Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    540 Neal St Cookeville, TN 38501

    For Sale
    $2,000,000

    COMMERCIAL - Cookeville, TN

    Lot size:
    19.53 Acres
    Days on Market:
    89
    Last Refresh:
    Dec 7 at 5:06 pm

    Property Features for 540 Neal St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    CG
    APN
    066K A 017.00
    Lot size
    19.53 Acres

    Utilities

    Utilities
    Natural Gas Available

    American Way Real Estate (931) 526-9581

    Listing agent Sarah Caldwell-Davis (931) 252-2949

    Listing date Sep 10, 2025

    Copyright © 2025 Upper Cumberland 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.

    Overview

    Cookeville Commercial Land For Sale

    This 19.53-acre commercial land is located in Cookeville, TN. The property has 1,000 feet of frontage on Neal Street and is less than 1 mile from I-40, Exit 287, and Hwy 111 Interchange, with a daily traffic count of 41,000. The location is suitable for retail, hotel, restaurants, or professional offices. Lowe's is directly across the street, generating a daily traffic count of 16,000 from Neal Street. The area features a mix of uses, including Nissan and Honda dealerships, as well as professional offices. All city services are available. The zoning is CG, with restrictions detailed in associated documents. A plat shows the possibility of dividing the property into 6 lots.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cookeville
    County
    Putnam
    State
    Tennessee
    Longitude
    -85.491617
    Latitude
    36.137787

    Nearby Similar for Sale

    • $1,200,000
      5,246 SF

      Spacious Updated Commercial Property

      One-level, 10-bed, 6-bath property with modern updates and accessibility.
      570 State St, Cookeville, TN 38501
      View Details
    • $2,500,000
      7,740 SF

      Cookeville Commercial Real Estate Opportunity

      Commercial property near Cookeville Regional Hospital with renovation and high visibility.
      404 N Willow Ave, Cookeville, TN 38501
      View Details
    • $739,000
      2,778 SF

      Cookeville Commercial Building For Sale

      2,778 sqft commercial building on 0.49 acres in Cookeville.
      520 E 10Th St, Cookeville, TN 38501
      View Details
    • $544,900
      3,249 SF

      Cookeville Triplex Near TTU

      Income-producing triplex near TTU, shopping, and downtown Cookeville.
      641 N Dixie Ave, Cookeville, TN 38501
      View Details
    • $1,500,000
      17,110 SF

      Prime Commercial Property in Cookeville

      17,000+ sq ft commercial property in a desirable location.
      215 S Jefferson Ave, Cookeville, TN 38501
      View Details
    • $399,929
      Pending

      Cookeville Duplex with Modern Amenities

      New duplex in Cookeville with modern features and rental potential.
      136&138 Boatman St, Cookeville, TN 38501
      View Details

    FAQs

    What type of property is this?
    Commercial land - 19.53 acres of commercial land in a prime location.
    Where is this commercial land located?
    The property is located at 540 Neal St Cookeville, TN.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: - Excellent location with **1,000 feet of frontage on Neal Street.**; - High traffic count: 41,000 daily near I-40/Hwy 111 interchange and 16,000 on Neal Street.; - Less than 1 mile from I-40 (Exit 287) and Hwy 111 interchange.
    (931) 252-2949
    Request Owner's contact information
    540 Neal St Cookeville, TN 38501
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    540 Neal St
    Cookeville, TN 38501
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    540 Neal St Cookeville, TN 38501
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.