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00 Commerce Blvd - Exit 20 on I-75

30 Acres of Commercial Land Offered at $7,830,000 in Cleveland, TN 37353

Investment Highlights

  • Over 1,800 square feet of frontage on I-75 promoting high visibility.
  • Versatile property able to be subdivided into 1-5 acres lots.
  • 30.00 acres zoned commercial enabling for a multitude of developments opportunities.

Executive Summary

This Listing is for the entire tract of approx 30 acres in its current condition with utilities at the Street, partially cleared, partially graded and access by public ROW "Commerce Blvd". The 30+/- acre property is located on the South West Quadrant of the I-75 at Exit 20 Interchange (Pleasant Grove Rd). Leading East from the Interchange, Pleasant Grove Road becomes US HWY 74. Exit 20 is the Southern Terminus of the Cleveland By-Pass (“APD 40”), a four lane divided highway. Exit 20 is the ‘hinge-pin’ for traffic to and from major manufacturing / distribution in the area including existing operations in Bradley Co (Wacker Chemie, Amazon Fulfillment, M&M Mars, Duracell, Whirlpool), those in Chattanooga (Volkswagen, Volkswagen vendors, McKee Bakery, Alstom, Astec Industries, US Express) and those incoming to the new Bradley County / Cleveland Industrial Park (located at the South East Quadrant of Exit 20). City and County officials have identified the Exit 20 area as High Growth…up to 61% growth in 15 years. Exit 20 is also the gateway to the annual $90M Tourist traffic to the Ocoee River / Cherokee National Forest area. The Exit 20 Interchange is recently renovated and completed with design capacity up to 120,000 vehicles per day on I-75. One mile to the East on APD 40, the Stone Lake Interchange is being installed to serve the forthcoming Industrial Park. Area uses include a 12-Screen Movie Plex (UEC), Automobile Dealerships (NISSAN, TOYOTA, HONDA), Travel Center (PILOT), and Retail Sales. The 30 +/- acre Property is served by a newly installed ROW “Commerce Blvd” with utilities and storm water prepared for future approvals. Frontage on I-75 is approx. 1,800 feet and provides unimpeded frontage views to interstate traffic. The Property is mostly cleared and mostly graded at the frontage while the rear of the Property is gently rolling topography to an additional 1,200 ft of Frontage on Pleasant Grove Rd. This listing is for the entire acreage, without separate land splits, and in its current development status. This 30+/- acre site is zoned for Commercial Uses (Bradley Co , Interchange Commercial Zone). Exit 20 expansion project is completed by TDOT in preparation for anticipated expansion of commercial and industrial development at this interchange. Area Uses include Car Dealerships, Movie Theater Complex, Travel Center, Planned Industrial Park, Self Storage, and Retail sales.
Will divide into 1 or 5 acre tracts at adjusted price per acre.

Property Facts

Price $7,830,000
Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Industrial
  • Retail
  • Hospitality
  • Convenience Store
  • Distribution
  • Drugstore
  • Hotel
  • Retail Warehouse
  • Service Station
  • Truck Stop
  • Truck Terminal
  • Warehouse
Total Lot Size 30.00 AC

1 Lot Available

Lot

Price $7,830,000
Price Per AC $261,000
Lot Size 30.00 AC

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
056-042.00
Land Assessment
$307,680
Improvements Assessment
$0
Total Assessment
$307,680

zoning

Zoning Code C-1 (Commercial)
C-1 (Commercial)
  • Listing ID: 3974849

  • Date on Market: 12/22/2015

  • Last Updated:

  • Address: 00 Commerce Blvd, Cleveland, TN 37353

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