Adjoining Retail and Office
207 N Riverside Dr Clarksville, TN 37040
207 N Riverside Dr, Clarksville, TN, 37040
$1,150,000
For Sale
$1,150,000
Two adjoining buildings, including a high-visibility corner lot, are offered together as one investment package.
Property Size9,600 SF
Lot Size0.55 Acres
Price / SF$119.79
Days on Market312
Property Features for 207 N Riverside Dr
General Information
- Standard status
- Active
- Size
- 9,600 SF
- Lot size
- 0.55 Acres
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1965
Listing agency
simpliHOM
(615) 525-6073
Listed by
Maha Hindiyeh
(615) 525-6073
Source
Xome
Added: Sep 14, 2025 Updated: Jul 21 at 7:29PM Checked: Jul 21 at 7:29PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of simpliHOM
Investment Insights
Based on property information with market context.
Prime Riverfront Plaza consisting of two adjoining properties—207 and 211 N Riverside Dr—being sold together as one investment package. The combined parcels total 0.55 acres with approximately 9,600 square feet across two buildings. One of the buildings sits on a high-visibility corner lot.
207 N Riverside Dr features a building with two fully leased spaces, each approximately 2,400 square feet. 211 N Riverside Dr includes a 2,400 square foot 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, creating flexibility for office, studio, or retail use.
Current NOI is reported at $132K–$144K per year (about $11K–$12K per month), with a stated cap rate of 7.1%–7.8% at the asking price. The offering also references a city-approved ±4,000 square foot extension and potential future upside tied to lease-up of the vacant second floor, market rent adjustments, and conversion to NNN leases, projecting NOI to exceed $240K per year (about $20K+ per month).
207 N Riverside Dr features a building with two fully leased spaces, each approximately 2,400 square feet. 211 N Riverside Dr includes a 2,400 square foot 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, creating flexibility for office, studio, or retail use.
Current NOI is reported at $132K–$144K per year (about $11K–$12K per month), with a stated cap rate of 7.1%–7.8% at the asking price. The offering also references a city-approved ±4,000 square foot extension and potential future upside tied to lease-up of the vacant second floor, market rent adjustments, and conversion to NNN leases, projecting NOI to exceed $240K per year (about $20K+ per month).
Key Highlights
- Two adjoining riverfront parcels (207 & 211 N Riverside Dr) sold together as one investment package totaling 0.55 acres
- Approximately 9,600 SF across two buildings, including a high‑visibility corner lot
- 207 N Riverside Dr: two fully leased spaces, each approximately 2,400 SF
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $138.2k | $14.40 |
| − Vacancy | −$7.7k | −$0.81 |
| EGI | $130.5k | $13.59 |
| − OpEx | −$39.1k | −$4.08 |
| NOI | $91.3k | $9.52 |
9,600 SF · lease $14.40/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.30M
$1.14M – $1.52M
NOI $91,349 @ 7.0% cap · market cap 7.94%
Second Best
Office B
$1.26M
$1.10M – $1.47M
NOI $88,128 @ 7.0% cap · market cap 7.66%
Theoretical Best
Office A
$1.61M
$1.41M – $1.88M
NOI $112,804 @ 7.0% cap · market cap 9.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Elite Coating Concepts
Powder Coating Service
American Flowergift
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Two adjoining buildings, including a high-visibility corner lot, are offered together as one investment package.
Where is this retail space located?
The property is located at 207 N Riverside Dr Clarksville, TN.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Two adjoining riverfront parcels (207 & 211 N Riverside Dr) sold together as one investment package totaling 0.55 acres; Approximately 9,600 SF across two buildings, including a high‑visibility corner lot; 207 N Riverside Dr: two fully leased spaces, each approximately 2,400 SF
