635 Thompson Crk Ln Cookeville, TN 38506
This exceptional 0.73-acre commercial land parcel is situated at 635 Thompson Creek Ln, Cookeville, TN 38506, offering a unique opportunity for development. Located minutes from Cookeville city limits, Highway 111, and Interstate 40, this property boasts convenient access to major transportation routes. The land is part of a new development, providing a tranquil country setting while remaining close to urban amenities. Utilities are available at the road, though not currently installed on the property. The picturesque Cumberland Plateau location offers proximity to attractions such as Cummings Falls State Park and Tennessee Technological University, as well as Chestnut Hill Winery. This presents a compelling investment opportunity with low taxes. All dwellings constructed on the lot must adhere to specific architectural guidelines, requiring 75% brick or stone exterior. Garage entrances must face the side or rear of the home, unless a variance is granted by the developer, who retains final approval on all building plans. The asking price for this remarkable property is $35,500.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.