207 and 211 N Riverside Dr 2 Retail Properties Offered at $1,200,000 in Clarksville, TN

Two Prime Commercial Assets | FOR SALE Clarksville,TN Riverfront Plaza |
• 207 N Riverside Dr – $1,200,000
• 211 N Riverside Dr – $700,000
• Can be purchased separately or together

( 211 N Riverside Dr – Clarksville Riverfront Plaza | FOR SALE – $700,000 )
• 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: $700,000
•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 – $1,200,000 )
•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: $1,200,000
•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 – $1,200,000
•211 N Riverside Dr – $700,000