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240 Edwards St 24,042 SF Office Building Cleveland, TN 37311 $3,900,000 ($162.22/SF)

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INVESTMENT HIGHLIGHTS

Impressive 24,000+ Sq Ft
Adaptable Spaces, Security System, Multiple Entrance/Exit Points

Historical Significance with Modern Charm

EXECUTIVE SUMMARY

Discover a Landmark of Manufacturing Heritage at 240 Edwards Street?SE, Cleveland, TN Step into a storied piece of Cleveland's industrial legacy with this impressive 24,000+/-sq ft former appliance manufacturing and parts campus. With the original portion being constructed in 1923, the three-story building combines historical significance and charm with modern functionality. Inside, discover large, adaptable spaces ideal for training, call centers, executive offices, or collaborative areas. It's fully equipped for immediate operation, boasting secure fob access, comprehensive security systems, multiple entrance points, a generously sized kitchen, and infrastructure designed to support high-capacity employee and guest circulation. Located at the eastern gateway to the revitalization of the Former Magic Chef/Maytag/Whirpool site, this asset benefits from Cleveland's championed redevelopment initiatives. The Downtown Redevelopment Master Plan—publicly launched in May 2019—has catalyzed transformation across Edwards and Inman Streets. Key improvements include the recent Inman Street Corridor Project (January-October?2024), featuring widened sidewalks, enhanced lighting, new street trees, and safer pedestrian flow, drawing renewed interest and investment. This resurgence has spurred numerous historic restorations: from the award-winning conversion of the former Cherokee Hosiery Mill into 52 loft apartments, to the beautifully renewed Harle (Moore) Building at Edwards/Inman, now home to HHM CPAs. The momentum continues with streetscape enhancements, greenway expansions, and renewed focus on walkability and community vibrancy.

Floorplan - Main Level

Floorplan - Upstairs

Floorplan - Basement

PROPERTY FACTS

Sale Type

Investment or Owner User

Property Type

Office

Building Size

24,042 SF

Building Class

Year Built

1923

Price

$3,900,000

Price Per SF

$162.22

Tenancy

Multiple

Building Height

3 Stories

Typical Floor Size

8,014 SF

Building FAR

0.42

Lot Size

1.30 AC

Zoning

CBD - Listing includes 0 2nd Street SE Cleveland, TN 37311, tax ID 057D B 010.00 (Parking Lot located to the North Side of the building.)

Conferencing Facility

Security System

Reception

Storage Space

MAJOR TENANTS

Appliance Pros
Services
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Manufacturing
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Necessity and ingenuity have long been driving forces behind the world's great inventions, and the Hoover vacuum cleaner is no exception. The story begins in 1907. Murray Spangler, an inventor who worked nights as a janitor, was cleaning rugs in a Canton, Ohio, department store. But all the dust raised from his broom aggravated his asthma, and he called upon his inventor's creativity to find a solution to the problem. Spangler gathered a tin soap box, a fan, a sateen pillow case and a broom handle, then assembled an odd-looking, cumbersome contraption that managed to pull the dust away from the air he breathed. He quickly realized that this "suction sweeper," as he called it, had enormous sales potential, and he began seeking financial backing.