Active · MLS#: RTC3097849
$950,000
207 N Riverside Dr
Clarksville, TN 37040
About this home
$1,500,000 – 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 $950,000, and 211 N Riverside Dr, valued at $550,000. 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.
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Property facts
- Bedrooms
- —
- Bathrooms
- —
- Square feet
- —
- Lot acres
- 0.55
- Year built
- 1965
- Garage spaces
- —
- Property type
- Mixed Use
- County
- Montgomery County, TN
Location
Homes nearby
Listed by simpliHOM · MLS#: RTC3097849 · Status: Active
Listings courtesy of RealTracs as distributed by MLS GRID.
Based on information submitted to the MLS GRID as of 8/17/2026, 5:43:00 PM CT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers' personal noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MLS GRID.
