For Sale
$1,299,999

31 Broad St Cookeville, TN 38501

Historic Westside, High-Cap Rate, Vacant

Overview

Added:
Dec 11, 2024
Days on market:
137
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

FAQs

What type of property is this?
Retail property - Historic Westside, High-Cap Rate, Vacant
Where is the retail property located?
The property is located at 31 Broad St Cookeville, TN.
What is the asking price?
The asking price for this property is $1,299,999.
What are key features of this property?
This property features: $1,299,999 asking price.; 4,500 square foot mixed-use building (office and retail).; 8.00% cap rate.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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31 Broad St
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