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    820 Commerce St Clarksville, TN 37040

    Sponsored
    For Sale
    Contact for pricing

    1.1M SF, 9.77 acres, CBD zoning

    Property size:
    1,100,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional redevelopment opportunity encompasses a substantial 1,100,000 square foot mixed-use property situated on a 9.77-acre lot in Clarksville, Tennessee's thriving Central Business District (CBD). The property, zoned for mixed-use development, presents a unique chance to capitalize on Clarksville's explosive growth. The area boasts strong economic indicators, including a $5 billion capital investment over the past two decades, a 7,500-job increase since 2000, and significant population and household growth exceeding 15% and 11% respectively in just five years. Tourism is also a major driver, generating $371 million in visitor spending in 2022. The presence of over 11,000 university students further fuels demand. This prime location offers the potential to create a vibrant, walkable urban environment combining residential, retail, dining, and office spaces, directly addressing the current undersupply of housing and commercial space in Clarksville. The property's size and zoning provide ample flexibility for a diverse range of development plans, catering to the needs of a rapidly expanding community. The strategic location within the CBD ensures high visibility and accessibility, maximizing the potential for both residential and commercial success. This is a rare opportunity to shape the future of Clarksville's downtown core. The property includes multiple addresses along Commerce and Franklin Streets, all within the 37040 zip code.

    Property Features for 820 Commerce St

    General Information

    Property type
    Individual retail properties
    Square Feet
    1,100,000 SF
    Lot Size
    425,581 SF

    HighLights

    • Strong economic growth in Clarksville, TN, driven by $5 billion in capital investment over 20 years.
    • Significant job growth, with 7,500 new jobs added since 2000.
    • Rapid population increase of 22,000 (15%) in five years.
    • Robust household growth, adding 6,000 (11%) in five years.
    • Thriving tourism, generating $371 million in visitor spending in 2022.
    • Large student population exceeding 11,000 enrolled in local universities.
    Property Profile Location Intelligence

    Current Use by Public Records

    American Snuff Co Tobacco Shop

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Spa & Massage Law Firm Wholesale Shop Hair Salon Auto Repair Shop 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
    -87.346967
    Latitude
    36.5280156

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    FAQs

    What type of property is this?
    Individual retail property - 1.1M SF, 9.77 acres, CBD zoning
    Where is this individual retail property located?
    The property is located at 820 Commerce St Clarksville, TN.
    What are key features of this property?
    This property features: Strong economic growth in Clarksville, TN, driven by $5 billion in capital investment over 20 years.; Significant job growth, with 7,500 new jobs added since 2000.; Rapid population increase of 22,000 (15%) in five years.
    Request Owner's contact information
    820 Commerce St Clarksville, TN 37040
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    Clarksville, TN 37040
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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
    820 Commerce St Clarksville, TN 37040
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