534 Madison StClarksville, TN 37040

Property Details for 534 Madison St

Year built

1959

Construction

WOOD

Lot size

0.51 AC

Property size (Sq ft)

4,305 SF

Zone code

CBD

Property type

Office properties

Property subtype

Office buildings

APN

066K C 00200 000

APU

066KC00200000

Description

This exceptional 7,171 square foot storefront, located at 534 Madison St. in Clarksville, Tennessee, presents a unique investment opportunity. Situated on a prominent 0.55-acre corner lot at the intersection of Madison Street and University Avenue/Cumberland Drive, this two-story building boasts high visibility and excellent accessibility. The property features a recently installed roof, ample front and rear parking, and convenient direct rear access to the walkout basement. The ground floor and basement have undergone recent remodeling, while the top floor has been gutted and is ready for build-out, allowing for complete customization to suit a variety of retail uses. The property's location in the heart of downtown Clarksville offers unparalleled exposure to a thriving community, and its proximity to Nashville (approximately one hour away) provides access to a larger regional market. This prime retail space offers a blend of renovated and ready-to-finish areas, making it an ideal investment for discerning buyers seeking a high-impact commercial property. The asking price is $150,000.

• CAP approach

  CAP return

  Valuation

  6%

  $743,698

  6.5%

  $686,490

  7%

  $637,455

• Comparable approach

  Method

  Valuation

  Relative Method

  $370,574

  Geo Method

  $370,574

• Alternative Use

  Use

  Valuation

  Residential

  $851,248

  Hospitality

  $779,738

  Educational

  $648,733

  Medical

  $671,044

  Retail

  $1,009,140

Location Insight

City

Clarksville

County

Montgomery

State

Tennessee

Latitude

36.526

Longitude

-87.3523

CBSA code

17300

CBSA name

CLARKSVILLE, TN-KY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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