1208 SW - Warehouse FOR SALE


Cleveland, TN 37311- Downtown Cleveland
$2,600,000 USD
1208 SW, Cleveland, TN for Sale
$2,600,000 USD
Warehouse - FOR SALE
1/5
null | 7.29% Cap Rate


HIGHLIGHTS

  • 1208 Smith Dr SW located on +/- 3.20 acres
  • 6 drive in doors 14 feet each and 6 Walk in Doors
  • 33,840 square foot Warehouse with 24 ft Eaves
  • Also available separately is the adjacent property a 1213 Cedar Lane SW., an income producing, 3 bed/2/bath approx. 2, 000 sq ft for $275,000
  • The Warehouse is heated but no AC
  • Lease Option Available Estimated Monthly Rent $18,330

OVERVIEW

Industrial Warehouse | For Sale or For Lease – Cleveland, TN 1208 Smith Dr SW, Cleveland, TN 37311 Unlock the potential of this 33,880± SF clear-span industrial warehouse located in Cleveland’s established industrial corridor. Ideal for an owner-user, investor, or long-term tenant, this facility offers the scale, access, and layout needed for a wide range of industrial, warehouse, or operational uses. Lease Option Available: Estimated $18,330 monthly Property Features 33,880± SF clear-span warehouse Six (6) 14’ drive-in doors Six (6) walk-in entries Approximately 24’ eave height Clear-span construction Situated on approximately 3.20± acres Sale Offering Offered at $2,600,000Includes industrial warehouse and associated land only. Lease Offering $6.50 PSF NNNTenant is responsible for utilities, property taxes, insurance, and maintenance. Optional Adjacent Residential Opportunity (Not Included) The adjacent single-family residence at 1213 Cedar Lane SW is not included in the sale or lease offering but may be purchased separately for $275,000, subject to separate terms and availability. 3 bedrooms / 2 bathrooms Approximately 2,000 SF City sewer Currently leased at $1,400/month Situated on approximately 0.48± acres This optional purchase offers flexibility for on-site housing, rental income, or future redevelopment, without impacting the warehouse valuation or lease structure. Highlights Prime access to Cleveland’s industrial corridor Large clear-span layout with multiple access points Suitable for owner-users, investors, or long-term tenants Optional adjacent residential income opportunity Shown by appointment only.Listing agent must accompany all showings

FOR SALE DETAILS

PRICE

$2,600,000 USD

PRICE/SF

$77 USD /SF

CAP RATE

7.29%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

33,840 sq ft Warehouse Plus Rental Home

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1992

UTILITIES

Lighting, Water, Heating

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

6

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.2

LAND SF

139,392

ZONING

C

APN/PARCEL ID

057B-K-001.03

ASK ABOUT THIS PROPERTY

Diana SeaveyCrye Leike RealtorsMore Info

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Diana SeaveyCrye Leike RealtorsMore Info

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.