420 N Spring Street, Clarksville, TN 37040
Active $850,000
No Baths
-- Beds
5,400 SqFt
0.29 Acres
- Own a piece of downtown Clarksville's riverfront! This 5,400 SF steel-frame commercial building sits on 0.29 acre in the Central Business District, just off Riverside Drive near Jefferson Street and steps from the Cumberland River. Built in 1973, it offers a front office with a customer counter, a big open shop under exposed steel framing, multiple overhead doors and a paved yard. It's a great fit for a contractor, service or storage user, or a redevelopment play; buyer to confirm intended use with the city. Minutes to Austin Peay State University, F&M Bank Arena and downtown dining and events, with Fort Campbell and I-24 a short drive away. INCENTIVES THAT MAY APPLY: The property is in an Opportunity Zone designated through 2036, so investors with capital gains may qualify for deferral, a basis step-up and tax-free appreciation after 10 years (an existing building generally requires substantial improvement). The tract is a 2026 HUD Qualified Census Tract, which can add up to a 30% basis boost for Low-Income Housing Tax Credit projects. It also appears to meet the New Markets Tax Credit low-income test, and Qualified Census Tracts generally qualify as HUBZones for small-business federal contracting (verify with SBA). Eligible as 1031 exchange replacement property, and Tennessee has no personal income tax. Incentives are not guaranteed; consult your tax advisor. Traffic count data is in the media section. Buyer and buyer's agent to verify all information.
- Year Built: 1973
- Air: null
- Heat: null
- Water: null
- Sewer: null
MLS#: 3636511
Could this be the one?
Alex Warren, REALTOR®
Affiliate Broker, PARIS
731-819-7536
My name is Alex Warren, and I am happy to call Dresden, Tennessee, my hometown. Growing up on a chicken farm instilled in me a strong work ethic and a deep appreciation for the value of hard labor. I ...
What if this was home?
5,400 sq ft