CG-Zoned Commercial Land
For Sale
$1,275,000
540 Neal Street, Cookeville, TN 38501
LAND - Cookeville, TN
Property SizeContact for details
Lot Size3.70 Acres
Days on Market36
Property Features for 540 Neal Street
General Information
Property type
Land
Property subtype
Other
Lot features
Corner Lot
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
017.00 P/O
Lot size
3.70 Acres
Taxes and HOA fees
Tax Annual Amount
0
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Water source
Public
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# 244732
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 listing offers a 3.7-acre commercial land outparcel available from a larger 19.53-acre tract being offered for the first time. The property is described as being in an Opportunity Zone and positioned for visibility and accessibility, supporting a range of development planning under the current entitlement.
The site is located in one of Cookeville’s fastest-growing commercial corridors. Public remarks indicate it is approximately one-half mile from Exit 287, where traffic counts exceed 41,000 vehicles per day, and that the area benefits from visibility to approximately 16,000 vehicles per day.
Zoned CG (Commercial General), the property is presented as suitable for a wide variety of uses, including medical offices, professional offices, law firms, childcare facilities, automobile service businesses, retail, restaurants, mixed-use developments, and multifamily residential projects. The combination of Opportunity Zone designation, access, and Commercial General zoning is intended to support multiple concept types for developers, users, and investors evaluating sites in Cookeville’s commercial corridor.
The site is located in one of Cookeville’s fastest-growing commercial corridors. Public remarks indicate it is approximately one-half mile from Exit 287, where traffic counts exceed 41,000 vehicles per day, and that the area benefits from visibility to approximately 16,000 vehicles per day.
Zoned CG (Commercial General), the property is presented as suitable for a wide variety of uses, including medical offices, professional offices, law firms, childcare facilities, automobile service businesses, retail, restaurants, mixed-use developments, and multifamily residential projects. The combination of Opportunity Zone designation, access, and Commercial General zoning is intended to support multiple concept types for developers, users, and investors evaluating sites in Cookeville’s commercial corridor.
Key Highlights
- Opportunity Zone commercial outparcel available as a 3.7‑acre parcel from a larger 19.53‑acre tract
- Located in a Cookeville commercial corridor with visibility and access to local and interstate traffic
- Approx. 16,000 vehicles per day within one‑half mile of Exit 287 (traffic counts exceed 41,000 vehicles per day)
Property Analytics
Property Profile
Current Use
Lease Details
16,000 VPD
Traffic count
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 - 3.7-acre outparcel in an Opportunity Zone with strong visibility and CG zoning for diverse commercial and mixed-use development.
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 $1,275,000.
What are key features of this property?
This property features: Opportunity Zone commercial outparcel available as a 3.7‑acre parcel from a larger 19.53‑acre tract; Located in a Cookeville commercial corridor with visibility and access to local and interstate traffic; Approx. 16,000 vehicles per day within one‑half mile of Exit 287 (traffic counts exceed 41,000 vehicles per day)
