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Property profile & analytics
FOR LEASE
Bars & Pubs

1979 Madison St Clarksville, TN 37043

4,800 SF 0.65 ac lot Built 1960
Individually Owned 9-yr Hold ~ Est. High Equity
Property ID
US80-0801114
Property summary
AI-generated overview

This exceptional 0.63-acre commercial land parcel, totaling 27,135 square feet, presents a unique investment opportunity. Located on the bustling Madison Street retail corridor, this property is zoned C-5 Highway and Arterial Commercial District, allowing for a wide range of development possibilities. The site boasts high visibility and significant traffic counts, with an average daily traffic count of 23,917 vehicles. Currently, the site is a ground lease only, with any existing structures slated for demolition, providing a blank canvas for a new development. The strategic location directly across the street from a 24-hour Walgreens ensures high foot traffic and convenient access for potential customers. This prime location offers unparalleled potential for businesses seeking high visibility and accessibility in a thriving commercial area. The substantial lot size provides ample space for a variety of commercial ventures, making it an ideal opportunity for developers and investors seeking a high-impact location. The C-5 zoning designation opens doors to a diverse range of commercial uses, ensuring flexibility and maximizing potential return on investment. Don't miss this chance to acquire a highly desirable commercial land parcel in a prime retail location. This property is for lease.

Property profile
Verified
Property type Bars & Pubs
Use group BAR, TAVERN
Year built 1960
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 4,800 SF
Lot 0.65 ac (28,314 SF)
Zoning code C-5
APN 080D C 02100 000
UPID US80-0801114
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Oneal's Bar & Grill Bar & Pub Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$731k
Blend (final) Blend
$730k
Owner & transaction history
Todd E Morris · 9 yrs held
Todd E Morris
since 2016
6 recorded transactions
2022
Price N/A
2016
$375,000
1995
$125,000
1995
$125,000
1969
Price N/A
1969
Price N/A
Zoning & alternative use
C-5 · Clarksville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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