For Sale
$1,250,000

1957 Broad St Cookeville, TN 38501

Prime Cookeville location, 88-unit potential.

Overview

Added:
Dec 11, 2024
Days on market:
136
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.

Highlights

  • 6-acre fully entitled 88-unit multifamily development site.
  • Prime location 5 minutes from downtown Cookeville, on West Broad Street, a major thoroughfare connecting to Highway 70.
  • Cookeville's explosive growth is concentrated along this West Broad Street corridor, offering strong long-term potential.
  • On-site city sewer and utilities.

Property Details for 1957 Broad St

Property type
Mixed-use properties, Land
Lot Size (sq. ft)
261,360 SF

Location Insight

City
Cookeville
County
Putnam
State
Tennessee
Latitude
36.177629
Longitude
-85.557898

FAQs

What type of property is this?
Mixed-use property - Prime Cookeville location, 88-unit potential.
Where is the mixed-use property located?
The property is located at 1957 Broad St Cookeville, TN.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 6-acre fully entitled 88-unit multifamily development site.; Prime location 5 minutes from downtown Cookeville, on West Broad Street, a major thoroughfare connecting to Highway 70.; Cookeville's explosive growth is concentrated along this West Broad Street corridor, offering strong long-term potential.
How can I contact the broker?
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1957 Broad St
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