1009 Riverside DrClarksville, TN 37040

Property Details for 1009 Riverside Dr

Year built

1980

Lot size

0.50 AC

Property type

Other commercial real estate

Property subtype

Other mixed-use properties

Description

This Clarksville, TN property, located at 1009 S Riverside Dr, offers 0.5 acres of land zoned C-2, allowing for commercial and multifamily uses. The existing 3,500 square foot building, constructed in 1980 and renovated in 2000, is currently leased under a triple-net (NNN) lease for $4,000 per month, with a remaining term of approximately 2.9 years (expiring October 1, 2027, commencing October 1, 2024). The building's previous use was a restaurant, but its versatile layout presents opportunities for office space, retail, or other commercial ventures. This property's prime location near Clarksville's thriving downtown area adds significant value. An additional 1.5 acres of adjacent land is available for purchase separately for $350,000, presenting the potential for approximately 24 multifamily units with independent access from Dean Dr. The asking price for this 0.5-acre parcel is $575,000. The buyer will be required to honor the existing lease agreement.

Location Insight

City

Clarksville

County

Montgomery

State

Tennessee

Latitude

36.5116

Longitude

-87.3653

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