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    Tennessee Ave Cookeville, TN 38506

    Sponsored
    For Sale
    $1,705,000

    3.1-acre commercial/industrial lot, prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 3.1-acre parcel of land presents a unique investment opportunity in Cookeville, Tennessee. Located at 5199 Tennessee Avenue, this property boasts a prime location near exit 283 off Interstate 40, offering excellent accessibility and visibility. The land is zoned for both commercial and industrial uses, providing flexibility for a wide range of development projects. With a total asking price of $1,705,000, this translates to a price per acre of $400,000, reflecting the high demand for land in this rapidly growing area. The property's size and zoning make it ideal for various ventures, from light industrial facilities to commercial buildings. Cookeville's robust economic development plans, detailed in the city's Development Plan and 2030 Comprehensive Plan, further underscore the potential for significant return on investment. This is a rare chance to acquire a substantial land holding in a thriving Tennessee community with excellent infrastructure and a promising future. The property is offered for sale by owner. Serious inquiries only.

    Property Features for 0 Tennessee Ave

    General Information

    Property type
    Land
    Lot Size
    135,036 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Cookeville
    County
    Putnam
    State
    Tennessee
    Longitude
    -85.5712921
    Latitude
    36.1513456

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    FAQs

    What type of property is this?
    Land - 3.1-acre commercial/industrial lot, prime location.
    Where is this land located?
    The property is located at Tennessee Ave Cookeville, TN.
    What is the asking price?
    The asking price for this property is $1,705,000.
    Request Owner's contact information
    Tennessee Ave 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
    Tennessee Ave Cookeville, TN 38506
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