207 and 211 N Riverside Dr Retail FOR SALE


Clarksville, TN - Downtown Clarksville
$1,150,000 USD
615-525-6073
, Clarksville, TN for Sale
$1,150,000 USD
Retail - FOR SALE
1/45
null | 11.74% Cap Rate

207 and 211 N Riverside Dr
Clarksville, TN
Downtown Clarksville


HIGHLIGHTS

  • •Prime location across from the Cumberland River
  • •Minutes to Downtown Clarksville and Austin Peay State University
  • •City-approved ±4,000 SF expansion potential
  • •Ideal for 1031 exchange and private investors
  • •Commercial / Mixed-Use zoning
  • •Strong in-place income with value-add upside

OVERVIEW

Two Prime Commercial Assets | FOR SALE Clarksville,TN Riverfront Plaza | • 207 N Riverside Dr – $1,150,000 • 211 N Riverside Dr – $650,000 • Can be purchased separately or together ( 211 N Riverside Dr – Clarksville Riverfront Plaza | FOR SALE – $650,000 ) • High-yield riverfront commercial / mixed-use investment directly across from the Cumberland River • Minutes from Downtown Clarksville and Austin Peay State University • Strong in-place income with landlord-operated turnkey business and clear upside Investment Overview •Address: 211 N Riverside Dr, Clarksville, TN 37040 •Zoning: Commercial / Mixed Use •Asking Price: $650,000 •Current NOI: $96,000/year •Current Cap Rate: ~13.7% Projected Financials – Rent Optimization Scenario •Ground Floor: 2,500 SF × $20/SF = $50,000/year •Second Floor (Vacant): 2,500 SF × $16/SF = $40,000/year •Total Projected Base Rent: $90,000/year •Vape Shop Business Income (Landlord Share): $5,000/month = $60,000/year •Projected Total NOI: $150,000/year •Projected Cap Rate: ~21.4% at asking price (assumes lease-up and rent normalization; excludes future expansion income) Property Details •Total Building Size: ±5,000 SF •Two-story commercial building •Ground Floor: Landlord-operated turnkey vape shop with strong street exposure and consistent traffic •Second Floor: ±2,500 SF vacant with private entrance; ideal for office, retail, studio, or professional use Location Highlights •Prime riverfront commercial corridor •Directly across from the Cumberland River •Minutes to Downtown Clarksville •Minutes to Austin Peay State University •Excellent traffic, visibility, and access Value-Add Opportunities •Adjust ground-floor rent to market ($20/SF) •Lease vacant upper level •Convert leases to NNN Seller Financing •Available only if purchased with 207 N Riverside Dr •$1,000,000 down •Seller will finance remaining balance for 6 months ( 207 N Riverside Dr – Clarksville Riverfront Plaza | FOR SALE – $1,150,000 ) •Prime riverfront commercial investment with strong in-place income and significant upside •Located minutes from Downtown Clarksville and Austin Peay State University Investment Overview •Address: 207 N Riverside Dr, Clarksville, TN 37040 •Zoning: Commercial / Mixed Use •Asking Price: $1,150,000 •Current NOI: $60,000/year •Current Cap Rate: ~5% Projected Financials •Projected NOI: $100,000+/year with rent adjustment and NNN conversion •Projected Cap Rate: 8%+ •With city-approved ±4,000 SF expansion: •Projected NOI: ~$180,000/year ($100,000+ existing + $80,000 expansion) •Projected Cap Rate: ~14.7% Property Overview •Lot Size: ±0.35 acres •Total Building Size: ±4,800 SF •Two ±2,400 SF units – fully leased •Tenants: Church and Car Cleaning Service Location Highlights •Prime riverfront commercial plaza •Directly across from the Cumberland River •Minutes to Downtown Clarksville and Austin Peay State University •Excellent traffic, visibility, and access Value-Add Opportunities •Convert existing leases to NNN •Adjust under-market rents to $20–$25/SF •Execute city-approved ±4,000 SF expansion Seller Financing (If Purchased with 211 N Riverside Dr) •$1,000,000 down •Seller will finance remaining balance for 6 months Investment Highlights •Properties may be sold separately or together •Strong in-place income with immediate upside •Includes a cash-flowing landlord-operated business •Commercial / Mixed-Use zoning •Rare riverfront location with appreciation potential •Ideal for 1031 exchange buyers, private investors, and investment groups •Flexible seller financing available for qualified buyers Pricing Summary •207 N Riverside Dr – $1,150,000 •211 N Riverside Dr – $650,000

ASK ABOUT THIS PROPERTY

Maha HindiyehSimpliHOMMore Info
615-525-6073

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

Maha HindiyehSimpliHOMMore Info
615-525-6073

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