463 Central AveCleveland, TN 37311

Property Details for 463 Central Ave

Year built

1977

Lot size

0.26 AC

Property size (Sq ft)

1,350 SF

Zone code

MU

Property type

Office properties

Property subtype

Other office properties

APN

049N G 003.00 000

APU

049NG00300000

Description

This exceptional 1,200 square foot mixed-use building is situated on a 0.14-acre lot at 463 Central Avenue NW in the heart of downtown Cleveland, Tennessee. Its prime location within a high-traffic area ensures consistent foot and vehicle traffic, benefiting from the proximity to thriving businesses, restaurants, and retail shops. The open floor plan offers remarkable versatility, easily adaptable to a variety of business needs. Whether you envision office spaces, retail stores, or a combination of both, this property provides the flexibility to accommodate your specific requirements. Recent updates ensure the building is move-in ready, minimizing upfront costs and maximizing immediate occupancy. Ample parking options are available, complemented by convenient access to public transportation, enhancing accessibility for both employees and customers. The building's location within a rapidly developing area of downtown Cleveland presents significant growth potential, making it an attractive investment opportunity for those seeking to capitalize on the area's ongoing expansion. This property offers a unique blend of immediate usability and long-term investment potential in a vibrant downtown setting. The asking price is $294,000.

• CAP approach

  CAP return

  Valuation

  6%

  $285,531

  6.5%

  $263,567

  7%

  $244,741

• Comparable approach

  Method

  Valuation

  Relative Method

  $219,901

  Geo Method

  $263,331

• Alternative Use

  Use

  Valuation

  Residential

  $326,823

  Hospitality

  $299,368

  Educational

  $249,071

  Medical

  $257,637

  Retail

  $387,443

Location Insight

City

Cleveland

County

Bradley

State

Tennessee

Latitude

35.1628

Longitude

-84.8788

CBSA code

17420

CBSA name

CLEVELAND, TN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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