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270-290 James Asbury Dr 5,020 SF 100% Leased Office Building Cleveland, TN 37312 $999,000 ($199.00/SF)
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!
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$4,980
|
$0.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$4,980
|
$0.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $4,980 |
| Annual Per SF | $0.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $4,980 |
| Annual Per SF | $0.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
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)
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- A Heavenly Touch Day Spa
- Services
- -
- -
- -
- -
- Capital Home Equity
- Finance and Insurance
- -
- -
- -
- -
Onstage Dance Co is a Cleveland, Tennessee arts business that operates as a dance studio and music center at the James Asbury Drive Northwest location in ZIP 37312. The company offers instruction across dance styles such as ballet, jazz, tap, tumbling, acrobatics, lyrical, musical theatre, contemporary, and hip hop, along with music instruction that includes guitar, bass, and percussion. The business also presents competitive and recreational programming for children, teens, and adults, giving the company a broad role in performing arts education and after-school enrichment.
- Salon Bella
- Services
- -
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| A Heavenly Touch Day Spa | Services | - | - | - | - | |
| Capital Home Equity | Finance and Insurance | - | - | - | - | |
| Onstage Dance Co | Educational Services | - | - | Triple Net | - | |
| Salon Bella | Services | - | - | - | - |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 033L-C-021.02 | Improvements Assessment | $284,080 (2025) |
| Land Assessment | $165,000 (2025) | Total Assessment | $449,080 (2025) |
Property Taxes
Parcel Number
033L-C-021.02
Land Assessment
$165,000 (2025)
Improvements Assessment
$284,080 (2025)
Total Assessment
$449,080 (2025)
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270-290 James Asbury Dr
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