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    540 Neal St Cookeville, TN 38501

    Sponsored
    For Sale
    $2,000,000

    LAND - Cookeville, TN

    Lot size:
    19.53 Acres
    Days on Market:
    119
    Last Refresh:
    Jan 6 at 6:06 pm

    Property Features for 540 Neal St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    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

    Prime Land in Cookeville, TN

    This 19.53-acre commercial land is located in Cookeville, TN. The property features 1,000 feet of frontage on Neal Street, offering excellent visibility. Its location is less than 1 mile from I-40 (Exit 287) and the Hwy 111 interchange, benefiting from a high daily traffic count of 41,000 vehicles. The site is directly across the street from Lowe's, which generates a daily traffic count of 16,000 on Neal Street. The surrounding area features a mix of uses, including Nissan and Honda dealerships, as well as professional offices. All city services are available to the property. Zoned CG, the land is suitable for retail, hotel, restaurants, or professional offices. A plat is available showing 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

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    FAQs

    What type of property is this?
    Commercial land - 19.53 acres with high traffic, ideal for development.
    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) 526-9581
    Request Owner's contact information
    540 Neal St Cookeville, TN 38501
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    Cookeville, TN 38501
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    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
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