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    5000 Tennessee Ave Cookeville, TN 38506

    For Sale
    $3,000,000

    Prime 5-acre commercial/industrial lot. Excellent I-40 access.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 5.259-acre parcel of land presents a remarkable opportunity for developers and investors seeking a strategic location in Cookeville, Tennessee. Situated at exit 283 off Interstate 40, this property boasts unparalleled accessibility and visibility, making it ideal for a wide range of commercial and industrial uses. The land is zoned for both commercial and industrial development, offering flexibility for various projects. Its expansive size provides ample space for large-scale construction, while its prime location ensures high visibility and convenient access for employees and customers. The asking price for this exceptional property is $3,000,000. Cookeville's robust economic growth and strategic location within the state make this a particularly attractive investment. Further information on Cookeville's development plans can be found on the city's official website. This property is being offered for sale by owner and represents a unique chance to acquire a significant piece of land in a thriving Tennessee community. The address is 5000 Tennessee Ave, Cookeville, TN 38506, located in Putnam County.

    Property Features for 5000 Tennessee Ave

    General Information

    Property type
    Land
    Lot Size
    229,082 SF

    HighLights

    • 5.259‑acre commercial/industrial parcel in Cookeville, TN.
    • Prime location at I‑40 Exit 283, offering high visibility and accessibility.
    • Zoned for commercial and industrial development.
    • Asking price: $3,000,000.
    • Located at 5000 Tennessee Ave, Cookeville, TN 38506 (Putnam County).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Cookeville
    County
    Putnam
    State
    Tennessee
    Longitude
    -85.580717
    Latitude
    36.13531

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    FAQs

    What type of property is this?
    Land - Prime 5-acre commercial/industrial lot. Excellent I-40 access.
    Where is this land located?
    The property is located at 5000 Tennessee Ave Cookeville, TN.
    What is the asking price?
    The asking price for this property is $3,000,000.
    What are key features of this property?
    This property features: 5.259-acre commercial/industrial parcel in Cookeville, TN.; Prime location at I-40 Exit 283, offering high visibility and accessibility.; Zoned for commercial and industrial development.
    Request Owner's contact information
    5000 Tennessee Ave 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
    5000 Tennessee Ave Cookeville, TN 38506
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