1151a College St Clarksville, TN 37040

This exceptional 3-acre commercial land parcel in Clarksville, Tennessee, presents a prime opportunity for hotel development. Located at 1151a College St, 37040, this fee-simple property is zoned for Commercial PUD and offers significant potential within a thriving mixed-use development. The site, previously occupied by industrial buildings, has been cleared, and a Phase 1 environmental report is complete. The larger 30-acre Vulcan mixed-use project includes a planned retail district (5 acres, 56,000 sq ft), a multi-family district (13 acres, 330 units), and a sports and entertainment complex featuring a 2,500-seat stadium (expandable to 4,000). Clarksville's robust hotel market boasts an 84.7% occupancy rate, $120.98 ADR, and $102.51 RevPAR. The project's proximity to Austin Peay State University and the new $113 million F&M Center further enhances its appeal. College Street sees an average daily traffic count of 19,600 vehicles. Utilities are available, requiring extension to the site. The property is situated within an Opportunity Zone, offering potential tax advantages. The asking price is $1,500,000 ($500,000/acre). This is a turnkey opportunity to capitalize on Clarksville's growing tourism and hospitality sector. The property is for sale by owner and lease expiration is 12/31/2024.