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Property profile & analytics
OFF-MARKET
Commercial real estate

1957 Broad St Cookeville, TN 38501

6 ac lot
Property ID
US80-2272248
Property summary
AI-generated overview

This exceptional 6-acre development site, located at 1957 W Broad St in Cookeville, Tennessee (zip code 38501), presents a remarkable opportunity for multifamily development. Currently zoned CL, this property is fully entitled and ready for construction of an 88-unit multifamily complex. All city utilities, including sewer, are conveniently located on-site. The site enjoys a highly desirable location approximately 5 minutes west of downtown Cookeville, situated on West Broad Street – a major thoroughfare that connects to Highway 70, extending from Monterey to Lebanon. Cookeville is experiencing rapid growth, with significant development concentrated along this western corridor of Broad Street. This strategic positioning, coupled with the existing infrastructure and entitlements, makes this property an ideal investment for developers seeking to capitalize on Cookeville's booming multifamily market. The property's proximity to the rapidly developing city of Baxter further enhances its long-term potential. The asking price for this exceptional opportunity is $1,250,000.

Property profile
Verified
Property type Commercial real estate
Lot 6 ac (261,360 SF)
UPID US80-2272248
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
Current use
Occupant on record · Public records
  • Southern Motel Apartment Complex
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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