221 2Nd St Clarksville, TN 37040
- Office buildings
- 3,285 SF
- 0.19 lot acres
Current Use by Public Records
- Bill Aldred / Law Firm
- Aldred Law Firm / Law Firm
- Julie M. Reyes / Law Firm
- Thompson Allan / Law Firm
- Montgomery County Community / County Government Office
Property Details for 221 2Nd St
- Year built
- 1969
- Lot size
- 0.19 lot acres
- Property size
- 3,285 SF
- Zone code
- CBD
- Property type
- Office buildings
- APN
- 066K A 02600 000
- APU
- 066KA02600000
Description
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.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $765,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $535,000
- 6.5%
- $495,000
- 7%
- $460,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $444,000
- AI Estimate
- $444,000
Market price range: $260k - $764kMarket price range: $260k - $764k -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $520,000 Current use
- NEIGHBORHOOD: SHOPPING CENTER
- $830,000 Change: +60% Conversion: Difficult
- WAREHOUSE, STORAGE
- $755,000 Change: +45% Conversion: Difficult
- MEDICAL BUILDING
- $570,000 Change: +9% Conversion: Easy
- RETAIL STORES
- $520,000 Change: -0% Conversion: Moderate
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Location Insight
- Map
- Local Demand
- City
- Clarksville
- County
- Montgomery
- State
- Tennessee
- Longitude
- -87.3578
- Latitude
- 36.5256
- CBSA code
- 17300
- CBSA name
- CLARKSVILLE, TN-KY METROPOLITAN STATISTICAL AREA