207 & 211 N Riverside Dr Retail FOR SALE


Clarksville, TN - Downtown Clarksville
$1,850,000 USD
615-525-6073
, Clarksville, TN for Sale
$1,850,000 USD
Retail - FOR SALE
1/24
null | 7.1% Cap Rate

207 & 211 N Riverside Dr
Clarksville, TN
Downtown Clarksville


HIGHLIGHTS

  • scenic views of the Cumberland River in a thriving commercial corridor.
  • One minute from Austin Peay University
  • Approved 4,000 SF expansion offers major upside potential.
  • One minute from downtown and Austin Peay State University

OVERVIEW

Clarksville Riverfront Plaza – FOR SALE •Zoned Commercial / Mixed Use – PRIME Investment Opportunity •Address: 207 & 211 N Riverside Dr, Clarksville, TN 37040 •Asking Price: $1,850,000 •Current NOI: $132,000 – $144,000/year (~$11K–$12K/month) •Current Cap Rate: 7.1% – 7.8% •Projected NOI: $240,000+/year (~$20K+/month) •Projected Cap Rate: 12%+ •Turnkey Vape Shop Business Included •Seller Financing Available – $1M down, seller will finance balance for 6 months Location Highlights •Prime riverfront commercial plaza in the heart of Clarksville •Minutes to Downtown and Austin Peay State University •Excellent traffic, visibility, and access •Directly across from the Cumberland River •±4,000 SQFT city-approved expansion – major value-add potential Property Overview •Lot Size: ±0.55 Acres •Total Building Size: ±9,600 SQFT •Buildings: 2 207 N Riverside Dr (±4,800 SQFT) •Two 2,400 SQFT units – both fully leased •Tenants: Church and Car Cleaning Service 211 N Riverside Dr (±4,800 SQFT over 2 floors) •Ground Floor: Landlord-operated Vape Shop •$9K+ monthly net profit •Owner receives approx. $8K/month (rent + profit share) •Second Floor: 2,400 SQFT vacant •Separate entrance; ideal for office, retail, or studio Financial Summary •Current NOI: $132K–$144K/year •Projected NOI: $240K+/year •Current Cap Rate: 7.1%–7.8% •Projected Cap Rate: 12%+ •Seller Financing Terms: •$1,000,000 down •Seller will finance remaining balance for 6 months Value-Add Opportunities •Lease the vacant 2nd floor •Convert existing leases to NNN •Execute ±4,000 SQFT approved expansion •Adjust under-market rents to current levels Investment Highlights •Strong in-place income with immediate upside •Includes a cash-flowing, landlord-operated business •Zoned Commercial / Mixed Use for flexibility •Rare riverfront location with development potential •Excellent for 1031 Exchange, private investors, and real estate funds •Flexible seller financing available for qualified buyers

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Maha HindiyehSimpliHOMMore Info
615-525-6073

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Maha HindiyehSimpliHOMMore Info
615-525-6073

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