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Listed by Caroline McMeans • Homepoint Brokerage, LLC - TN
$ 1,150,000
Est. payment | /mo
7,610 SqFt
$ 1,150,000
Est. payment | /mo
7,610 SqFt
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 7,610 sqft
Price per Sqft $151
MLS Listing ID 3069525
Year Built 1979
Lot Size 0.520 Acres
Acres 0.52
Property Sub-Type Mixed Use
Property Description
Exceptional investment opportunity along high-traffic US Highway 41 in Clarksville. This 7,610 SF mixed-use commercial property is a turnkey, income-producing asset currently generating $9,500 per month in tenant income, with an additional commercial office unit available to lease for approximately $700-$900 per month in added upside.
The property features a front commercial space with a rear apartment building, offering diversified income streams. The commercial tenant is responsible for property taxes and utilities, enhancing net operating performance.
The current owner has made significant capital improvements, including replacement of three HVAC units, updated light fixtures, gutters, plumbing, and installation of backflow prevention. Apartment upgrades include renovated kitchens and a dedicated washer/dryer room. The building is fully leased on one-year terms with extension options, providing immediate cash flow with future flexibility.
This asset offers a compelling opportunity to maintain steady income or reposition for future redevelopment, with nearby new construction driving continued growth and momentum in the area. Prime frontage along Hwy 41 makes this a rare opportunity in a rapidly evolving Clarksville corridor.
The property features a front commercial space with a rear apartment building, offering diversified income streams. The commercial tenant is responsible for property taxes and utilities, enhancing net operating performance.
The current owner has made significant capital improvements, including replacement of three HVAC units, updated light fixtures, gutters, plumbing, and installation of backflow prevention. Apartment upgrades include renovated kitchens and a dedicated washer/dryer room. The building is fully leased on one-year terms with extension options, providing immediate cash flow with future flexibility.
This asset offers a compelling opportunity to maintain steady income or reposition for future redevelopment, with nearby new construction driving continued growth and momentum in the area. Prime frontage along Hwy 41 makes this a rare opportunity in a rapidly evolving Clarksville corridor.
Location
State TN
County Montgomery County
Zoning C-5
Interior
Fireplace N
Others
Special Listing Condition Standard
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