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33165481
33165478

125 Franklin Street, Clarksville, TN 37040

PC
TN TN 341774
Marcus & Millichap - Nashville
Marcus & Millichap - Nashville
IG
Marcus & Millichap - Nashville
Listed by Marcus & Millichap - Nashville
$1,985,000
10 days on market
Updated 10 days ago
Opportunity zone

Strawberry Alley Lofts

Details
APN 066G G 01700 000
Property Type Retail, Multifamily (+1)
Sub Type Storefront, Bar (+1)
Net Rentable (SqFt) 9,575
Cap Rate 6.53%
NOI $129,687
Pro-Forma Cap Rate 6.73%
Pro-Forma NOI $133,623
Class A
Year Built 1900
Buildings 1
Stories 3
Acreage 0.070
Investment Type Value Add
Ground Lease No

6-Unit Mixed-Use Investment Opportunity in Downtown Clarksville, TN

Marketing description

Marcus & Millichap has been selected to exclusively market the Strawberry Alley Lofts in downtown Clarksville, TN. This offering provides investors the opportunity to acquire a rare value-add mixed-use asset in one of Tennessee’s fastest-growing cities.

125 Franklin Street is a mixed-use property located in the core of downtown Clarksville, combining stabilized residential income with commercial upside. The asset features a fully built-out restaurant space, an additional storefront along Strawberry Alley, and four leased residential units, providing diversified and immediate cash flow. Its prime downtown location benefits from strong foot traffic and proximity to Austin Peay State University and F&M Bank Arena. The property offers a clear opportunity to enhance income through commercial leasing and continued rent growth in one of the city’s most active corridors.

Offers should be presented in the form of a non-binding Letter of Intent, spelling out the significant terms and conditions of the Purchaser’s offer including, but not limited to: 1) asset pricing, 2) due diligence and closing time frame, 3) earnest money deposit, 4) a description of the debt/equity structure, and 5) qualification to close. The purchase terms shall require all cash to be paid at closing.

At no point should tenants or staff be contacted regarding the sale of the Strawberry Alley Lofts.

Investment highlights

  • Mixed-use asset in downtown Clarksville with both commercial and residential income
  • Fully built out restaurant space in place with bar and high capacity layout
  • Additional storefront along Strawberry Alley provides a second commercial revenue stream
  • Four fully furnished residential units with in-place cash flow
  • Diversified income stream reduces reliance on any single tenant type
  • Located in the core of downtown with strong foot traffic and visibility
  • Walkable to Austin Peay State University and F&M Bank Arena
  • Strong demand driven by downtown growth and ongoing development
  • Historic character with exposed brick and unique architectural features
  • Turnkey residential component supports immediate income stability
  • Opportunity to increase revenue through commercial leasing and rent growth
  • Well positioned asset in one of Clarksville’s most active and desirable corridors

Listing Contacts

PC
TN TN 341774
Marcus & Millichap - Nashville
Marcus & Millichap - Nashville
IG
Marcus & Millichap - Nashville
Listed by Marcus & Millichap - Nashville

Valuation Calculator

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$129,687.00
$10,807.25/mo

Valuation Metrics

0
DSCR
6.53%
Cap Rate
6.53%
ROI

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Additional Information

Name
Patrick Cosgrove
License
TN 341774
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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