1. Tennessee
2. Clarksville
3. 207 N Riverside Dr

207 N Riverside Dr, Clarksville, TN 37040

• 9,600 sqft

Property Description

Prime Riverfront Plaza consisting of two adjoining properties – 207 & 211 N Riverside Dr – being sold together as one investment package. Combined, these parcels total 0.55 acres with approximately 9,600 SQFT across two buildings, including one high-visibility corner lot. Located just one minute from Downtown Clarksville and Austin Peay State University, this property benefits from constant traffic and strong tenant demand. 207 N Riverside Dr features a building with two fully leased spaces, each approximately 2,400 SQFT. 211 N Riverside Dr includes a 2,400 SQFT building, with the ground floor leased and the second floor currently vacant. The upper floor has a separate entrance on the side of the building, providing flexibility for office, studio, or retail use. Current NOI is $132K–$144K/year (~$11K–$12K/month), offering a cap rate of 7.1%–7.8% at the asking price. With lease-up of the vacant second floor, market rent adjustments, conversion to NNN leases, and a city-approved ±4,000 SQFT extension, the projected NOI exceeds $240K/year (~$20K+/month), supporting a 12%+ cap rate. This rare offering provides both secure in-place income and substantial upside potential, making it ideal for 1031 exchange buyers, private investors, and investment groups.

Listing Status:

Active

Date Added:

October 2, 2025 at 05:00AM

Listing Office:

simpliHOM : 6155256073

Listing Agent:

Maha Hindiyeh : 6155256073

MLS ID:

3007700

Interior

• A/C: None
• Heating: None

Exterior

• Parking: Parking spaces: 0

Location

• Originating MLS: realtrac
• County: Montgomery CountyTN

Lot

• Zoning: Commercial063066G F 03201 00012066G

Financial

• Source: realtrac

This listing courtesy of Maha Hindiyeh, simpliHOM