427 E Riverside Dr, Clarksville, IN 47129

427 & 429 E Riverside Drive present a rare riverfront development opportunity overlooking the Ohio River with sweeping views of the Louisville skyline. Positioned within the Southern Clarksville Mixed Use district, the site offers exceptional potential for a signature restaurant, bar, boutique commercial concept, or mixed-use project designed to capitalize on the waterfront setting. Zoning allows for a Colonial Manor–style structure up to two stories with a maximum height of 30 feet, creating an ideal platform to capture skyline and river views. Opportunities for hospitality or destination dining in this corridor are limited, making this site particularly compelling for developers and operators seeking a high-visibility waterfront concept. The property currently includes two tenant-occupied residences generating $1,200 per month in rental income, allowing investors to maintain holding income while development plans are finalized. Located just minutes from downtown Louisville, the Ohio River bridges, and the rapidly expanding Clarksville riverfront district, the site combines prime accessibility with dramatic skyline views. Opportunities with this combination of riverfront exposure, development flexibility, and existing income are increasingly rare.