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For sale
    • $595,000

    5714 Waterlevel Hwy, Cleveland, TN 37323

    4beds
    1,363sqft
    : 
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    Mixed Use
    Built in 1968
    -- sqft lot
    $567,600 Zestimate®
    $437/sqft
    $-- HOA

    What's special

    Half bathroomFull brick structureStorage roomSubstantial frontage
    PRIME HIGH-TRAFFIC COMMERCIAL OPPORTUNITY ON HWY. 64 WITH EXCEPTIONAL ROAD FRONTAGE AND VISIBILITY! Strategically positioned along Waterlevel Highway (Hwy. 64), one of the area's busiest and most heavily traveled corridors, this property offers approximately 506 feet of road frontage with outstanding exposure and accessibility--ideal for commercial development, retail, service-based businesses, or long-term investment. The site includes multiple existing structures that provide immediate income potential and flexible use while planning future redevelopment. A full brick structure currently configured as a 3-bedroom, 1.5-bath residence, along with a detached 1-bedroom, 1-bath unit, offers opportunities for office conversion, rental income, or interim business operations. An additional detached garage/workshop--featuring 3-phase wiring, a storage room, and a half bathroom--is currently leased on a month-to-month basis for $1,100, generating instant revenue. With strong traffic counts, excellent visibility, and substantial frontage, this property is well-suited for investors, developers, or business owners seeking a high-exposure location in a growing commercial corridor. Rare opportunity to secure a large footprint on Hwy. 64 with immediate income and significant upside potential. (Tiny home conveys. Mobile home does not remain.) Call for additional details or to schedule a private tour.
    109 days
    |
    122
    |
    2
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    Zillow last checked:

    Listing updated:

    Listed by:

    Melody Smith 423-595-0199,

    Compass Group Realty,LLC 423-584-5577

    Source: Greater Chattanooga Realtors,MLS#: 1531360

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 4
      • Full bathrooms: 2
      • 1/2 bathrooms: 2
      Heating
      • Central, Electric
      Cooling
      • Central Air, Ceiling Fan(s), Electric
      Appliances
      • Included: Dishwasher, Electric Water Heater, Microwave
      • Laundry: Electric Dryer Hookup, Laundry Room, Main Level, Washer Hookup
      Features
      • Ceiling Fan(s), High Speed Internet, Tub/shower Combo, En Suite
      • Flooring: Carpet, Laminate, Luxury Vinyl, Vinyl
      • Windows: Aluminum Frames, Blinds, Drapes
      • Has basement: No
      • Number of fireplaces: 1
      • Fireplace features: Living Room
      Interior area
      • Total structure area: 1,363
      • Total interior livable area: 1,363 sqft
      • Finished area above ground: 1,363

      Property

      Parking
      • Total spaces: 2
      • Parking features: Asphalt, Paved
      • Carport spaces: 2
      Features
      • Levels: One
      • Stories: 1
      • Patio & porch: Front Porch, Porch - Covered
      • Exterior features: Private Yard, Rain Gutters, Storage
      Lot
      • Size: 0.9 Acres
      • Dimensions: 506 x 131 x 516 x 67
      • Features: Back Yard, Cleared, Front Yard, Level
      Details
      • Additional structures: Garage(s), Outbuilding, Second Residence, Storage, Workshop
      • Parcel number: 060 04700 000
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: Ranch
      • Property subtype: Mixed Use
      Materials
      • Brick
      • Foundation: Brick/Mortar
      • Roof: Shingle
      Condition
      • New construction: No
      • Year built: 1968

      Utilities & green energy

      • Sewer: Septic Tank
      • Water: Well
      • Utilities for property: Cable Available, Electricity Connected, Other, Phone Available, See Remarks, Water Available

      Community & HOA

      Community
      • Features: Other
      • Subdivision: None
      HOA
      • Has HOA: No
      Location
      • Region: Cleveland

      Financial & listing details

      • Price per square foot: $437/sqft
      • Tax assessed value: $298,400
      • Annual tax amount: $919
      • Date on market: 3/29/2026
      • Listing terms: Cash,Conventional,FHA,USDA Loan,VA Loan
      • Road surface type: Paved

        Estimated market value

        $567,600

        $539,000 - $596,000

        $1,227/mo

        Price history

        DateEventPrice
        3/28/2026Listed for sale$595,000$437/sqft
        Source: RCAR #20261589 Report a problem
        3/24/2021Listing removed--
        Source: Owner Report a problem
        5/22/2014Listing removed$1,100$1/sqft
        Source: Owner Report a problem
        5/14/2014Listed for rent$1,100$1/sqft
        Source: Owner Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025-- $74,600 +53.9%
        2024$870 $48,475
        2023$870 $48,475
        2022$870 $48,475
        2021$870 +8.5%$48,475 +34.3%
        2019$802 +5.9%$36,100
        2018$758 0%--
        2017$758 +0.4%--
        2016$755 --
        2015$755 +3.6%--
        2014$729 --
        2013-- --
        2006$660 $30,825
        2005$660 +1.2%$30,825 +9.2%
        2004$652 -2.4%$28,225 -2.4%
        2003$668 $28,925 +11.4%
        2001-- $25,955 -75%
        2000-- $103,821
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 37323

        Getting around

        21 / 100
        Car-Dependent
        33 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Park View Elementary
        • Middle: Lake Forest Middle
        • High: Bradley Central High

        Source: Greater Chattanooga Realtors. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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