TN
Montgomery
Clarksville
37040
211 N Riverside Dr
211 N Riverside Dr, Clarksville, TN 37040
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Listing Type
Commercial/Industrial
Listing Status
Active
29
$650,000

Home Details for 211 N Riverside Dr

Price
$650,000
Type
Commercial Sale
Year built
1965
Lot size acres
0.55
County
Montgomery
Days on site
225
MLS Listing#
3097851
Property Description

$1,700,000 – Prime Riverfront Investment Opportunity! Riverfront Plaza consists of two adjoining commercial properties at 207 & 211 N Riverside Dr, offered exclusively as a portfolio sale. Properties will not be sold separately. The portfolio includes 207 N Riverside Dr, valued at $1,050,000, and 211 N Riverside Dr, valued at $650,000. Situated on approximately 0.55 acres with nearly 9,600 SQFT of building space, this highly visible riverfront investment is located just minutes from Downtown Clarksville and Austin Peay State University. 207 N Riverside Dr features two fully leased commercial spaces totaling approximately 4,800 SQFT. 211 N Riverside Dr offers approximately 4,800 SQFT with a leased ground floor and a vacant second floor featuring a separate exterior entrance, creating additional income potential. Current NOI is approximately $132,000–$144,000 annually, with significant upside through lease-up of the vacant second floor, market rent increases, NNN lease conversions, and a city-approved ±4,000 SQFT expansion. Projected NOI exceeds $240,000 annually. Exceptional opportunity for investors, 1031 exchange buyers, and investment groups seeking immediate cash flow with substantial value-add potential.

Property Features
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  • Heating Information
    • None
Listing Courtesy: simpliHOM - 855-856-9466
Last Updated: 2026-08-17 15:20:19
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