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401 S Cedar Ave 12,000 SF Vacant Industrial Building South Pittsburg, TN 37380 $3,250,000 ($270.83/SF) 6.50% Cap Rate
Investment Highlights
- Ready to build land lots
- Event Space is Plug and Play
Executive Summary
Investment Opportunity | 401 S Cedar Ave, South Pittsburg, TN 37380
12,000 SQ FT Building • 3.92 Acres • Prime Downtown Location
Seize the chance to own one of the most strategically located commercial properties in downtown South Pittsburg, TN — just 1.4 miles off I-24, adjacent to Lodge Manufacturing’s 100-year facility, and at the center of community growth.
This 12,000 sq ft building sits on 3.92 flat, build-ready acres, offering endless development possibilities. The existing structure features:
6,000 sq ft of premier event space with stages, bars, a workout center, and expansive overlook decks — currently rented by large companies for $5,000 per day.
Two x well appointed, well furnished apartments, each with $3,000/month rental potential views of downtown and stunning views on private roof deck bar.
Private walled parking area, loading dock, and ample on-site parking.
High security and privacy.
The location and zoning make this property ideal for mixed-use development, including:
*Boutique Hotel *Light Manufacturing Facility
*Restaurants & Retail *Additional Commercial Buildings (5–6 feasible)
Special Location Advantage:
Every spring, the National Cornbread Festival brings thousands of visitors to downtown South Pittsburg, and this property at 401 S Cedar Ave sits at the very heart of the festival footprint—making it a focal point for foot traffic, visibility, and revenue. Surrounded by thriving shops and eateries and directly adjacent to Lodge Manufacturing’s historic facility, this site is uniquely positioned as both a natural anchor for downtown expansion and a prime candidate for future corporate interest or partnership.
Why Act Now:
Properties of this size, location, and versatility rarely come to market. Whether you’re looking for income-producing real estate or a long-term redevelopment play, this asset checks every box for serious investors.
Call Ben Phillips at 423-645-4444
for financials, zoning details, and to schedule a private tour.
This property won’t last—opportunities like this come once in a generation.
12,000 SQ FT Building • 3.92 Acres • Prime Downtown Location
Seize the chance to own one of the most strategically located commercial properties in downtown South Pittsburg, TN — just 1.4 miles off I-24, adjacent to Lodge Manufacturing’s 100-year facility, and at the center of community growth.
This 12,000 sq ft building sits on 3.92 flat, build-ready acres, offering endless development possibilities. The existing structure features:
6,000 sq ft of premier event space with stages, bars, a workout center, and expansive overlook decks — currently rented by large companies for $5,000 per day.
Two x well appointed, well furnished apartments, each with $3,000/month rental potential views of downtown and stunning views on private roof deck bar.
Private walled parking area, loading dock, and ample on-site parking.
High security and privacy.
The location and zoning make this property ideal for mixed-use development, including:
*Boutique Hotel *Light Manufacturing Facility
*Restaurants & Retail *Additional Commercial Buildings (5–6 feasible)
Special Location Advantage:
Every spring, the National Cornbread Festival brings thousands of visitors to downtown South Pittsburg, and this property at 401 S Cedar Ave sits at the very heart of the festival footprint—making it a focal point for foot traffic, visibility, and revenue. Surrounded by thriving shops and eateries and directly adjacent to Lodge Manufacturing’s historic facility, this site is uniquely positioned as both a natural anchor for downtown expansion and a prime candidate for future corporate interest or partnership.
Why Act Now:
Properties of this size, location, and versatility rarely come to market. Whether you’re looking for income-producing real estate or a long-term redevelopment play, this asset checks every box for serious investors.
Call Ben Phillips at 423-645-4444
for financials, zoning details, and to schedule a private tour.
This property won’t last—opportunities like this come once in a generation.
Property Facts Under Contract
| Price | $3,250,000 | Lot Size | 3.92 AC |
| Price Per SF | $270.83 | Rentable Building Area | 12,000 SF |
| Sale Type | Investment or Owner User | No. Stories | 20 |
| Cap Rate | 6.50% | Year Built/Renovated | 1990/2010 |
| Property Type | Industrial | Clear Ceiling Height | 17’ |
| Building Class | B | Opportunity Zone |
Yes
|
| Zoning | c-3 - C-3 | ||
| Price | $3,250,000 |
| Price Per SF | $270.83 |
| Sale Type | Investment or Owner User |
| Cap Rate | 6.50% |
| Property Type | Industrial |
| Building Class | B |
| Lot Size | 3.92 AC |
| Rentable Building Area | 12,000 SF |
| No. Stories | 20 |
| Year Built/Renovated | 1990/2010 |
| Clear Ceiling Height | 17’ |
| Opportunity Zone |
Yes |
| Zoning | c-3 - C-3 |
Amenities
- 24 Hour Access
- Controlled Access
- Conferencing Facility
- Cooler
- Courtyard
- Fitness Center
- Front Loading
- Security System
- Signage
- Roof Terrace
- Storage Space
- Air Conditioning
- Breakroom
- Perimeter Security Fence
1 1
Somewhat walkable
30/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 142O-B-008.00 | Improvements Assessment | $54,760 |
| Land Assessment | $146,880 | Total Assessment | $201,640 |
Property Taxes
Parcel Number
142O-B-008.00
Land Assessment
$146,880
Improvements Assessment
$54,760
Total Assessment
$201,640
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401 S Cedar Ave
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