5.7 acres of commercial land on N Lee Highway. Great visibility with 707 feet of road frontage. Tenant lease on property until end of September 2023. They are willing to renew lease if the buyer desires to do so. The highest and best use will be redevelopment. There is a building on the property currently used as an office. City planners have said it should be able to to be annexed and rezoned.
Closed
$800,000
5580 N Lee Hwy, Cleveland, TN 37312
--beds
--baths
5.7Acres
Unimproved Land
Built in ----
5.7 Acres Lot
$-- Zestimate®
$--/sqft
$1,144 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,144/mo
Zestimate® history
Owner options
List your home for rent
$1,144/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
$1,144/mo
Rent Zestimate®
Refinance and save
$4,632/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$4,632/mo
Est. payment
Explore your selling options
Work with a Zillow partner agent
Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.
Get startedList with your own agent
Get your home in front of millions of buyers by listing it on Zillow.
Learn how to do itSell it yourself
Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).
List your homeWhat's special
Zillow last checked:
Listing updated:
Listed by:
Kathy Lee 423-303-1200,
Keller Williams Cleveland
Bought with:
A Non-Member
--NON-MEMBER OFFICE--
Source: RealTracs MLS as distributed by MLS GRID,MLS#: 2601772
Facts & features
Property
Lot
- Size: 5.7 Acres
- Dimensions: 707 x 374
Details
- Parcel number: 034 02500 000
- Special conditions: Standard
Utilities & green energy
- Sewer: Other
- Water: Public
- Utilities for property: Water Available
Community & HOA
HOA
- Has HOA: No
Location
- Region: Cleveland
Financial & listing details
- Tax assessed value: $919,200
- Annual tax amount: $2,618
- Date on market: 5/15/2023
Price history
| Date | Event | Price |
|---|---|---|
| 12/14/2023 | Sold | $800,000-6.4% |
Source:  RealTracs MLS as distributed by MLS GRID #2601772 Report a problem | ||
| 5/16/2023 | Contingent | $855,000 |
Source:  RCAR #20235189 Report a problem | ||
| 5/16/2023 | Listed for sale | $855,000 |
Source: RCAR #20235189 Report a problem | ||
| 5/16/2023 | Pending sale | $855,000 |
Source: RCAR #20235189 Report a problem | ||
| 5/4/2023 | Listed for sale | $855,000-18.3% |
Source: RCAR #20235189 Report a problem | ||
| 9/3/2021 | Sold | $1,046,500+1007.4% |
Source: Public Record Report a problem | ||
| 12/22/1998 | Sold | $94,500+45.4% |
Source: Public Record Report a problem | ||
| 10/12/1998 | Sold | $65,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $367,680 +71.2% |
| 2024 | $3,091 -19% | $214,800 |
| 2023 | $3,818 | $214,800 |
| 2022 | $3,818 -43.9% | $214,800 +45.9% |
| 2021 | $6,804 +3657% | $147,250 +1706.7% |
| 2019 | $181 +30.1% | $8,150 |
| 2018 | $139 -99.4% | -- |
| 2017 | $22,525 +30339.2% | -- |
| 2016 | $74 | -- |
| 2015 | $74 | -- |
| 2014 | $74 | -- |
Find assessor info on the county website
Neighborhood: 37312
Nearby homes
- $1,053,175-- bd-- ba-- sqft5626 N Lee Hwy, Charleston, TN 37312Sold
- $238,100-- bd-- ba1.6k sqft5580 Lee Hwy, Cleveland, TN 37312Off Market
- $---- bd-- ba-- sqft5575 N Lee Hwy, Cleveland, TN 37312Off Market
- $2,520,9001.27 Acres5595 N Lee Hwy, Cleveland, TN 37312Off Market
- $321,4003 bd2 ba1.6k sqft5500 Maddie Drew Ln, Cleveland, TN 37312Off Market
- $1,8503 bd3 ba1.7k sqft5501 Maddie Drew Ln, Cleveland, TN 37312For Rent
- $419,9004 bd2 ba2.5k sqft5553 Coleman Dr, Cleveland, TN 37312Off Market
- $--2 bd2 ba-- sqft5553 Coleman Dr #F320A52C6, Cleveland, TN 37312Off Market
Nearby schools
GreatSchools rating
- 6/10Ernest L Ross Elementary SchoolGrades: 3-5Distance: 2 mi
- 4/10Cleveland Middle SchoolGrades: 6-8Distance: 3.8 mi
- 7/10Cleveland High SchoolGrades: 9-12Distance: 3.1 mi
Schools provided by the listing agent
- Elementary: North Lee Elementary School
- Middle: Ocoee Middle School
- High: Walker Valley High School
Source: RealTracs MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
- Tennessee
- Bradley County
- Cleveland
- 37312
- 5580 N Lee Hwy
Nearby cities
Nearby neighborhoods
Nearby zip codes
Other Cleveland Topics
