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33,840 sq ft Warehouse Plus Rental Home 1208 SW 33,840 SF Industrial Building Cleveland, TN 37311 $3,569,748 CAD ($105.49 CAD/SF) 7.29% Cap Rate
Investment Highlights
- 1208 Smith Dr SW located on +/- 3.20 acres
- 33,840 square foot Warehouse with 24 ft Eaves
- The Warehouse is heated but no AC
- 6 drive in doors 14 feet each and 6 Walk in Doors
- Also available separately is the adjacent property a 1213 Cedar Lane SW., an income producing, 3 bed/2/bath approx. 2, 000 sq ft for $275,000
- Lease Option Available Estimated Monthly Rent $18,330
Executive Summary
Industrial Warehouse | For Sale or For Lease – Cleveland, TN
1208 Smith Dr SW, Cleveland, TN 37311
Unlock the potential of this 33,880± SF clear-span industrial warehouse located in Cleveland’s established industrial corridor. Ideal for an owner-user, investor, or long-term tenant, this facility offers the scale, access, and layout needed for a wide range of industrial, warehouse, or operational uses.
Lease Option Available: Estimated $18,330 monthly
Property Features
33,880± SF clear-span warehouse
Six (6) 14’ drive-in doors
Six (6) walk-in entries
Approximately 24’ eave height
Clear-span construction
Situated on approximately 3.20± acres
Sale Offering
Offered at $2,600,000Includes industrial warehouse and associated land only.
Lease Offering
$6.50 PSF NNNTenant is responsible for utilities, property taxes, insurance, and maintenance.
Optional Adjacent Residential Opportunity (Not Included)
The adjacent single-family residence at 1213 Cedar Lane SW is not included in the sale or lease offering but may be purchased separately for $275,000, subject to separate terms and availability.
3 bedrooms / 2 bathrooms
Approximately 2,000 SF
City sewer
Currently leased at $1,400/month
Situated on approximately 0.48± acres
This optional purchase offers flexibility for on-site housing, rental income, or future redevelopment, without impacting the warehouse valuation or lease structure.
Highlights
Prime access to Cleveland’s industrial corridor
Large clear-span layout with multiple access points
Suitable for owner-users, investors, or long-term tenants
Optional adjacent residential income opportunity
Shown by appointment only.Listing agent must accompany all showings
1208 Smith Dr SW, Cleveland, TN 37311
Unlock the potential of this 33,880± SF clear-span industrial warehouse located in Cleveland’s established industrial corridor. Ideal for an owner-user, investor, or long-term tenant, this facility offers the scale, access, and layout needed for a wide range of industrial, warehouse, or operational uses.
Lease Option Available: Estimated $18,330 monthly
Property Features
33,880± SF clear-span warehouse
Six (6) 14’ drive-in doors
Six (6) walk-in entries
Approximately 24’ eave height
Clear-span construction
Situated on approximately 3.20± acres
Sale Offering
Offered at $2,600,000Includes industrial warehouse and associated land only.
Lease Offering
$6.50 PSF NNNTenant is responsible for utilities, property taxes, insurance, and maintenance.
Optional Adjacent Residential Opportunity (Not Included)
The adjacent single-family residence at 1213 Cedar Lane SW is not included in the sale or lease offering but may be purchased separately for $275,000, subject to separate terms and availability.
3 bedrooms / 2 bathrooms
Approximately 2,000 SF
City sewer
Currently leased at $1,400/month
Situated on approximately 0.48± acres
This optional purchase offers flexibility for on-site housing, rental income, or future redevelopment, without impacting the warehouse valuation or lease structure.
Highlights
Prime access to Cleveland’s industrial corridor
Large clear-span layout with multiple access points
Suitable for owner-users, investors, or long-term tenants
Optional adjacent residential income opportunity
Shown by appointment only.Listing agent must accompany all showings
Property Facts
| Price | $3,569,748 CAD | Lot Size | 3.20 AC |
| Price Per SF | $105.49 CAD | Rentable Building Area | 33,840 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 7.29% | Year Built | 1992 |
| Sale Condition | Lease Option | Tenancy | Single |
| Property Type | Industrial | No. Drive In / Grade-Level Doors | 6 |
| Property Subtype | Warehouse | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | C - Zoned Commercial | ||
| Price | $3,569,748 CAD |
| Price Per SF | $105.49 CAD |
| Sale Type | Investment |
| Cap Rate | 7.29% |
| Sale Condition | Lease Option |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 3.20 AC |
| Rentable Building Area | 33,840 SF |
| No. Stories | 1 |
| Year Built | 1992 |
| Tenancy | Single |
| No. Drive In / Grade-Level Doors | 6 |
| Opportunity Zone |
Yes |
| Zoning | C - Zoned Commercial |
Utilities
- Lighting
- Water
- Heating
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 057B-K-001.03 | Improvements Assessment | $266,536 CAD |
| Land Assessment | $243,397 CAD | Total Assessment | $509,934 CAD |
Property Taxes
Parcel Number
057B-K-001.03
Land Assessment
$243,397 CAD
Improvements Assessment
$266,536 CAD
Total Assessment
$509,934 CAD
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33,840 sq ft Warehouse Plus Rental Home | 1208 SW
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