Commercial Land with 1,000-Foot
For Sale
$2,000,000
540 Neal Street, Cookeville, TN 38501
LAND - Cookeville, TN
Property SizeContact for details
Lot Size19.53 Acres
Days on Market36
Property Features for 540 Neal Street
General Information
Property type
Land
Property subtype
Other
Directions
I - 40 Exit 287 (from I - 40 west) Right on S Jefferson, Right on Neal Street / Interstate Dr, property on right - directly across from Lowes.
Subdivision
Cookeville SE, TN
Standard status
Active
APN
066K A 017.00
Lot size
19.53 Acres
Taxes and HOA fees
Tax Annual Amount
4822
Utilities
Utilities
Natural Gas Available
Listing Agency:
American Way Real Estate
(931) 526-9581
Listed By:
Sarah Caldwell-Davis · License #243281
(931) 252-2949
Added: Jul 2
Changed: Jul 25
Last Checked: Aug 6 at 1:06AM
MLS# 217644
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
This 19.53-acre commercial land offering includes a plat that shows the possibility of dividing the property into up to six lots, subject to applicable approvals. The parcel is listed as being in an Opportunity Zone, and is governed by restrictions referenced in associated documents. City services are available for development planning under the stated zoning.
The property has approximately 1,000 feet of frontage on Neal Street. It is located less than one mile from I-40 at Exit 287 and from the Hwy 111 interchange with daily traffic count cited at 41,000. Lowes is directly across the street, with daily traffic count from Neal Street cited at 16,000, supporting visibility and customer access. The surrounding area is described as a mix of uses, including dealerships and professional offices.
Zoned CG, the site is presented for uses such as retail, hotel, restaurants, or professional offices, subject to the zoning and the restrictions in the associated documents. With frontage and the option for multiple lots shown on the plat, the property may fit developers and operators looking to plan a compatible commercial mix along a high-traffic corridor.
The property has approximately 1,000 feet of frontage on Neal Street. It is located less than one mile from I-40 at Exit 287 and from the Hwy 111 interchange with daily traffic count cited at 41,000. Lowes is directly across the street, with daily traffic count from Neal Street cited at 16,000, supporting visibility and customer access. The surrounding area is described as a mix of uses, including dealerships and professional offices.
Zoned CG, the site is presented for uses such as retail, hotel, restaurants, or professional offices, subject to the zoning and the restrictions in the associated documents. With frontage and the option for multiple lots shown on the plat, the property may fit developers and operators looking to plan a compatible commercial mix along a high-traffic corridor.
Key Highlights
- 1,000 feet of frontage on Neal Street
- Less than 1 mile to I‑40 (Exit 287) and Hwy 111 / interchange with 41
- Near traffic generators: Lowe’s across the street and 41,000 daily traffic count on Hwy 111 / interchange with 41
Property Analytics
Property Profile
Current Use
Lease Details
41,000 VPD
Traffic count
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
557
Businesses Nearby
Explore this area
Business Placement
Demographics for 38501, TN
41,141
Population
19,158
Households
2.1
Avg Household Size
33
Median Age
31%
College-Educated
88%
High-School Grad
87.1 sq mi
ZIP Area
472
Density / Sq Mi
$50,923
Median Household Income
$30,191
Median Earnings
$856
Median Rent
$245,100
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - 19.53-acre commercial site with long Neal Street frontage and public utilities, suitable for retail, lodging, dining, or offices.
Where is this commercial land located?
The property is located at 540 Neal Street 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: 1,000 feet of frontage on Neal Street; Less than 1 mile to I‑40 (Exit 287) and Hwy 111 / interchange with 41; Near traffic generators: Lowe’s across the street and 41,000 daily traffic count on Hwy 111 / interchange with 41
