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1490 Spring Place Rd SE, Cleveland, TN 37311 For Sale

TM
TN TN 344895
Keller Williams Greater Chattanooga
Listed by Keller Williams Greater Chattanooga
$900,000
237 days on market
Updated 42 days ago

Six Bay Garage on 4.68 Acres Inside City of Cleveland TN

Details
APN 057M D 003.00
Property Type Industrial, Retail (+1)
Sub Type Auto Shop, Garage/Parking (+1)
Square Footage 2,700
Net Rentable (SqFt) 2,700
Price per SqFt $333
Broker Co-Op Yes
Class B
Year Built 1964
Year Renovated 2024
Buildings 1
Stories 1
Acreage 4.680
Zoning Commercial
Investment Type Value Add
Ceiling Height 8
Ownership On File
Sale Condition For sale by owner

Price Reduced 2,700 SF 6 Bay Garage on 4.68 Acres City of Cleveland TN

Marketing description

PRICE IMPROVEMENT - REDUCED $49,000

1490 Spring Place Rd SE, Cleveland, TN

For Sale – $900,000

Property Type: Commercial (Repair Services / Garage) Scrap Yard Grandfathered Status

Acreage: 4.68 Acres / 2 Parcels

Parcel: 057 M D 003.00 4.22 Acres and

Parcel: 057 M D 002.00 0.46 Acre

Building Size: Approx. 2,700 SF

A rare commercial opportunity located on heavily traveled Spring Place Road in Cleveland, TN. Traffic count is approximately 19,513 daily. 1/2 mile to APD 40 Highway. This 4.68-acre property includes a versatile 2,700 sq ft building with an office, restroom, and a six-bay shop—ideal for a wide range of businesses. The property benefits from grandfathered zoning, allowing continued use as either a new auto parts retail location or a salvage/used parts yard and store. Public utilities include natural gas, electricity, public water, and public sewer.

- Seller has portfolio of two other auto related businesses available for purchase including large, furnished auto shop. Contact listing agent for details.

Best / Most Likely Uses (highest match to existing building & grandfathered status)

  1. Auto salvage yard + parts store — exactly what the grandfathering already allows; use the six bays for dismantling, parts storage, and storefront sales.
  2. Automotive parts retail (new & used) — over-the-counter sales using the bays as service/retail space.
  3. Tow / Recovery yard with retail parts — owner willing to include a tow truck; combine dispatch, vehicle storage, and retail.
  4. Automotive repair & service center — multi-bay repair shop, lube, alignment, tire mounting, etc.
  5. Fleet service / contractor vehicle shop — service and maintenance base for local contractors, delivery fleets, or towing companies.

Good Secondary Uses (may need permits / minor changes)

  1. Light industrial / fabrication shop — metalworking, small fabrication, parts manufacturing that fits a 6-bay shop.
  2. Auto body / collision center
  3. Warehouse / distribution hub (small scale)
  4. Vehicle storage / impound lot — long or short-term vehicle storage tied to towing/impound operations.

Potential Uses That Require Rezoning or Larger Upgrades

  1. Retail other than automotive (general store, restaurant)
  2. Office conversion (co-working, administrative HQ)
  3. Multi-tenant commercial (small shops)

Investment highlights

PRICE REDUCED BY $49,000

Owner Considerations:

- Seller will consider including tow truck with full-price offer and easy, quick closing. Comps justify the asking price.

- Seller may transfer state license to resell used autos, but will not sign a non-compete.

-Seller will consider partial owner-financing with down payment and balloon in 3 years.

- Seller has portfolio of two other auto related businesses available for purchase. Contact listing agent for details.

Listing Contacts

TM
TN TN 344895
Keller Williams Greater Chattanooga
Listed by Keller Williams Greater Chattanooga

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Additional Information

Name
Teresa Mustar
License
TN 344895
Brokerage
Keller Williams Greater Chattanooga
Brokerage Phone
4236641600
Title
Real Estate Broker / Agent
Brokerage Address
7158 Lee Highway
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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