1009 Riverside Dr Clarksville, TN 37040

Property Details for 1009 Riverside Dr

Year built

1980

Lot size

1.98 lot acres

Property size

3,470 SF

Property type

Mixed-use properties

Description

This exceptional Clarksville investment property boasts a prime location at 1009 S Riverside Dr, encompassing a substantial 3,470 square foot mixed-use building situated on a generous 1.98-acre lot. Currently, a 3,500 square foot restaurant occupies the building, secured by a lease extending through October 2027, providing immediate and consistent rental income. The property's favorable C2 zoning presents significant future development potential. Beyond the existing restaurant, an additional 1.5 acres (approximately) of land is available, offering direct access to Dean Drive. This expansive parcel presents a unique opportunity to construct a new commercial building or capitalize on the zoning allowance for up to 24 multi-family units. The combination of established rental income and substantial development potential makes this a truly compelling investment opportunity in a thriving Clarksville location. The property is priced at $975,000, reflecting its strong potential for both short-term returns and long-term appreciation. This is a rare chance to acquire a versatile property with immediate income and significant upside. Don't miss this chance to secure a valuable asset in a rapidly growing market.