207 N Riverside Dr, Clarksville, TN 37040
207 N Riverside Dr, Clarksville, TN 37040
207 N Riverside Dr, Clarksville, TN 37040
29
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Listed by Maha Hindiyeh • simpliHOM
$950,000
Est. payment /mo
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9,600 SqFt
Active

207 N Riverside Dr Clarksville, TN 37040

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MK Hughes

MK Hughes

+1(615) 788-1932

UPDATED:

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 9,600 sqft

Price per Sqft $98

MLS Listing ID 3097849

Year Built 1965

Lot Size 0.550 Acres

Acres 0.55

Property Sub-Type Mixed Use

Property Description

$1,500,000 – Prime Riverfront Investment Opportunity! Riverfront Plaza consists of two adjoining commercial properties at 207 & 211 N Riverside Dr, offered exclusively as a portfolio sale. Properties will not be sold separately. The portfolio includes 207 N Riverside Dr, valued at $950,000, and 211 N Riverside Dr, valued at $550,000.

Situated on approximately 0.55 acres with nearly 9,600 SQFT of building space, this highly visible riverfront investment is located just minutes from Downtown Clarksville and Austin Peay State University.

207 N Riverside Dr features two fully leased commercial spaces totaling approximately 4,800 SQFT. 211 N Riverside Dr offers approximately 4,800 SQFT with a leased ground floor and a vacant second floor featuring a separate exterior entrance, creating additional income potential.

Current NOI is approximately $132,000–$144,000 annually, with significant upside through lease-up of the vacant second floor, market rent increases, NNN lease conversions, and a city-approved ±4,000 SQFT expansion. Projected NOI exceeds $240,000 annually.

Exceptional opportunity for investors, 1031 exchange buyers, and investment groups seeking immediate cash flow with substantial value-add potential.

Location

State TN

County Montgomery County

Zoning Commercial

Interior

Fireplace N

Others

Special Listing Condition Standard

RealTracs IDX
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MK Hughes

MK Hughes

Agent License ID: 341737

+1(615) 788-1932

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207 N Riverside Dr