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    1433 Jefferson Ave Cookeville, TN 38506

    For Sale
    $1,200,000

    Prime 2.37-acre commercial lot.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 2.37-acre commercial land parcel presents a remarkable investment opportunity in Cookeville, Tennessee. Located at 1433 S Jefferson Ave, this property boasts a highly desirable location, approximately one mile from Interstate 40, ensuring excellent visibility and accessibility. The site is zoned CG, opening doors to a variety of commercial development possibilities. With a total asking price of $1,200,000, this translates to an attractive price per acre of $506,329. The property's strategic positioning along the busy Jefferson Avenue corridor makes it ideal for businesses seeking high traffic exposure. The four available land parcels offer flexibility for developers looking to create a multi-business complex or a single large-scale development. This prime location, combined with its convenient proximity to Interstate 40 and its favorable zoning, makes this a truly exceptional opportunity for investors seeking significant returns. Serious inquiries are encouraged to explore the potential of this exceptional Cookeville commercial land offering. The property is situated in Putnam County, Tennessee, and has a zip code of 38506. The geographic coordinates are latitude 36.2452673 and longitude -85.5406209.

    Property Features for 1433 Jefferson Ave

    General Information

    Property type
    Land
    Lot Size
    103,237 SF

    HighLights

    • $1,200,000 asking price.
    • 2.37‑acre commercial land parcel.
    • CG zoning.
    • Located at 1433 S Jefferson Ave, Cookeville, TN 38506.
    • Land value: $506,329/acre.
    • Approximately 1 mile from Interstate 40.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Cookeville
    County
    Putnam
    State
    Tennessee
    Longitude
    -85.5406209
    Latitude
    36.2452673

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    FAQs

    What type of property is this?
    Land - Prime 2.37-acre commercial lot.
    Where is this land located?
    The property is located at 1433 Jefferson Ave Cookeville, TN.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: $1,200,000 asking price.; 2.37-acre commercial land parcel.; CG zoning.
    (931) 284-9098
    Request Owner's contact information
    1433 Jefferson 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
    1433 Jefferson Ave Cookeville, TN 38506
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