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991 Walnut Ave - 991 S Walnut Ave. 45.4ac Development Site

45.42 Acres of Commercial Land Offered at $14,999,900 in Cookeville, TN 38501

Investment Highlights

  • 45.42ac For Commercial and Residential Development
  • Road Frontage on Three Sides
  • Easy Access To I40
  • Utilities to site
  • Zoned CR/RS10

Executive Summary

Lot Size: 45.42 acres
Zoning: The property has a dual zoning:
CR (Commercial Regional):
RS10 (Residential Single-Family): Primarily for single-family homes.
Utilities: All utilities are readily available in the vicinity.
Investment Highlights:
Commercial and Residential Development: The property offers an unprecedented opportunity for both commercial and residential development.
Road Frontage on Three Sides: With substantial frontage on S Walnut Ave, Fairground St, and Southwood.
Easy Access to I-40: Convenient access to the interstate.
Trade Area Facts:
Cookeville, Tennessee, is home to several colleges and universities, including Tennessee Tech University.
The area is known for its outdoor amenities, attracting hikers, cavers, bikers, climbers, and horseback riders.
Top employers include Cookeville Regional Medical Center, Tennessee Tech University, Putnam County Board of Education, and Averitt Express.
This 45.42-acre parcel presents an exciting canvas for commercial ventures and residential projects. With its strategic location and available utilities, it’s a prime piece of real estate in the heart of Cookeville.

Property Facts

Price $14,999,900
Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Power Center
  • Regional Mall
  • Retail Warehouse
Total Lot Size 45.42 AC
Opportunity Zone Yes

1 Lot Available

Lot

Price $14,999,900
Price Per AC $330,249
Lot Size 45.42 AC

This 45.42ac lot is uniquely situated in the heart of Cookeville and offers an unprecedented opportunity for commercial development. With substantial frontage on S Walnut Ave., Fairground St. and Southwood. All utilities close by.

zoning

Zoning Code CR/RS10 (Regional Commercial and residential development)
CR/RS10 (Regional Commercial and residential development)
  • Listing ID: 31232724

  • Date on Market: 3/15/2024

  • Last Updated:

  • Address: 991 Walnut Ave, Cookeville, TN 38501

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