Clarksville Portfolio of properties for Sale - Montgomery County
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
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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 (±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
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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 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 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.
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• Located in a growing commercial corridor near Downtown Clarksville and the riverfront area
• Strong visibility and traffic exposure on N Riverside Dr
• Clarksville continues to experience rapid population growth
• Median household income approximately $69,303
• Strong household income range between $75K–$100K annually
• Diverse customer base including young professionals, military families, college students, and downtown visitors
• Close proximity to Austin Peay State University and Fort Campbell influence
• Average commute time around 27 minutes supporting daily traffic flow
• Area benefits from ongoing riverfront and downtown redevelopment
• Surrounded by restaurants, entertainment, and nightlife destinations
• Excellent opportunity for restaurant, bar, retail, mixed-use, office, or entertainment concepts
• Strong investment potential in one of Tennessee’s fastest-growing markets
• Convenient access to Downtown Clarksville and major roads
• High growth market with increasing demand for commercial development
• High traffic corridor with constant daily vehicle exposure
• Estimated traffic count in the area ranges approximately between 18,000–25,000 cars per day depending on the exact intersection and season
• Located on Riverside Drive (US Highway 41A), one of the main commercial roads in Downtown Clarksville
• Strong visibility from passing traffic and nearby downtown activity
• Heavy traffic generated from Austin Peay State University, Downtown Clarksville, restaurants, retail, and riverfront attractions
• Excellent exposure for retail, restaurant, entertainment, or mixed-use concepts
