207 and 211 N Riverside Dr 2 Retail Properties Offered at $1,575,166 CAD in Clarksville, TN

Clarksville Riverfront Plaza | Trophy Riverfront Investment | MUST BE SOLD TOGETHER
207 & 211 N Riverside Dr, Clarksville, TN
Total Asking Price: $1,800,000
Positioned directly across from the Cumberland River, this rare two-property portfolio offers a unique opportunity to acquire a premier riverfront commercial asset with immediate income and substantial upside. Located just minutes from Downtown Clarksville and Austin Peay State University, the properties benefit from strong traffic, visibility, and continued growth.
This offering combines stable in-place cash flow with multiple value-add strategies, including lease-up, rent increases, NNN conversion, and approved expansion potential.
Investment Highlights
• Two adjacent riverfront assets – must be sold together
• Strong current income with significant upside potential
• Projected NOI exceeding $250,000 annually
• High-exposure location in a growing commercial corridor
• Includes cash-flowing, landlord-operated business
• Expansion opportunity with city approvals in place
• Ideal for 1031 exchange, private investors, or owner-users
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 (±2,500 SF) is vacant, offering immediate lease-up opportunity.
• Current NOI: ~$96,000/year
• Upside through leasing vacant space and rent adjustments
• Projected NOI: ~$150,000/year
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 through rent increases and NNN conversion
• City-approved ±4,000 SF expansion
• Projected NOI up to ~$180,000/year
Location Advantage
Prime riverfront corridor 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.
This is a rare opportunity to secure a strategic riverfront investment with both immediate cash flow and significant long-term upside.