70 2Nd StCleveland, TN 37311

Property Details for 70 2Nd St

Year built

1900

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.21 AC

Property size (Sq ft)

9,568 SF

Property type

Retail properties

Property subtype

Retail space

APN

049M Y 029.00 000

APU

049MY02900000

Description

This exceptional 4,750 square foot, two-story building, located at 70 2nd St NE in Cleveland, TN (37311), presents a unique opportunity for lease. Built in 1900 and renovated in 2015, this single-tenant property boasts a 12-foot ceiling height and offers a blend of creative and traditional office space. The building features three front doors and two side entrances, providing excellent accessibility and visibility. The interior showcases exposed beams, creating an industrial-chic atmosphere, complemented by a mix of carpet and tile flooring. The space includes two bathrooms, a galley kitchen, multiple offices, ample storage, and expansive showrooms, adaptable to various business needs. With owner permission, the space can be customized to suit specific requirements. The property is zoned commercial and has a convenient five-space parking lot across the street. Its central location in Historic Downtown Cleveland, near government offices, retail, restaurants, and a university, ensures high foot traffic and visibility. The adjacent 70 2nd Street offers potential for expansion. This property is ideal for a variety of uses, including retail, restaurants, or office spaces. The current tenant is vacating, making this an immediate opportunity to secure a space in a highly desirable location. The APN is 049MD C 029. The building has 220-volt power but no elevator.

• CAP approach

  CAP return

  Valuation

  6%

  $2,974,800

  6.5%

  $2,745,970

  7%

  $2,549,829

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,927,499

  Geo Method

  $4,703,162

• Alternative Use

  Use

  Valuation

  Residential

  $2,316,328

  Hospitality

  $2,121,744

  Educational

  $1,765,266

  Medical

  $1,825,976

  Retail

  $2,745,970

Location Insight

City

Cleveland

County

Bradley

State

Tennessee

Latitude

35.16

Longitude

-84.8746

CBSA code

17420

CBSA name

CLEVELAND, TN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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