125 Franklin St - Storefront Retail/Residential FOR SALE


Clarksville, TN 37040- Downtown Clarksville
$1,789,000 USD
615-973-5373
125 Franklin St, Clarksville, TN for Sale
$1,789,000 USD
Storefront Retail/Residential - FOR SALE
1/46
null | 7.25% Cap Rate

125 Franklin St
Clarksville, TN 37040
Downtown Clarksville


HIGHLIGHTS

  • Mixed use asset in downtown Clarksville with both commercial and residential income
  • Fully built out restaurant space in place with bar and high capacity layout
  • Additional storefront along Strawberry Alley provides second commercial revenue stream
  • Four fully furnished residential units with in place cash flow
  • Diversified income stream reduces reliance on any single tenant type
  • Located in the core of downtown with strong foot traffic and visibility

OVERVIEW

Link to Deal Room and Financials: https://www.marcusmillichap.com/properties/302912/strawberry-alley-lofts Marcus & Millichap has been selected to exclusively market the Strawberry Alley Lofts in downtown Clarksville, TN. This offering provides investors the opportunity to acquire a rare value-add mixed-use asset in one of Tennessee’s fastest-growing cities. 125 Franklin Street is a mixed-use property located in the core of downtown Clarksville, combining stabilized residential income with commercial upside. The asset features a fully built-out restaurant space, an additional storefront along Strawberry Alley, and four leased residential units, providing diversified and immediate cash flow. Its prime downtown location benefits from strong foot traffic and proximity to Austin Peay State University and F&M Bank Arena. The property offers a clear opportunity to enhance income through commercial leasing and continued rent growth in one of the city’s most active corridors. Offers should be presented in the form of a non-binding Letter of Intent, spelling out the significant terms and conditions of the Purchaser’s offer including, but not limited to: 1) asset pricing, 2) due diligence and closing time frame, 3) earnest money deposit, 4) a description of the debt/equity structure, and 5) qualification to close. The purchase terms shall require all cash to be paid at closing. At no point should tenants or staff be contacted regarding the sale of the Strawberry Alley Lofts.

FOR SALE DETAILS

PRICE

$1,789,000 USD

PRICE/SF

$187 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Strawberry Alley Lofts

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,575 SF

ZONING

CBD

APN/PARCEL ID

066G-G-017.00

ASK ABOUT THIS PROPERTY

Patrick CosgroveMarcus & MillichapMore Info
615-973-5373

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

Patrick CosgroveMarcus & MillichapMore Info
615-973-5373

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