1221 S Willow Ave - Office/Residential FOR SALE


Cookeville, TN 38506
$5,700,000 USD
931-265-3100
1221 S Willow Ave, Cookeville, TN for Sale
$5,700,000 USD
Office/Residential - FOR SALE
1/43
null | Request Cap Rate

1221 S Willow Ave
Cookeville, TN 38506


HIGHLIGHTS

  • The subject property totals 1.38 surveyed acres
  • Zoned Commercial-Industrial to accommodate compatible commercial uses
  • Average annual daily traffic counts exceed 14,795 vehicles per day
  • The site provides 60 parking spaces
  • Improvements were constructed to allow for vertical expansion
  • Located less than half a mile from Interstate 40

OVERVIEW

The subject property totals 1.38+/- acres offering multiple road frontages with 163+/- feet of frontage along South Willow Avenue and 276+/-feet of frontage along Gould Drive. South Willow Avenue is a major north/south arterial. AADT counts in excess of 14,795 vpd to the site. The property has a Commercial-Industrial Mixed use (CI) zoning designation which provides for an array of allowed uses to include office, retail, entertainment, some medical and light industrial uses. The site further provides 60 parking spaces along with 14,450sf of nicely appointed office space . The improvements were constructed to allow for vertical expansion with the addition of a 3rd level. The site is just south of the new Target and Home Depot and provides direct access to Interstate 40 being less than ½ mile south of I-40 at Exit 286. New gutters and roof, landscaping, complete exterior repainting, parking lot resurfacing, sealing and striping in 2025. Utilities to site. Cookeville is in the Top 10 fastest growing micropolitan markets in the nation and is located approximately 1.5 hours west of Knoxville, 1.5 hours east of Nashville and 1.5 hours north of Chattanooga.

FOR SALE DETAILS

PRICE

$5,700,000 USD

PRICE/SF

$304 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

60

LAND DETAILS

LAND ACRES

1.3 AC

LAND SF

56,522 SF

ZONING

CI

APN/PARCEL ID

065-102.11

ASK ABOUT THIS PROPERTY

Mark BradyHighlands Elite Real Estate CommercialMore Info
931-265-3100

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Mark BradyHighlands Elite Real Estate CommercialMore Info
931-265-3100

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.