207 N Riverside Dr, Clarksville, TN 37040
Montgomery County
Key Facts
Description
$1,700,000 – Prime Riverfront Investment Opportunity! Riverfront Plaza consists of two adjoining commercial properties at 207 & 211 N Riverside Dr, offered exclusively as a portfolio sale. Properties will not be sold separately. The portfolio includes 207 N Riverside Dr, valued at $1,050,000, and 211 N Riverside Dr, valued at $650,000. Situated on approximately 0.55 acres with nearly 9,600 SQFT of building space, this highly visible riverfront investment is located just minutes from Downtown Clarksville and Austin Peay State University. 207 N Riverside Dr features two fully leased commercial spaces totaling approximately 4,800 SQFT. 211 N Riverside Dr offers approximately 4,800 SQFT with a leased ground floor and a vacant second floor featuring a separate exterior entrance, creating additional income potential. Current NOI is approximately $132,000–$144,000 annually, with significant upside through lease-up of the vacant second floor, market rent increases, NNN lease conversions, and a city-approved ±4,000 SQFT expansion. Projected NOI exceeds $240,000 annually. Exceptional opportunity for investors, 1031 exchange buyers, and investment groups seeking immediate cash flow with substantial value-add potential.
Property Information
Property Type
Commercial Sale
Sub-Type
Mixed Use
Year Built
1965
Living Area
9,600 sq ft
Lot Size
0.55 acres
Zoning
Commercial
Days on Market
138
MLS® Listing#
3097849
Property Features
Cooling
Heating
Security
Financial Details
Parcel Number
063066G F 03201 00012066G
Directions
From Downtown Clarksville, head north on Riverside Drive (US-41A Bypass). Property is located on the left side just past Franklin Street, directly across from the Cumberland River.
Affordability Calculator
$210,000
Estimated monthly payment
$5,589/mo
Principal $840,000 · Est. interest $1,171,875 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Clarksville, TN
- $351,420
- Median Listing Price
- 50
- Median Days on Market
- 1,979
- Median Sq Ft
- $190
- Median Price / Sq Ft
- 1,639
- Active Listings
- This home’s price is 199% above the area median.
- Its price per sq ft is 42% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Clarksville, TN.
Location
Points of Interest in Clarksville, TN
Showing the Clarksville area map.
Nearby Schools
Clarksville Academy
School · 0.6 mi away
Middle College @ Austin Peay State University
Secondary School · 0.6 mi away
CMCSS Adult High School
Secondary · 0.9 mi away
Greenwood-Alternative School
School · 0.9 mi away
Burt Elementary School
Elementary · 0.9 mi away
Norman Smith Elementary School
Elementary · 1.1 mi away
Clarksville-Montgomery County School System
School · 1.2 mi away
CMC Education Foundation
School · 1.2 mi away
Weems Academy
School · 1.2 mi away
Tabernacle Christian School
Elementary · 1.3 mi away
Moore Magnet Elementary School
Elementary · 1.5 mi away
Montgomery County Adult Education
School · 1.5 mi away
Wild Wood Christian Academy
School · 1.5 mi away
CMCSS Learning Centers
School · 1.5 mi away
Byrns Darden Elementary School
Elementary · 1.8 mi away
Little Learners University
School · 2.3 mi away
Golden Apple
School · 2.6 mi away
CMCSS K-12 Virtual School
School · 2.7 mi away
Power and Grace Preparatory Academy
School · 2.9 mi away
Peachers Mill Academy
School · 2.9 mi away
Commute Calculator
Nearby Homes
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Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 243 Bellshire Drive, Clarksville, TN | $737,500 | 4 | 3 | 3,336 |
| 1319 Shady Grove Rd, Clarksville, TN | $748,400 | 4 | 4 | 3,052 |
| 1300 Reda Dr, Clarksville, TN | $748,420 | 4 | 4 | 3,254 |
| 4943 Royal View Way Lot 78, Clarksville, TN | $749,000 | 4 | 3 | 3,217 |
| 312 Madison St, Clarksville, TN | $749,000 | — | — | 5,944 |
| 2473 Ellsworth Dr, Clarksville, TN | $749,000 | 4 | 4 | 3,331 |
Moving Cost Estimate
EXIT Agents in Clarksville
Listing Courtesy: simpliHOM - 6155256073
Last Updated: 2025-09-23