427 E Riverside Dr, Clarksville, IN 47129

Rare opportunity to acquire a riverfront development site overlooking the Ohio River with panoramic views of the Louisville skyline. Located in the Southern Clarksville Mixed Use district, the property supports a Colonial Manor style structure up to two stories and 30 feet in height, offering flexibility for residential, commercial, or mixed-use development. The site provides an ideal location for a custom riverfront residence, boutique mixed-use project, destination restaurant, or townhome-style development designed to capture skyline and waterfront views. Two existing tenant-occupied residences currently generate $1,200 per month in rental income, providing holding income while redevelopment plans are finalized. With convenient access to the Ohio River bridges, downtown Louisville, and Clarksville’s growing riverfront district, the location offers strong visibility and long-term investment potential in one of Southern Indiana’s most desirable waterfront corridors.