3222 Ocoee StCleveland, TN 37312

Property Details for 3222 Ocoee St

Year built

2005

Lot size

0.47 AC

Property size (Sq ft)

8,611 SF

Zone code

PI

Property type

Office properties

APN

042P H 001.01 000

APU

042PH00101000

Description

This exceptional two-story, 8,300-square-foot office building in downtown Cleveland, TN, is available for $1,700,000. Built in 1980 and renovated in 2015, this Class B property sits on a 1.01-acre lot and offers ample parking (22 spaces). The building features a versatile layout suitable for various professional uses, including executive, medical, or traditional office spaces. The main level includes a spacious executive suite with a fireplace and private half-bath, a welcoming lobby, a conference room with built-in projector and screen, six additional offices, and workstations. The second floor offers a foyer, a climate-controlled IT clean space, seven more offices, an open area with built-in workstations, and a kitchen. A finished basement provides extra office space, a large conference area, a workout room, and multiple bathrooms. The property boasts numerous half-baths and abundant storage throughout. Its all-brick construction ensures durability and excellent condition. Conveniently located near I-75, this property benefits from high visibility on N. Ocoee St, a major thoroughfare, and proximity to other professional offices. The P-1 zoning allows for a variety of uses, making it an ideal investment opportunity for owner-users seeking a lease or corporate lease arrangement. The property is vacant and ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $1,821,264

  6.5%

  $1,681,167

  7%

  $1,561,084

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,402,646

  Geo Method

  $1,679,662

• Alternative Use

  Use

  Valuation

  Residential

  $2,084,647

  Hospitality

  $1,909,525

  Educational

  $1,588,703

  Medical

  $1,643,340

  Retail

  $2,471,315

Location Insight

City

Cleveland

County

Bradley

State

Tennessee

Latitude

35.1836

Longitude

-84.8579

CBSA code

17420

CBSA name

CLEVELAND, TN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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