1009 Riverside Dr Clarksville, TN 37040
Property profile & analytics
Location Intelligence
Current Use by Public Records
- The Love Bistro / Hotel & Motel / Resort
- U-Haul Neighborhood Dealer / Car Rental Facility
Property Details for 1009 Riverside Dr
- Year built
- 1980
- Lot size
- 0.50 lot acres
- Property type
- Mixed-use properties
- Property subtype
- Land
Description
This Clarksville, TN property, located at 1009 S Riverside Dr, offers 0.5 acres of land zoned C-2, allowing for commercial and multifamily uses. The existing 3,500 square foot building, constructed in 1980 and renovated in 2000, is currently leased under a triple-net (NNN) lease for $4,000 per month, with a remaining term of approximately 2.9 years (expiring October 1, 2027, commencing October 1, 2024). The building's previous use was a restaurant, but its versatile layout presents opportunities for office space, retail, or other commercial ventures. This property's prime location near Clarksville's thriving downtown area adds significant value. An additional 1.5 acres of adjacent land is available for purchase separately for $350,000, presenting the potential for approximately 24 multifamily units with independent access from Dean Dr. The asking price for this 0.5-acre parcel is $575,000. The buyer will be required to honor the existing lease agreement.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Clarksville
- County
- Montgomery
- State
- Tennessee
- Longitude
- -87.3653
- Latitude
- 36.5116
