For Sale
$1,500,000

540 Neal StCookeville, TN 38501

High-traffic location, 19.53 acres, development potential.

Overview

Added:
Feb 3
Days on market:
60
This exceptional 19.53-acre mixed-use property in Cookeville, Tennessee presents a unique investment opportunity. Boasting 1,000 feet of frontage on Neal Street, this strategically located parcel enjoys high visibility and accessibility. Its proximity to Interstate 40 (Exit 287) and the Highway 111/41 interchange ensures significant daily traffic exposure, with a combined count exceeding 41,000 vehicles. The property sits directly across from a Lowe's home improvement store, further enhancing its visibility and attracting a substantial daily traffic flow of approximately 16,000 vehicles from Neal Street alone. The surrounding area features a vibrant mix of businesses, including Nissan and Honda dealerships, and a variety of professional offices, creating a thriving commercial environment. All city services are readily available. The property is zoned CG, with specific restrictions detailed in the associated documents. A preliminary plat indicates the potential for subdivision into as many as six separate lots, offering flexibility for various development scenarios. This prime location is ideal for a diverse range of uses, including retail establishments, hotels, restaurants, or professional office complexes. The substantial acreage and high traffic counts make this a compelling investment prospect with significant upside potential.

Property Details for 540 Neal St

Property type
Mixed-use properties
Lot Size (sq. ft)
850,727 SF

Location Insight

City
Cookeville
County
Putnam County, TN
State
Tennessee
Latitude
36.13779
Longitude
-85.49163
540 Neal St, Cookeville, Tennessee

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540 Neal St
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