420 N Spring St - Downtown Commercial Building

420 North Spring Street,
Clarksville, TN 37040

Asset Snapshot

0.29 Acres

Land Area

Offering Summary

Investment Overview

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.

MLS 3636511. Buyer and buyer's agent to verify all information.

Area Overview

Clarksville's Central Business District along the Cumberland River riverfront, near Riverside Drive and Jefferson Street. Walkable to downtown dining and events, a few minutes to Austin Peay State University and F&M Bank Arena, with Fort Campbell and I-24 a short drive.