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About This Home

This 4-bedroom, 3-bathroom single family at 5714 Waterlevel Highway in Cleveland, TN is listed for $595,000 ($437 per sqft). Built in 1968, the home offers 1,363 sqft of living space on a 0.90 acres lot.

Agent Description

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.

Key Features

  • Built in 1968
  • 0.90 acre lot

Property Details

1 story
2 full, 2 half
1968

Amenities

A/CRV Parking

Monthly Cost Estimate

$3,182/mo

20% down · 6.5% · 30 years

Principal$430
Interest$2,578
Insurance$174

Estimates only. Actual payments may vary.

Location

5714 Waterlevel Highway

Cleveland, TN 37323

Features & Amenities

Interior Features

Primary DownstairsHigh Speed InternetBathroom Mirror(s)Ceiling Fan(s)

Exterior Features

Rain Gutters

Property Details

Flooring

EngineeredVinylLaminateCarpet

Construction

Brick

Pool Features

Porch

Parking

GarageRVDriveway

Heating

Electric (Heating)Central

Cooling

Central AirCeiling Fan(s)

Appliances

DishwasherElectric Water HeaterMicrowave

Questions & Answers

This 4-bedroom, 3-bathroom single family at 5714 Waterlevel Highway is listed at $595,000 ($437/sqft). The estimated monthly payment is $2,578 based on 20% down at 6.5% interest.

Key features include: Built in 1968, 0.90 acre lot. Interior Features: Primary Downstairs, High Speed Internet, Bathroom Mirror(s). Exterior Features: Rain Gutters.

This property is listed by Melody Smith and can be reached at 4235950199 or melody@smithteamtn.com.

MS

Melody Smith

Agent at Compass Group Realty, LLC

(423) 595-0199

Listed by Compass Group Realty, LLC · View on Broker Site

MLS# 20261589· Source: listhub· Updated 65 days ago

Copyright © 2026 River Counties Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

5714 Waterlevel Highway, Cleveland, TN 37323

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