2442 Dalton PikeCleveland, TN 37323

Property Details for 2442 Dalton Pike

Lot size

8.90 AC

Property type

Land

Description

This exceptional 8.9-9 acre commercial land parcel presents a unique investment opportunity in Cleveland, Tennessee. Located at 2442 Dalton Pike, this fee-simple property boasts a highly desirable CH zoning designation, allowing for a variety of development possibilities. The site enjoys unparalleled visibility and direct access to ADP 40 (Dalton Pike), a major thoroughfare with over 31,000 vehicles per day. Its strategic corner location at Dalton Pike and Buchanan Circle provides significant frontage (620 ft on Dalton Pike and 615 ft on Buchanan Circle). The property is surrounded by a concentration of national retailers, including Walmart, Food City, Walgreens, and numerous fast-food restaurants and banks, ensuring high traffic and consumer visibility. Further enhancing its appeal, a new ALDI store and retail plaza are under development across the street, and a 120+ unit townhouse complex is nearing completion behind it. The area's rapid commercial and residential growth, with a trade area exceeding 90,000 people, makes this a prime location for development. Currently generating $4,000 monthly income from four residential rental houses (month-to-month contracts), this property offers a seamless transition from existing income to future development projects. Utilities are available, and a potential easement with the adjacent Super Walmart adds further value. The asking price is $5,500,000, and a 1031 exchange is permissible. This is an exceptional opportunity for developers seeking a high-impact location in a thriving market.

Location Insight

City

Cleveland

County

Bradley

State

Tennessee

Latitude

35.1297

Longitude

-84.8678

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