Property profile

880 Jefferson Ave Cookeville, TN 38501

OFF-MARKET
Turn key restaurants
Property ID
US80-3424201
5,965 SF 2 ac lot Built 1994
Individually Owned 21-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 6,009-square-foot retail space, formerly a Shoney's restaurant, presents a unique opportunity for a discerning tenant in the thriving Cookeville, Tennessee market. Located at 880 S Jefferson Ave, this single-tenant property boasts a generous 2.36-acre lot, providing ample space for expansion or outdoor amenities. The building offers 6,009 square feet of completely vacant space, ready for immediate occupancy and customization to suit your business needs. With 92 parking spaces available, customer convenience is ensured. The property's location in Putnam County, within the vibrant Cookeville community, offers excellent visibility and accessibility, making it an ideal location for a variety of retail or restaurant concepts. The property is zoned for commercial use and is ready for immediate lease. This is a rare opportunity to secure a substantial and well-situated property in a growing Tennessee market. The ample parking and large lot size provide significant advantages for businesses requiring substantial space and convenient customer access. The property's previous use as a restaurant suggests potential for a similar business, but the versatile layout allows for a wide range of possibilities. Contact us today to learn more about this exceptional leasing opportunity.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1994
Total area 5,965 SF
Lot 2 ac (87,120 SF)
Zoning code C-3
APN 071066 04900
UPID US80-3424201

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

880 Jefferson Ave Cookeville, TN 38501-4031
Cookeville metro Census 600 COOKEVILLE, TN MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$480k
CAP Approach CAP
by Request
Comparable Approach Comparable
$547k
Blend (final) Blend
$480k

Owner & transaction history

since 2005
4 recorded transactions
2005
$1.3M
2003
Price N/A
2002
$1.1M
1997
$1.5M

Zoning & alternative use

C-3 · Cookeville, TN
Top alternative use upside
Retail stores $640,000 +9.7%
Commercial (general) $625,000 +7.0%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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