355 1st St NW - Office FOR SALE


Cleveland, TN 37311- Downtown Cleveland
$1,300,000 USD
217-836-3666
355 1st St NW, Cleveland, TN for Sale
$1,300,000 USD
Office - FOR SALE
1/33
null | Request Cap Rate

355 1st St NW
Cleveland, TN 37311
Downtown Cleveland


OVERVIEW

8,000 SF Office Investment Near Downtown Cleveland Marketing description For Sale | Prime Downtown Cleveland Office Investment 355 1st St NW, Cleveland, TN 37311 Offered at $1,300,000 Positioned just steps from Downtown Cleveland, this approximately 8,000 SF multi-tenant office property presents an exceptional opportunity for investors or owner-users seeking a well-located commercial asset with immediate income and future upside. Adjacent to a neighborhood park and surrounded by established businesses, the property offers a highly walkable setting with convenient access to downtown amenities, restaurants, and government offices. The building features numerous individual office suites and flexible floor plans ideal for professional services, medical, counseling, nonprofit, or mixed office users. Current rent roll is approximately $4,250/month, with additional leasing opportunities available, offering potential for increased occupancy and revenue growth. Investment Highlights: -Approx. 8,000 SF office building -Offered at $1.3M -Existing income-producing tenants -Multiple individual office rooms and suites -Two full kitchens/break areas -Multiple restrooms throughout -Attractive courtyard spaces for tenants and visitors -Ample on-site parking -Flexible multi-tenant or owner-occupant potential -Adjacent to park space and near Downtown Cleveland This is a rare opportunity to acquire a centrally located office asset in one of Cleveland’s growing commercial corridors with both stable income and leasing upside. Additional office spaces are currently available for lease.

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$145 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1930

SPRINKLERS

-

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

CBD

APN/PARCEL ID

049N-J-008.00

ASK ABOUT THIS PROPERTY

Laura ColemanBridge Real Estate GroupMore Info
217-836-3666

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Laura ColemanBridge Real Estate GroupMore Info
217-836-3666

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