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170 1st Street Ne

Cleveland, TN 37311
  • $499,900
  • STATUS: Active
  • ON SITE: 24 Days
  • MLS #: 20216357
UPDATED: 66 min ago
$499,900
  • 0
    BEDS
  • 0.07
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2500-2999
    SQFT
  • $178
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1952
County:
Area:

School Ratings & Info

Description

PRIME LOCATION, PROFITABLE OPPORTUNITY! Here's your chance to get in on the rapid economic growth of downtown Cleveland, Tennessee with this stunning, fully renovated, 2,809 sqft store front. Nestled at the center of the city's Master Plan for revitalization and redevelopment, this property is poised to be a focal point of downtown trade, experience, and nightlife. This spacious building is strategically located yards from from Main Street Square, across the street from the Cleveland Police Department, and just steps away from some of the busiest eateries, retailers, and destination hotspots Cleveland has to offer. With a 52 unit luxury apartment complex and new professional office space under construction 1 block away, the potential foot traffic is phenomenal. And if you didn't think it could get any better, the owner has invested over $100,000 in functional and cosmetic upgrades to this historic 1952 structure. Some of the extensive renovations include hand scraped & brushed (original wood) rafters, and polished concrete floors, as well as: electrical (new source at street and panel), plumbing, roof (reflective white TPO w/ 4" ISO foam), HE HVAC w/ exposed ducts, custom aluminum & glass storefront, 3 cam HD/NV security system w/ magnetic locks, drops for 16-port high speed Ethernet network, and so much more! The result? "Industrial Chic" with optimal functionality and restorative ambiance. Property is currently occupied by tenant yielding $26,400 annual rent roll. Tenants rights in effect until August 2022 (negotiable). Prospective investor could turn prime space into eatery, brewery, professional, or retail. The possibilities are endless! Don't miss this one of a kind opportunity in the current market with extremely limited inventory. Showings Sundays & Mondays only. Listing agent must accompany. Call for a showing today.

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© 2021 River Counties Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Berkshire Hathaway HomeServices J Douglas Properties. Data last updated: 2021-11-26T21:47:21.29.
www.theedringtonteam.com/homes/122930603
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170 1st Street Ne Cleveland, TN 37311

  • Price: $499,900
  • Status: Active
  • On Site: 24 Days
  • Updated: 66 min ago
  • MLS #: 20216357
0
Beds
0
Baths
0
½ Baths
0.07
Acres
2500-2999
SQFT
$178
$/SQFT
1952
Built
Neighborhood:
Other
County:
Bradley
Area:
Cleveland NE
Property Description
PRIME LOCATION, PROFITABLE OPPORTUNITY! Here's your chance to get in on the rapid economic growth of downtown Cleveland, Tennessee with this stunning, fully renovated, 2,809 sqft store front. Nestled at the center of the city's Master Plan for revitalization and redevelopment, this property is poised to be a focal point of downtown trade, experience, and nightlife. This spacious building is strategically located yards from from Main Street Square, across the street from the Cleveland Police Department, and just steps away from some of the busiest eateries, retailers, and destination hotspots Cleveland has to offer. With a 52 unit luxury apartment complex and new professional office space under construction 1 block away, the potential foot traffic is phenomenal. And if you didn't think it could get any better, the owner has invested over $100,000 in functional and cosmetic upgrades to this historic 1952 structure. Some of the extensive renovations include hand scraped & brushed (original wood) rafters, and polished concrete floors, as well as: electrical (new source at street and panel), plumbing, roof (reflective white TPO w/ 4" ISO foam), HE HVAC w/ exposed ducts, custom aluminum & glass storefront, 3 cam HD/NV security system w/ magnetic locks, drops for 16-port high speed Ethernet network, and so much more! The result? "Industrial Chic" with optimal functionality and restorative ambiance. Property is currently occupied by tenant yielding $26,400 annual rent roll. Tenants rights in effect until August 2022 (negotiable). Prospective investor could turn prime space into eatery, brewery, professional, or retail. The possibilities are endless! Don't miss this one of a kind opportunity in the current market with extremely limited inventory. Showings Sundays & Mondays only. Listing agent must accompany. Call for a showing today.
Exterior Features

Accessible Transportation Government Maintained Road Construction BlockBrick Parking Facilities Offsite/Street Road Frontage City Street Roof Construction See RemarksFlat

Interior Features

Cooling System Central Cooling Floors Concrete Heating System CentralElectric Hot Water System Electric

Property Features

Condition Of Structure Updated/RemodeledVery GoodExcellent Est Age Range 51+ Years Existing Financing Conventional For Sale Rent Sale Locationof Property City Central Miscellanous FixturesDisplay WindowHistoric DistrictInside StorageThree-Phase PowerRestroomsOutside Lighting New Financing ConventionalCash OnlyPrivate Office Office BuildingOther Possession NegotiableSee RemarksSubject To Tenant Rights Property Type Retail/Commercial Retail Commercial Street RetailRestaurant Sewer Public Sewer Terms See RemarksOther Total Taxes 2375.95 Water Public

Listing provided courtesy of Bonnie Bennett of Kw Cleveland.


© 2021 River Counties Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Berkshire Hathaway HomeServices J Douglas Properties. Data last updated: 2021-11-26T21:47:21.29.
 
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Chattanooga TN, 37405