207 N Riverside Dr

Clarksville, TN 37040

$1,150,000
Price
—
Beds
—
Baths
9,600 Sq. Ft.
$120 / Sq. Ft.
9,600
Sq. Ft.
$120
per Sq. Ft.
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Description

Prime Riverfront Plaza consisting of two adjoining properties – 207 & 211 N Riverside Dr – being sold separately or together as one investment package. Combined, these parcels total 0.55 acres with approximately 9,600 SQFT across two buildings, including one high-visibility corner lot. Located just one minute from Downtown Clarksville and Austin Peay State University, this property benefits from constant traffic and strong tenant demand.
207 N Riverside Dr features a building with two fully leased...Prime Riverfront Plaza consisting of two adjoining properties – 207 & 211 N Riverside Dr – being sold separately or together as one investment package. Combined, these parcels total 0.55 acres with approximately 9,600 SQFT across two buildings, including one high-visibility corner lot. Located just one minute from Downtown Clarksville and Austin Peay State University, this property benefits from constant traffic and strong tenant demand.

207 N Riverside Dr features a building with two fully leased spaces, each approximately 2,400 SQFT.
211 N Riverside Dr includes a 2,400 SQFT building, with the ground floor leased and the second floor currently vacant. The upper floor has a separate entrance on the side of the building, providing flexibility for office, studio, or retail use. Current NOI is $132K–$144K/year (~$11K–$12K/month), offering a cap rate of 7.1%–7.8% at the asking price. With lease-up of the vacant second floor, market rent adjustments, conversion to NNN leases, and a city-approved ±4,000 SQFT extension, the projected NOI exceeds $240K/year (~$20K+/month), supporting a 12%+ cap rate. This rare offering provides both secure in-place income and substantial upside potential, making it ideal for 1031 exchange buyers, private investors, and investment groups.
  1. Listed by Maha Hindiyeh • simpliHOM

Property Details for 207 North Riverside Drive

Waterfront
No
LISTING UPDATED: 02/11/2026 10:01 PM

Property Details for 207 North Riverside Drive

StatusActive
MLS #3097849
Days on Market45
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale / Mixed Use
Year Built1965
Lot Size0.55 AC / 23,958 SF
CountyMontgomery County
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Location

Listing Courtesy of simpliHOM, Maha Hindiyeh (615.525.6073)
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Building Information for 207 North Riverside Drive

Stories-Residences-Year Built1965Lot Size0.55 AC / 23,958 SF

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$6,984 per month

30 year fixed, 6.15% Interest

Principal and Interest

$5,605

Property Taxes

$1,379

HOA Dues

$0

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Property Information for 207 North Riverside Drive

Summary
Location and General Information
  • 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.
  • Mlg Can View: Yes
  • Zoning: Commercial
Parking
  • Parking Total: .00
Property
Building Information
  • Building Area Source: Owner
  • Building Area Units: Square Feet
Lot Information
  • Lot Size Source: Assessor
  • Lot Size Units: Acres
  • Parcel Number: 063066G F 03201 00012066G
  • Lot Size Area: 0.55
Property and Assessments
  • Documents Count: 0
  • Property Attached: No
  • Security Features: Fire Alarm, Fire Sprinkler System, Smoke Detector(s)
Utilities
  • Cooling: No
  • Heating: No
Interior and Exterior Features
Exterior Features
  • Exterior Features: No Dock

Property History for 207 North Riverside Drive

DateEvent & SourcePriceAppreciation
Feb 4, 2026

Price Change

REALTRACS #3097849

$1,150,000—
Jan 15, 2026

Listed (Active)

REALTRACS #3097849

$1,200,000—
Dec 30, 2025

Withdrawn

REALTRACS #3007700

$1,200,000—
Oct 2, 2025

Listed (Active)

REALTRACS #3007700

$1,850,000—
DateEvent & SourcePrice
02/04/2026

Price Change

REALTRACS #3097849

$1,150,000
01/15/2026

Listed (Active)

REALTRACS #3097849

$1,200,000
12/30/2025

Withdrawn

REALTRACS #3007700

$1,200,000
10/02/2025

Listed (Active)

REALTRACS #3007700

$1,850,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 207 North Riverside Drive

Taxable ValueLand-Additions-Total-
Tax Record2024$16,547 ($1,379 / month)
Home Facts
Total Finished SqFt2,400 SqFtAbove Grade Finished SqFt2,400 SqFtLot Size16,117 SqFtStyleShopping CenterYear Built1965CountyMONTGOMERYAPN066G F 03201 00012066G

Schools near 207 North Riverside Drive

This home is within Montgomery County School District.
Rating
School
Type
Grades
Distance
Norman Smith Elementary School
Public - PK to 5
Rossview Middle School
Public - 6 to 8
Rossview High School
Public - 9 to 12
Spanish Immersion @ Barksdale
Public - K to 5
Rating
School
Distance
Norman Smith Elementary School
PublicPK to 5

Rossview Middle School
Public6 to 8

Rossview High School
Public9 to 12

Spanish Immersion @ Barksdale
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 207 North Riverside Drive, Clarksville, TN 37040

207 North Riverside Drive is a mixed use property for sale in Clarksville, TN 37040. This property was listed for sale on January 15, 2026 by simpliHOM, it's currently listed at $1,150,000. This listing's school district is Montgomery County School District. Nearby schools include Norman Smith Elementary School, Rossview Middle School and Rossview High School. 207 North Riverside Drive is a 0-bed, 0-bath, 9,600 sqft mixed use property built in 1965.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of simpliHOM, Maha Hindiyeh (615.525.6073)

Based on information submitted to the MLS GRID as of 02/11/2026 10:01 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.