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207 & 211 N Riverside Dr 2 biens • Commerce de détail • À vendre 2 559 271 $ CAD • Clarksville, TN
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FAITS SAILLANTS DE L'INVESTISSEMENT
- 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
RÉSUMÉ DE L'ANNONCE
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
FAITS SUR LA PROPRIÉTÉ
| Prix | 2 559 271 $ CAD | Nombre de propriétés | 2 |
| Prix/pi² | 257,45 $ CAD / pi² | Individuellement en vente | 0 |
| Taux de capitalisation | 7,10% | Taille totale du bâtiment | 9 941 pi² |
| Type de vente | Investissement | Superficie totale du terrain | 0,56 AC |
| Statut | Actif |
| Prix | 2 559 271 $ CAD |
| Prix/pi² | 257,45 $ CAD / pi² |
| Taux de capitalisation | 7,10% |
| Type de vente | Investissement |
| Statut | Actif |
| Nombre de propriétés | 2 |
| Individuellement en vente | 0 |
| Taille totale du bâtiment | 9 941 pi² |
| Superficie totale du terrain | 0,56 AC |
PROPRIÉTÉS
| NOM DE LA PROPRIÉTÉ/ADRESSE | TYPE DE PROPRIÉTÉ | TAILLE | ANNÉE DE CONSTRUCTION | PRIX INDIVIDUEL |
|---|---|---|---|---|
| 207 N Riverside Dr, Clarksville, TN 37040 | Commerce de détail | 5 141 pi² | 1965 | - |
| 211 N Riverside Dr, Clarksville, TN 37040 | Commerce de détail | 4 800 pi² | 1967 | - |
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207 & 211 N Riverside Dr
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