Adjoining Retail and Office
For Sale
$950,000
207 N Riverside Dr, Clarksville, TN 37040
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$98.96
Days on Market247
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
Additional Details
Cap Rate
7.8%
Amenities
3
Building Details
Year Built
1965
Listing Agency:
simpliHOM
(855) 856-9466
Listed By:
Maha Hindiyeh · License #371004
(615) 525-6073
Source:
Xome
Added: Jan 1
Changed: Sep 1
Last Checked: Sep 5 at 4:55AM
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
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,425
Businesses Nearby
16k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 70%
Hotels & Casinos 25%
Home Improvements & Furnishings 5%
Dollar General
Shops & Services
5,209 visits/mo
0.5 miles
DoubleTree by Hilton
Hotels & Casinos
4,059 visits/mo
0.1 miles
Firestone Complete Auto Care
Shops & Services
2,343 visits/mo
0.4 miles
Enterprise Rent-A-Car
Shops & Services
1,908 visits/mo
0.2 miles
Advance Auto Parts
Shops & Services
1,451 visits/mo
0.4 miles
Demographics for 37040, TN
60,382
Population
24,628
Households
2.5
Avg Household Size
31
Median Age
30%
College-Educated
94%
High-School Grad
92.8 sq mi
ZIP Area
651
Density / Sq Mi
$65,331
Median Household Income
$40,621
Median Earnings
$1,177
Median Rent
$242,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
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 $950,000.
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
