For Sale
$1,299,999

31 Broad StCookeville, TN 38501

Historic Westside, High-Cap Rate, Vacant

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional mixed-use property, located at 31 W Broad St in Cookeville, Tennessee, presents a compelling investment opportunity. Priced at $1,299,999, this 4,500 square foot building boasts an impressive 8.00% cap rate. Currently vacant, the property offers significant upside potential for a savvy investor or business owner. Situated on Cookeville's Historic West Side, the building enjoys high visibility and is surrounded by thriving businesses. The interior features a unique blend of exposed brick and hardwood flooring, creating a character-rich space ideal for a variety of uses. Beyond the main level, a spacious basement provides ample storage. Additional amenities include two bathrooms and a full kitchen/break area. The building's prime location, combined with its attractive features and strong potential for rental income, makes this a rare find in the Cookeville commercial real estate market. The property's 4,500 square feet offers considerable flexibility for various business applications, ensuring a strong return on investment for years to come. The building's prominent storefront ensures excellent visibility and accessibility for potential customers. With its blend of historical charm and modern functionality, this property is poised for immediate success. Don't miss this chance to acquire a highly desirable commercial property in a vibrant and growing Tennessee community. The zip code is 38501.

Highlights

  • $1,299,999 asking price.
  • 4,500 square foot mixed-use building (office and retail).
  • 8.00% cap rate.
  • Currently vacant.
  • Located at 31 W Broad St, Cookeville, TN 38501.

Property Details for 31 Broad St

Property type
Retail properties, Office properties
Square Feet
4,500 SF

Location Insight

City
Cookeville
County
Putnam
State
Tennessee
Latitude
36.1641767
Longitude
-85.5068853
31 Broad St, Cookeville, Tennessee

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31 Broad St
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