Level land near interstate 40

Vacant Land for Sale
Catylist Listing ID: 30830538
Property Subtypes: Agricultural, Hospitality, Industrial, Mobile Home Park, Multi-Family, Office, Residential (Single Family), Retail, Retail-Pad, Self Storage, Vacation/Resort, Other
Gross Land Area: 44 Acres
Sale Price: $2,200,000
Unit Price: $50,000 Per Acre
In Opportunity Zone? Yes
Adjacent Parcels Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/3/2023

Overview / Comments

This is level to gently rolling acreage, located less than one mile to interstate 40 and, is situated across the street from two major distribution centers. The property, previously used as row crop land, is just two turns away from exit 283 off interstate 40 and is part of the emerging industrial/commercial area of Putnam county. This property has over 1,500' of frontage on Bob Gentry road and 300' of frontage on Bennett road, which has a traffic count of over 4,000 vehicles per day (according to TDOT). Municipal water (6" main line), electric service, and fiber optic internet is available roadside.. With only a 10 minute drive into downtown Cookeville and being just over 1 hour to Nashville or Knoxville, this tract is a great example of why Putnam county is called "The Hub of the Upper Cumberlands". According to the U.S. Census, Cookeville is the eighth fastest growing micropolitan area in the United States so the area is ripe for business, both new, small businesses and large established names. Call office for more information.

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Additional Details

Nearest MSA: Cookeville
County: Putnam
Taxing Authority: Putnum County
Tax ID/APN: 085 013.00
Property Located Between: Bennett Road and Ditty Road
Property Visibility: Excellent
Largest Nearby Street: Bennett Road
Feet of Frontage: 300
Traffic/Vehicle Count: 4,000
Highway Access: Interstate 40, less than one mile
Airports: Upper Cumberland Regional Airport - 11 miles
Site Description: - Level to gently rolling - Majority of acreage is being used as cropland - Isolated wooded areas - Mostly fenced in barbed wire
Area Description: Property is located in a transitioning area of Putnam county, which has no zoning regulations. Acreage tracts have been developed into commercial and industrial properties to service Putnam County Industrial Park and other businesses. Both county and city municipalities are very open and receptive to new businesses coming into the area and want to help in any way they can. Directly across Bob Gentry road is two major distribution centers, one of which was just established in 2022.
Lot Frontage: 1,500'
Lot Depth: 900+'
Zoning Description: Agriculture *Putnam county has no zoning regulations
Topography: Gently Sloping
Soil Type: Mixed
Available Utilities: Electric, Water, Cable, Internet Access
Water Service: Municipal
Sewer Type: None

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 10,053 36,028
Median Age: 39.97 34.22
Households: 3,945 14,352


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