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125 Franklin St
Clarksville, TN 37040
Strawberry Alley Lofts · Retail Property For Sale
Investment Highlights
- Mixed use asset in downtown Clarksville with both commercial and residential income
- Additional storefront along Strawberry Alley provides second commercial revenue stream
- Diversified income stream reduces reliance on any single tenant type
- Fully built out restaurant space in place with bar and high capacity layout
- Four fully furnished residential units with in place cash flow
- Located in the core of downtown with strong foot traffic and visibility
Executive Summary
Marcus & Millichap has been selected to exclusively market the Strawberry Alley Lofts in downtown Clarksville, TN. This offering provides investors the opportunity to acquire a rare value-add mixed-use asset in one of Tennessee’s fastest-growing cities.
125 Franklin Street is a mixed-use property located in the core of downtown Clarksville, combining stabilized residential income with commercial upside. The asset features a fully built-out restaurant space, an additional storefront along Strawberry Alley, and four leased residential units, providing diversified and immediate cash flow. Its prime downtown location benefits from strong foot traffic and proximity to Austin Peay State University and F&M Bank Arena. The property offers a clear opportunity to enhance income through commercial leasing and continued rent growth in one of the city’s most active corridors.
Offers should be presented in the form of a non-binding Letter of Intent, spelling out the significant terms and conditions of the Purchaser’s offer including, but not limited to: 1) asset pricing, 2) due diligence and closing time frame, 3) earnest money deposit, 4) a description of the debt/equity structure, and 5) qualification to close. The purchase terms shall require all cash to be paid at closing.
At no point should tenants or staff be contacted regarding the sale of the Strawberry Alley Lofts.
125 Franklin Street is a mixed-use property located in the core of downtown Clarksville, combining stabilized residential income with commercial upside. The asset features a fully built-out restaurant space, an additional storefront along Strawberry Alley, and four leased residential units, providing diversified and immediate cash flow. Its prime downtown location benefits from strong foot traffic and proximity to Austin Peay State University and F&M Bank Arena. The property offers a clear opportunity to enhance income through commercial leasing and continued rent growth in one of the city’s most active corridors.
Offers should be presented in the form of a non-binding Letter of Intent, spelling out the significant terms and conditions of the Purchaser’s offer including, but not limited to: 1) asset pricing, 2) due diligence and closing time frame, 3) earnest money deposit, 4) a description of the debt/equity structure, and 5) qualification to close. The purchase terms shall require all cash to be paid at closing.
At no point should tenants or staff be contacted regarding the sale of the Strawberry Alley Lofts.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
9,575 SF
Building Class
C
Year Built
1900
Price
$2,759,686 CAD
Price Per SF
$288.22 CAD
Cap Rate
6.53%
NOI
$180,300 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
3.14
Lot Size
0.07 AC
Opportunity Zone
Yes
Parking
3 Spaces (0.31 Spaces per 1,000 SF Leased)
Frontage
Property Taxes
| Parcel Number | 066G-G-017.00 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $413,744 CAD |
Property Taxes
Parcel Number
066G-G-017.00
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$413,744 CAD
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