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270 Central Ave. NW Cleveland, Tennessee 3731 270 Central Ave 4,095 SF Retail Building Cleveland, TN 37311 $375,000 ($91.58/SF)
Investment Highlights
- Commercial retail space paired with a separate residential apartment, enabling live-work or dual-income use
- Apartment features a dedicated entrance, enhancing privacy and flexibility for owner-occupants or tenants.
- Centrally located within Cleveland with proximity to local businesses and services.
- Main level suitable for retail, office, studio, or service-oriented business uses.
- Large front windows and flexible interior layout provide good visibility and natural light.
Executive Summary
This property offers a flexible commercial solution paired with an income-generating residential component, ideal for owner-operators or investors seeking a combined-use asset. The main level provides a functional layout suitable for various business operations, such as retail, professional office, boutique services, or a creative studio. Its design accommodates efficient utilization of space and allows easy adaptation to specific operational needs.
Positioned in a central location within Cleveland, the property benefits from street visibility and proximity to core city amenities, supporting both business traffic and residential convenience. The dual-purpose configuration enables businesses to operate seamlessly while using the upstairs or designated areas for residential or ancillary purposes, which can serve as added revenue streams.
Given its mixed-use profile and downtown adjacency, this property appeals to entrepreneurs seeking a live-work arrangement, as well as investors drawn to its tenant diversification potential. With zoning aligned to flexible commercial usage, it offers scalability for different business models within a manageable footprint.
Positioned in a central location within Cleveland, the property benefits from street visibility and proximity to core city amenities, supporting both business traffic and residential convenience. The dual-purpose configuration enables businesses to operate seamlessly while using the upstairs or designated areas for residential or ancillary purposes, which can serve as added revenue streams.
Given its mixed-use profile and downtown adjacency, this property appeals to entrepreneurs seeking a live-work arrangement, as well as investors drawn to its tenant diversification potential. With zoning aligned to flexible commercial usage, it offers scalability for different business models within a manageable footprint.
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
4,095 SF
Building Class
C
Year Built/Renovated
1938/2000
Price
$375,000
Price Per SF
$91.58
Tenancy
Single
Building Height
2 Stories
Building FAR
0.81
Lot Size
0.12 AC
Zoning
MU - Multi- Use
Parking
4 Spaces (0.98 Spaces per 1,000 SF Leased)
Frontage
149’ on Central Avenue Northwest
Amenities
- 24 Hour Access
- Corner Lot
- Security System
- Air Conditioning
- Balcony
Moderately walkable
60/100
Moderately drivable
60/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 049M-R-011.00 | Improvements Assessment | $102,800 |
| Land Assessment | $15,280 | Total Assessment | $118,080 |
Property Taxes
Parcel Number
049M-R-011.00
Land Assessment
$15,280
Improvements Assessment
$102,800
Total Assessment
$118,080
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270 Central Ave. NW Cleveland, Tennessee 3731 | 270 Central Ave
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