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9,600 sqft

$550,000

211 N Riverside Dr, Clarksville TN, 37040

Price per sqft$57.29
Built in1965
Property size9,600 sqft
Property typeCommercial
Courtesy of simpliHOM, Maha Hindiyeh Listing Contact: 6155256073

Overview

Active

Listed Jan 15, 2026

Updated Aug 17

$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.

Listings courtesy of Middle Tennessee Regional Multiple Listing Service as distributed by MLS GRID

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Aaron C. Lovett shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Properties displayed may be listed or sold by various participants in the MLS.

Based on information submitted to the MLS GRID as of 10:48 PM UTC on 8/17/2026. 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.

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