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    991 Walnut Ave Cookeville, TN 38501

    Sponsored
    For Sale
    $14,999,900

    45 Acres, Prime Development Site

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 45.42-acre property in Cookeville, Tennessee, presents a remarkable opportunity for commercial and residential development. Located at 991 S Walnut Ave, the land boasts substantial frontage on S Walnut Ave, Fairground St, and Southwood, ensuring high visibility and accessibility. The property is zoned CR/RS10, allowing for flexible development options, including retail centers, office complexes, or mixed-use projects incorporating single-family homes. Its strategic location offers easy access to I-40, enhancing its appeal to businesses and residents alike. The site is adjacent to the Shoppes at Eagle Point, a major regional retail center, further boosting its potential. All utilities are readily available nearby. This prime location, combined with the expansive acreage and flexible zoning, makes this a truly exceptional investment opportunity in a thriving Tennessee community. The property's proximity to Tennessee Tech University and other major employers adds to its long-term value and growth potential. This is a rare chance to acquire a large, strategically located parcel ready for immediate development.

    Property Features for 991 Walnut Ave

    General Information

    Property type
    Land
    Lot Size
    1,978,495 SF

    HighLights

    • 45.42‑acre development site in Cookeville, TN, located at 991 S Walnut Ave.
    • CR/RS10 zoning allows for flexible commercial and residential development.
    • Adjacent to the Shoppes at Eagle Point, a major regional retail center, providing high visibility.
    • Excellent access to I‑40.
    • All utilities are readily available.
    Property Profile 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
    State
    Tennessee
    Longitude
    -85.5144236
    Latitude
    36.1397703

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    FAQs

    What type of property is this?
    Land - 45 Acres, Prime Development Site
    Where is this land 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.
    What are key features of this property?
    This property features: 45.42-acre development site in Cookeville, TN, located at 991 S Walnut Ave.; CR/RS10 zoning allows for flexible commercial and residential development.; Adjacent to the Shoppes at Eagle Point, a major regional retail center, providing high visibility.
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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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