1009 Lee HwyCleveland, TN 37311

Property Details for 1009 Lee Hwy

Year built

1966

Construction

FRAME

Lot size

1.65 AC

Property size (Sq ft)

6,300 SF

Zone code

CH

Property type

Auto shops

APN

057B K 005.00 000

APU

057BK00500000

Description

This exceptional 6,300 square foot industrial property, situated on a generous 2.09-acre lot in Bradley County, presents a unique investment opportunity. Built in 1966 and extensively renovated in 2024, the single-tenant building boasts a metal construction and offers a versatile layout. The space comprises a substantial 3,975 square foot shop area, a 2,200 square foot wash bay, and a convenient 900 square foot two-story office. Two drive-in bays provide easy access for loading and unloading, enhancing operational efficiency. The property benefits from a large, fenced lot, ensuring security and ample space for maneuvering. Its strategic location across from Bradley Central High School offers excellent visibility and accessibility. The property is zoned "CH" and features APN numbers 057c b 015.00 and 057b k 005.00. This meticulously maintained and upgraded property is ready for immediate occupancy and presents a compelling opportunity for businesses seeking a functional and well-located industrial space. The combination of its size, features, and location makes this a highly desirable asset in the Bradley County market.

• CAP approach

  CAP return

  Valuation

  6%

  $1,539,300

  6.5%

  $1,420,890

  7%

  $1,319,400

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,067,260

  Geo Method

  $1,278,030

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,787,220

  Mixed-Use / Specialty

  $1,409,230

  Hospitality / Lodging

  $1,025,310

  Office

  $1,393,980

  Institutional / Educational

  $1,462,670

  Residential Income

  $1,711,320

  Multifamily

  $2,089,070

  Automotive / Energy

  $1,253,710

  Parking / Income-Based Land

  $439,165

  Restaurant / Food Service

  $718,858

  Healthcare / Senior Housing

  $1,451,900

Location Insight

City

Cleveland

County

Bradley

State

Tennessee

Latitude

35.1553

Longitude

-84.8891

CBSA code

17420

CBSA name

CLEVELAND, TN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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