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270-290 James Asbury Dr
Cleveland, TN 37312
Office Property For Sale
Investment Highlights
- Income-producing asset: Four Class?B office buildings totaling 5,020?SF, fully leased with multi-tenant setup—ideal for value-add investors.
- Strategic location: Prime visibility off I-75 at Paul Huff Parkway—corner parcel with high traffic exposure and strong redevelopment potential.
- Modern upgrades: Built in 1999 and fully renovated in 2018, featuring new metal roofing and no deferred maintenance
- Investor friendly terms: 100% leased under market rates, anchor tenants open to rent increase; seller financing with no payments year?one.
Executive Summary
Four income-producing commercial buildings just off of I-75 on the busy Paul Huff Pkwy exit. All four buildings are in great shape, with new metal roofs and no deferred maintenance to note. Current, long-term tenants are paying rent well under market, making this a perfect value-add investment, a user looking to lease out the other three buildings, or a redevelopment opportunity in this quickly growing market. Showings available only after an accepted LOI - please do not disturb tenants. Interior photos available upon request.
Tenants recognize that they are paying under-market rent, but they would like to remain and are open to reasonable rent increases. Seller Financing Available - no payments year 1!
Tenants recognize that they are paying under-market rent, but they would like to remain and are open to reasonable rent increases. Seller Financing Available - no payments year 1!
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
5,020 SF
Building Class
B
Year Built/Renovated
1999/2018
Price
$999,000
Price Per SF
$199.00
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
5,020 SF
Building FAR
0.16
Lot Size
0.72 AC
Zoning
C - Commercial
Parking
28 Spaces (5.5 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 033L-C-021.02 | Improvements Assessment | $284,080 |
| Land Assessment | $165,000 | Total Assessment | $449,080 |
Property Taxes
Parcel Number
033L-C-021.02
Land Assessment
$165,000
Improvements Assessment
$284,080
Total Assessment
$449,080
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