Commercial Land Zoned
For Sale
$3,600,000
669 W Broad St, Cookeville, TN 38501
COMMERCIAL - Cookeville, TN
Property Size14,312 SF
Lot Size11.89 Acres
Price / SF$251.54
Days on Market182
Property Features for 669 W Broad St
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CL
Directions
From PCCH: W Broad to 669 W Broad St
Subdivision
Putnam Co SW, TN
Standard status
Active
APN
24.00
Size
14,312 SF
Lot size
11.89 Acres
Taxes and HOA fees
Tax Annual Amount
3636
Utilities
Utilities
Natural Gas Available
Heating system
Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1958
Floors in Building
1
Building materials
Block, Metal Siding
Roof type
Metal
Listing Agency:
American Way Real Estate
(931) 526-9581
Listed By:
Patricia Huddleston · License #290697
(931) 261-7853
Added: Feb 5
Changed: Aug 4
Last Checked: Aug 6 at 2:06AM
MLS# 238525
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 offering is an 11.89 +- acre commercial land parcel zoned CL. The site has historically been the home of Bob's Body Shop, a local business recognized since the 1950s, and it is currently positioned for a range of commercial development possibilities based on the generous acreage and zoning.
Located at 669 W Broad St in Cookeville within the city limits, the property is described as having high visibility and easy access. City utilities are available to the site.
Zoned CL and sized at nearly 12 acres, this property provides substantial land area in Cookeville for future commercial use. Prospective buyers and development teams can review the site’s existing improvements and zoning fit as part of due diligence.
Located at 669 W Broad St in Cookeville within the city limits, the property is described as having high visibility and easy access. City utilities are available to the site.
Zoned CL and sized at nearly 12 acres, this property provides substantial land area in Cookeville for future commercial use. Prospective buyers and development teams can review the site’s existing improvements and zoning fit as part of due diligence.
Key Highlights
- Prime 11.89 +- acre property in the heart of Cookeville.
- Zoned CL, offering exceptional opportunity for investors and developers.
- High visibility and easy access within city limits.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $329.7k | $23.04 |
| − Vacancy | −$9.9k | −$0.69 |
| EGI | $319.9k | $22.35 |
| − OpEx | −$96.0k | −$6.70 |
| NOI | $223.9k | $15.64 |
14,312 SF · lease $23.04/SF/yr · vacancy 3.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$3.20M
$2.80M – $3.73M
NOI $223,899 @ 7.0% cap · market cap 6.22%
Second Best
Industrial
$1.34M
$1.17M – $1.57M
NOI $93,956 @ 7.0% cap · market cap 2.61%
Theoretical Best
Office A
$5.91M
$5.17M – $6.89M
NOI $413,477 @ 7.0% cap · market cap 11.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,701
Businesses Nearby
Well-served
Demand for This Use
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Carlen Chevrolet — 330 W Spring St, Cookeville, TN 38501
- New Vintage Automotive — 134 Carr Ave, Cookeville, TN 38501
- Carlen Chevrolet Body Shop — 330 w spring st, cookeville, tn 38501
- AAA Muffler + Auto Repair — 542 Hughes St, Cookeville, TN 38501
- Treviños Tires — 540 Hughes St, Cookeville, TN 38501
Frequently Asked Questions
What type of property is this?
Auto shop - 11.89-acre commercial land zoned CL in Cookeville, previously home to Bob's Body Shop.
Where is this auto shop located?
The property is located at 669 W Broad St Cookeville, TN.
What is the asking price?
The asking price for this property is $3,600,000.
What are key features of this property?
This property features: Prime 11.89 +- acre property in the heart of Cookeville.; Zoned CL, offering exceptional opportunity for investors and developers.; High visibility and easy access within city limits.
