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Property profile & analytics
OFF-MARKET
Land

616 Thompson Crk Ln Cookeville, TN 38506

1.13 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 1.13-acre commercial land parcel is situated at 616 Thompson Creek Ln, Cookeville, TN 38506, in Putnam County. Priced at $35,000, this property offers a unique opportunity for new development. Located minutes from Cookeville city limits, Highway 111, and Interstate 40, it enjoys convenient access to major transportation routes. The land boasts a tranquil country setting, ideal for building a new home or commercial structure. While utilities are not currently installed, they are readily available at the roadside. The development has specific architectural guidelines: all dwellings must have at least 75% brick or stone facing. Garage entrances must face the side or rear of the home, unless a variance is granted by the developer. The property's proximity to Tennessee Technological University, Cumming Falls State Park, Burgess Falls State Park, and Chestnut Hill Winery adds to its appeal. Low taxes further enhance the investment potential. This is a remarkable opportunity to build in a desirable location with convenient access to amenities and attractions.

Property profile
Verified
Property type Land
Lot 1.13 ac (49,223 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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