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    Mine Lick Creek Rd Cookeville, TN 38505

    Sponsored
    For Sale
    $4,000,000

    Prime 6-acre development tract, I-40 access.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional 6-acre property, situated on Mine Lick Creek Road in Cookeville, Tennessee, presents a unique opportunity for commercial and/or residential development. Located conveniently at exit 283 off Interstate 40, this land boasts unparalleled accessibility and visibility. The property is zoned for both commercial and industrial uses, offering flexibility for a wide range of development projects. Detailed information regarding Cookeville's development plans and the 2030 Comprehensive Plan can be found on the Cookeville, TN city website (links provided separately). This prime location offers significant potential for investors seeking to capitalize on Cookeville's growth trajectory. The asking price is $4,000,000. Lease options are available. The property is suitable for a variety of uses given its zoning and location. Serious inquiries are encouraged. This is a rare opportunity to acquire a substantial parcel of land in a thriving Tennessee community. The property's size and zoning make it ideal for large-scale development projects. The convenient Interstate access ensures excellent connectivity and ease of transportation. Don't miss this chance to secure a piece of Cookeville's future.

    Property Features for 0 Mine Lick Creek Rd

    General Information

    Property type
    Land
    Lot Size
    261,360 SF

    HighLights

    • 6‑acre commercial/residential development site in Cookeville, TN.
    • Prime location at I‑40 exit 283, offering high visibility and accessibility.
    • Zoned for commercial and industrial uses, providing development flexibility.
    • $4,000,000 asking price; lease options available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Cookeville
    County
    Putnam
    State
    Tennessee
    Longitude
    -85.5039271
    Latitude
    36.1755178

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    FAQs

    What type of property is this?
    Land - Prime 6-acre development tract, I-40 access.
    Where is this land located?
    The property is located at Mine Lick Creek Rd Cookeville, TN.
    What is the asking price?
    The asking price for this property is $4,000,000.
    What are key features of this property?
    This property features: 6-acre commercial/residential development site in Cookeville, TN.; Prime location at I-40 exit 283, offering high visibility and accessibility.; Zoned for commercial and industrial uses, providing development flexibility.
    Request Owner's contact information
    Mine Lick Creek Rd Cookeville, TN 38505
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    Cookeville, TN 38505
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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
    Mine Lick Creek Rd Cookeville, TN 38505
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