207 and 211 N Riverside Dr 2 Retail Properties Offered at $1,500,000 in Clarksville, TN

Clarksville Riverfront Plaza | Trophy Riverfront Investment | MUST BE SOLD TOGETHER
207 & 211 N Riverside Dr, Clarksville, TN
TOTAL ASKING PRICE: $1,500,000
Positioned directly across from the Cumberland River, this rare two-property riverfront portfolio offers an exceptional investment opportunity with immediate income and significant upside potential. Located just minutes from Downtown Clarksville and Austin Peay State University, the properties benefit from strong visibility, traffic, and continued area growth.
This offering combines stable in-place cash flow with multiple value-add opportunities, including lease-up, rent increases, NNN conversion, and approved expansion potential.
- Investment Highlights
• Two adjacent riverfront commercial properties – **must be sold together**
• $1,500,000 total asking price**
• Approximately $156,000 current combined NOI**
• Approximately $330,000 projected combined NOI**
• 10.4% current cap rate based on asking price
• Up to 22% projected cap rate based on projected NOI
• Strong current income with substantial upside potential
• High-visibility location in a growing commercial corridor
• Includes cash-flowing, landlord-operated business
• City-approved expansion opportunity
• Ideal for investors, 1031 exchange buyers, or owner-users
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- 211 N Riverside Dr
Approximately 5,000 SF mixed-use building. The ground floor features a successful landlord-operated retail business, while the second floor, approximately 2,500 SF, is vacant and provides an immediate lease-up opportunity.
• Current NOI: ~$96,000/year
• Upside through leasing vacant space and rent adjustments
• Projected NOI: ~$150,000/year
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- 207 N Riverside Dr
Approximately 4,800 SF building on ±0.35 acres, fully leased to established tenants.
• Current NOI: ~$60,000/year
• Value-add opportunity through rent increases and NNN conversion
• City-approved ±4,000 SF expansion
• Projected NOI: **up to ~$180,000/year
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?? Location Advantage
Prime riverfront location directly across from the Cumberland River, with easy access to Downtown Clarksville and Austin Peay State University. The area offers strong visibility, consistent traffic, and long-term growth potential.
• Growing commercial corridor near Downtown Clarksville
• Strong visibility and traffic exposure on N Riverside Dr
• Clarksville continues to experience significant population growth
• Close proximity to Austin Peay State University and Fort Campbell influence
• Diverse customer base including young professionals, military families, college students, and downtown visitors
• Convenient access to Downtown Clarksville and major roads
• Ongoing riverfront and downtown redevelopment
• Surrounded by restaurants, entertainment, retail, and nightlife
• Excellent opportunity for restaurant, bar, retail, mixed-use, office, or entertainment concepts
• Strong long-term investment and development potential
• High-traffic corridor with significant daily vehicle exposure
• Located on Riverside Drive (US Highway 41A), a major commercial route
• Excellent exposure from passing traffic and nearby downtown activity
• NEW PRICE: $1,500,000
• Current NOI: ~$156,000/year
• Projected NOI: Up to ~$330,000/year
• MUST BE SOLD TOGETHER
- A rare opportunity to acquire a riverfront commercial portfolio with strong current income, approved expansion potential, and significant upside in one of Tennessee’s fastest-growing markets.