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    991 Walnut Ave Cookeville, TN 38501

    For Sale
    $14,999,900

    Prime Cookeville development land, dual zoning, I-40 access.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    314
    This exceptional 45.42-acre property presents a unique investment opportunity in Cookeville, Tennessee. Boasting frontage on three streets – South Walnut Avenue, Fairground Street, and Southwood Drive – this expansive lot offers unparalleled access and visibility. The property benefits from dual zoning: CR (Commercial Regional) and RS10 (Residential Single-Family), allowing for diverse development options. Its strategic location provides easy access to Interstate 40, ensuring excellent connectivity. All utilities are readily available in the area. The site's adjacency to the Shoppes at Eagle Point, a major regional center featuring prominent retailers such as Publix, Academy Sports, Drakes, Five Guys, Chicken Salad Chick, Cheddar's Scratch Kitchen, Panera Bread, Logan's Roadhouse, and O'Charley's, further enhances its desirability and potential for significant returns. This location offers developers the chance to create a thriving mixed-use development, capitalizing on both commercial and residential demand. The substantial acreage and versatile zoning make this property ideal for a variety of projects, from large-scale commercial ventures to residential subdivisions. Don't miss this chance to acquire a truly exceptional piece of Cookeville real estate.

    Property Features for 991 Walnut Ave

    General Information

    Property type
    Other commercial real estate
    Lot Size
    1,978,495 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Gym & Fitness

    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
    -85.5164
    Latitude
    36.14097

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Cookeville development land, dual zoning, I-40 access.
    Where is this commercial real estate located?
    The property is located at 991 Walnut Ave Cookeville, TN.
    What is the asking price?
    The asking price for this property is $14,999,900.
    (615) 778-1818
    Request Owner's contact information
    991 Walnut Ave 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
    991 Walnut Ave Cookeville, TN 38501
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