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    1104 Shag Rag Rd Cookeville, TN 38506

    Sponsored
    For Sale
    $349,900

    1.5 Acres, Endless Potential, All Utilities

    Property size:
    1,440 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This exceptional 1.5-acre parcel, located at 1104 Shag Rag Road just outside Cookeville city limits, presents a unique investment opportunity. The property boasts 1,440 square feet of existing building space and offers unrestricted zoning, allowing for diverse development options including commercial, industrial, or residential uses. Its prime location within a rapidly expanding commercial district ensures easy access to Cookeville's amenities and a strong potential for high returns. The flat, buildable terrain minimizes site preparation costs and complexities, while the presence of all utilities significantly reduces development time and expenses. This turnkey property is perfectly suited for developers and investors seeking to capitalize on Cookeville's thriving market and robust growth trajectory. The absence of zoning restrictions provides unparalleled flexibility in project design and execution, making this a truly exceptional opportunity to create a high-value asset. The existing structure offers immediate potential for renovation or repurposing, further enhancing the property's appeal and return on investment. This is a rare chance to acquire a large, versatile property in a desirable location with minimal upfront development hurdles. The combination of location, size, and utility access makes this a compelling investment for those seeking significant returns in a dynamic market.

    Property Features for 1104 Shag Rag Rd

    General Information

    Property type
    Mixed-use properties
    Square Feet
    1,440 SF
    Lot Size
    65,340 SF

    Building Details

    Year Built
    1930
    Property Profile Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Wholesale Shop Auto Repair Shop Clothing Store Pharmacy Gym & Fitness Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Cookeville
    County
    Putnam County, TN
    State
    Tennessee
    Longitude
    -85.47779
    Latitude
    36.19081

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    FAQs

    What type of property is this?
    Mixed-use property - 1.5 Acres, Endless Potential, All Utilities
    Where is this mixed-use property located?
    The property is located at 1104 Shag Rag Rd Cookeville, TN.
    What is the asking price?
    The asking price for this property is $349,900.
    (931) 837-7355
    Request Owner's contact information
    1104 Shag Rag Rd Cookeville, TN 38506
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    Cookeville, TN 38506
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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
    1104 Shag Rag Rd Cookeville, TN 38506
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