2535 Madison StClarksville, TN 37043

Property Details for 2535 Madison St

Year built

2003

Lot size

0.74 AC

Property size (Sq ft)

2,400 SF

Zone code

C-5

Property type

Retail properties

Property subtype

Strip malls

APN

081 04600 000

APU

8104600000

Description

This exceptional retail opportunity presents 1,250 square feet of space within the Blue Cord center, a single-story, 9,440 square foot building located at 2535 Madison St, Clarksville, TN 37043. Built in 2003, this property boasts a prime location in the Sango submarket of Montgomery County, enjoying high visibility with an estimated 17,000 vehicles passing daily. The building features a total of eight suites, with one suite currently vacant and immediately available. The minimum divisible space is 1,250 square feet, which is also the maximum contiguous space available. The property sits on 0.86 acres of land and offers ample parking with 22 spaces. The zoning is C-5, allowing for a variety of retail uses. Property taxes are $4 per square foot. A triple net (NNN) lease is required, with a minimum three-year term. This is an ideal location for businesses seeking to establish themselves in a thriving Clarksville community. The building has a floor area ratio (FAR) of 0.25. This property offers a unique chance to capitalize on the growth of this area. Don't miss this opportunity to secure a prominent retail presence in a high-traffic location.

• CAP approach

  CAP return

  Valuation

  6%

  $609,469

  6.5%

  $562,587

  7%

  $522,402

• Comparable approach

  Method

  Valuation

  Relative Method

  $520,612

  Geo Method

  $520,612

• Alternative Use

  Use

  Valuation

  Residential

  $474,563

  Hospitality

  $434,697

  Educational

  $361,663

  Medical

  $374,101

  Retail

  $562,587

Location Insight

City

Clarksville

County

Montgomery

State

Tennessee

Latitude

36.5068

Longitude

-87.2638

CBSA code

17300

CBSA name

CLARKSVILLE, TN-KY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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