed to accommodate a variety of RVs and boats, with various lengths to maximize revenue potential. Amenities include 24/7 gated access, a waste dump station, electrical outlets, LED lighting, security cameras, and a user-friendly online customer portal. A 7,500 square foot covered area offers 16-foot vertical clearance and 110w outlets. An on-site building, equipped with power, lights, and HVAC, provides additional space for office use or rental income. The strategic location near I-75, connecting Chattanooga, Cleveland, and Knoxville, ensures high visibility and accessibility. The property's current occupancy rate, coupled with the potential for increased revenue through space reconfiguration and building conversion, makes this a highly attractive investment. The property's APN is 01-043- -043- - -036.01- -000. Asking price is $995,000 ($5.19/sq ft). One gas pump is also on the property.

Highlights

  • Brand new RV and boat storage facility.
  • Value-add opportunity: Reconfigure existing space and convert storage building into rentable units.
  • Secure gated entry with 24/7 access.
  • RV wastewater dump station available.
  • Electrical outlets throughout the facility.
  • Wide driveways for easy access and maneuverability.

Property Details for 3686 Michigan Avenue Rd

Property type
Mixed-use properties, Self storage facilities
Square Feet
191,664 SF
Year Built
2023
Buildings
1
Stories
1
Lot Size (sq. ft)
191,664 SF
Units
90

Location Insight

City
Cleveland
County
Bradley
State
Tennessee
Latitude
35.182469604889
Longitude
-84.817936472158

FAQs

What type of property is this?
Mixed-use property - High-growth TN RV/Boat Storage
Where is the mixed-use property located?
The property is located at 3686 Michigan Avenue Rd Cleveland, TN.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Brand new RV and boat storage facility.; Value-add opportunity: Reconfigure existing space and convert storage building into rentable units.; Secure gated entry with 24/7 access.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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3686 Michigan Avenue Rd
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