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    1983 Madison St Clarksville, TN 37043

    For Lease
    $2 SF/Yr ($4,200 /Mo)

    Prime Commercial Land, High Traffic

    Lot size:
    20,000 SF

    Description

    Added:
    Feb 13, 2025
    Days on Market:
    306
    This exceptional 0.46-acre commercial land parcel, located at 1983 Madison Street in Montgomery County, presents a unique investment opportunity. Currently zoned C-5 Highway and Arterial Commercial District, this property boasts a significant 20,000 square feet of land area, ideal for new construction. The existing building on the site is slated for demolition, making this a blank canvas for a wide range of commercial developments. The property is offered as a ground lease only. Its strategic location on a major retail corridor ensures high visibility and accessibility. Benefit from the substantial daily traffic volume, with an average daily traffic count (ADT) of 23,917 vehicles. The property's proximity to a 24-hour Walgreens further enhances its desirability and potential for attracting a diverse clientele. This prime location offers unparalleled potential for businesses seeking high exposure and convenient access for customers. The C-5 zoning allows for a variety of commercial uses, providing flexibility for developers to tailor their projects to meet specific market demands. This is a rare opportunity to acquire a significant commercial land parcel in a thriving retail area with exceptional visibility and high traffic counts. Seize this chance to build your vision in a prime Montgomery County location.

    Property Features for 1983 Madison St

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    20,000 SF
    Total Rate
    4200

    Unit(s) available at that property

    Space
    Available Space
    Size
    20,000 SF
    Rate per SF
    $2

    HighLights

    • Ground lease opportunity; existing building to be demolished.
    • C‑5 Highway and Arterial Commercial District zoning.
    • Prime Madison Street retail corridor location.
    • Across the street from a 24‑hour Walgreens.
    • High traffic count: 23,917 cars per day.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Clarksville Women's Club- ... Club

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Clarksville
    County
    Montgomery
    State
    Tennessee
    Longitude
    -87.29461248
    Latitude
    36.51361235

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    FAQs

    What type of property is this?
    Land - Prime Commercial Land, High Traffic
    Where is this land located?
    The property is located at 1983 Madison St Clarksville, TN.
    What is the lease rate?
    The lease rate is $2 SF/Yr.
    What are key features of this property?
    This property features: Ground lease opportunity; existing building to be demolished.; C-5 Highway and Arterial Commercial District zoning.; Prime Madison Street retail corridor location.
    Request Owner's contact information
    1983 Madison St Clarksville, TN 37043
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    Clarksville, TN 37043
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1983 Madison St Clarksville, TN 37043
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