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207 & 211 N Riverside Dr 2 Retail Properties Offered at $1,850,000 in Clarksville, TN
INVESTMENT HIGHLIGHTS
- scenic views of the Cumberland River in a thriving commercial corridor.
- Approved 4,000 SF expansion offers major upside potential.
- One minute from Austin Peay University
- One minute from downtown and Austin Peay State University
EXECUTIVE SUMMARY
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
•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
PROPERTY FACTS
| Price | $1,850,000 | Number of Properties | 2 |
| Price / SF | $186.10 / SF | Individually For Sale | 0 |
| Cap Rate | 7.10% | Total Building Size | 9,941 SF |
| Sale Type | Investment | Total Land Area | 0.56 AC |
| Status | Active |
| Price | $1,850,000 |
| Price / SF | $186.10 / SF |
| Cap Rate | 7.10% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 9,941 SF |
| Total Land Area | 0.56 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 207 N Riverside Dr, Clarksville, TN 37040 | Retail | 5,141 SF | 1965 | - |
| 211 N Riverside Dr, Clarksville, TN 37040 | Retail | 4,800 SF | 1967 | - |
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207 & 211 N Riverside Dr
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