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170 1st Street NE
Cleveland TN 37311 US

$462,500

Active Listing ID 20216357
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2,809 sqft
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Built in 1952
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Lot: 0.07 acre
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Other

$462,500

Active Listing ID 20216357
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170 1st Street NE 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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Property Features

  • Facts
  • Built in: 1952
  • Lot Size: 0.07 acre
  • Property Type: Commercial
  • Property Sub-type: Other
  • Features
  • Cooling System: Central A/C
  • Exterior Finish: Block, Brick
  • Floor Covering: Concrete
  • Parking Type: On Street
  • Roof Type: Unknown
  • Heating Fuels: Electric
Listing Changed: 1/11/2022 9:41:46 PM GMT
Source Updated Date: 1/23/2022 6:30:10 AM GMT

Courtesy of: Bonnie Bennett, KW Cleveland

Listing Source - ListHub

Copyright © 2022 River Counties Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.