1 Bel Air BlvdClarksville, TN 37042

Property Details for 1 Bel Air Blvd

Year built

1956

Lot size

0.51 AC

Property size (Sq ft)

2,120 SF

Zone code

C-5

Property type

Office buildings

APN

043N A 00100 000

APU

043NA00100000

Description

This exceptional 2,120 square foot office building, situated on a 0.54-acre lot at 1 E Bel Air Blvd in Clarksville, Tennessee, presents a compelling investment opportunity. Boasting a highly desirable C-5 zoning classification, the property enjoys exceptional visibility and benefits from a daily traffic count of 24,000 vehicles. Currently configured as a salon with six leased styling chairs, the property offers immediate income generation with significant upside potential. The current rental income per chair is below market value, presenting a clear opportunity to increase profitability. Beyond its current use, the versatile space is well-suited for a variety of office-related businesses. Its strategic location provides easy access to both Fort Campbell and downtown Clarksville, ensuring convenient access for employees and clients alike. The property's high traffic location, combined with its current income stream and potential for rent increases, makes it an attractive investment for those seeking strong returns in a thriving market. The building's prime location and flexible zoning make it an ideal choice for a savvy investor looking to capitalize on a high-demand area. This is a rare opportunity to acquire a well-located, income-producing property with substantial growth potential. The property is priced at $525,000.

• CAP approach

  CAP return

  Valuation

  6%

  $366,234

  6.5%

  $338,062

  7%

  $313,915

• Comparable approach

  Method

  Valuation

  Relative Method

  $182,490

  Geo Method

  $182,490

• Alternative Use

  Use

  Valuation

  Residential

  $419,198

  Hospitality

  $383,983

  Educational

  $319,469

  Medical

  $330,456

  Retail

  $496,952

Location Insight

City

Clarksville

County

Montgomery

State

Tennessee

Latitude

36.5637

Longitude

-87.4014

CBSA code

17300

CBSA name

CLARKSVILLE, TN-KY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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