Downtown Cookeville Commercial Investment
54 S Cedar Ave, Cookeville, TN 38501
Prime commercial property with high visibility and income potential.
Property size:
6,509 SFPrice / SF:
$245/SF- Added:
- Mar 6, 2026
- Days on Market:
- 78
- Last Refresh:
- May 21 at 8:45 am
Property Features for 54 S Cedar Ave
General Information
- Standard status
- Active
- Size
- 6,509 SF
Listing agent Sabrina Brazle License #345676 (931) 319-3812
Listing office Provision Realty Group (931) 319-3812
Listing date Mar 6, 2026
Source Exprealty
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Provision Realty Group
HighLights
- Prime downtown location in Cookeville's Central Business District, directly across from Ralph's Donuts.
- High‑traffic corridor with excellent visibility and daily traffic counts ranging from 4,600 to over 23,000 vehicles.
- Immediate cash flow from a long‑term tenant.
- Rare dedicated on‑site parking in the downtown area.
- CBD zoning allows for a wide range of commercial and mixed‑use possibilities.
- 6,509 sqft brick building with kitchen space, lounge area, multiple service areas, and restrooms.
Overview
This 6,509 sqft brick building is a commercial investment opportunity located in downtown Cookeville, in the Central Business District. The property is positioned along a high-traffic corridor and directly across from Ralph's Donuts. It includes dedicated on-site parking. Currently occupied by a long-term tenant, the property offers immediate cash flow with future flexibility. The building includes kitchen space, a lounge area, multiple service areas, and restrooms. Paved parking supports a variety of uses including restaurant, retail, entertainment, or service businesses. CBD zoning allows for a wide range of commercial and mixed-use possibilities. Nearby traffic counts range from approximately 4,600 to over 23,000 vehicles per day, providing strong daily exposure and excellent visibility. This property offers a rare combination of location, exposure, and income.
Financial Insights
Value Estimation Calculated for Retail
Conservative
$1.13M
NOI $101,828 @ 9.00% cap · cautious / downside scenario
Moderate
$1.45M
NOI $101,828 @ 7.00% cap · market / base-case scenario
Aggressive
$2.04M
NOI $101,828 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Retail
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $150.0k | $23.04 |
| − Vacancy | −$4.5k | −$0.69 |
| EGI | $145.5k | $22.35 |
| − OpEx | −$43.6k | −$6.70 |
| NOI | $101.8k | $15.64 |
6,509 SF · lease $23.04/SF/yr · vacancy 3.00% · expense 30.00%
Alternative Use Scenarios
Best Use
Retail
$1.45M
$1.27M – $1.70M
NOI $101,828 @ 7.0% cap · market cap 6.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.69M
$2.35M – $3.13M
NOI $188,047 @ 7.0% cap · market cap 11.75%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
The Swiftwich
Take-out & Catering
West Side Grocery
Grocery & Convenience Store
Similar Places Nearby
- The Power of Flowers — 410 E Spring St suite r, Cookeville, TN 38501
- Gunnels Florist — 104 N Washington Ave, Cookeville, TN 38501
- Towne & Country Flowers — 611 S Willow Ave, Cookeville, TN 38501
- Kroger Floral — 445 S Jefferson Ave, Cookeville, TN 38501
Location Insight
- Map
- Local Demand
- City
- Cookeville
- County
- Putnam
- State
- Tennessee
- Longitude
- -85.5077126
- Latitude
- 36.162551
Nearby Similar for Sale
FAQs
What type of property is this?
Storefront property - Prime commercial property with high visibility and income potential.
Where is this storefront property located?
The property is located at 54 S Cedar Ave Cookeville, TN.
What is the asking price?
The asking price for this property is $1,599,900.
What are key features of this property?
This property features: Prime downtown location in Cookeville's Central Business District, directly across from Ralph's Donuts.; High‑traffic corridor with excellent visibility and daily traffic counts ranging from 4,600 to over 23,000 vehicles.; Immediate cash flow from a long‑term tenant.
