Property profile

221 2nd St Clarksville, TN 37040

OFF-MARKET
Office buildings
Property ID
US80-0326891
3,285 SF 0.19 ac lot Built 1969
Individually Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 3,290 square foot office building is situated in the vibrant heart of Downtown Clarksville, Tennessee. Its prime location places it directly across from the Customs House Museum and a mere block from the courthouse, offering unparalleled visibility and convenience. The building is ideally suited for a law firm or other professional business requiring ample space, with the potential to accommodate four or more attorneys. The interior boasts multiple private offices, a spacious reception area, two dedicated paralegal offices, a formal conference room, a well-appointed administrative office, and a generously sized vaulted storage room. A convenient kitchen and additional offices for support staff are also included, along with two restrooms. The property provides approximately ten parking spaces, a significant advantage in a bustling downtown area. This location offers easy access to the new F&M Arena, the downtown park, and a variety of highly-rated restaurants, making it an exceptional opportunity to participate in Clarksville's exciting growth trajectory. The 0.19-acre lot ensures ample space for the building and its parking. This is a rare opportunity to acquire a well-established and highly desirable office building in a thriving downtown setting.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1969
Total area 3,285 SF
Lot 0.19 ac (8,276 SF)
Zoning code CBD
APN 066K A 02600 000
UPID US80-0326891

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Law Firm
  • Law Firm
  • Law Firm
  • Law Firm
  • County Government Office

Location

221 2nd St Clarksville, TN 37040-3629
Clarksville metro Census 100100 CLARKSVILLE, TN-KY METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$495k
Comparable Approach Comparable
$445k
Blend (final) Blend
$765k

Owner & transaction history

since 2025
Last sale
$795,000
2 recorded transactions
2025
$795,000
1993
$157,250

Zoning & alternative use

CBD · Clarksville, TN
Zoning description

CBD - CENTRAL BUSINESS DISTRICT The CBD Central Business District, with complementary office and related uses, forms the center for commercial, residential, financial, professional, governmental, and cultural activities.…

General category CIVIC_INSTITUTIONAL
Top alternative use upside
Neighborhood: shopping center $830,000 +59.5%
Warehouse, storage $755,000 +44.6%
Medical building $570,000 +9.4%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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