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Office Medical

1989 Madison Street

1989 Madison St, Clarksville, TN 37043

Listing Price: $571,500

Cap Rate
7.00%
Rentable SF
3,699
Occupancy
100.0%
Year Built
1972
Lot Size
0.28 acres

Investment Overview

Marcus and Millichap is pleased to present 1989 Madison Street, a 3,638 sf multi-tenant office building in Clarksville, TN. The 2 story building was built in 1972 and renovated in 2005. The second floor can be accessed from the lobby and a separate exterior door. The exterior is brick and vinyl. There are 16 spaces in the parking lot. There are 10 offices and the building is fully occupied. Current leases are short term and below market, providing an opportunity for the new owner an opportunity to raise rents. Clarksville (208,993) is 45 miles from Nashville and is home to Fort Campbell and Austin Peay University. It has garnered numerous recognitions and rankings, including #1 best place to live by Money Magazine.

Investment Highlights

  • This property is fully leased, but below market rents and short term leases offer upside to new owner
  • Located on Highway 41A, the primary route to Downtown Clarksville from Interstate 24
  • Traffic counts exceed 23,000 vehicles per day

Exclusively Listed By

Office Medical

1989 Madison Street

Listing Price: $571,500

Cap Rate
7.00%
Rentable SF
3,699
Occupancy
100.0%
Year Built
1972
Lot Size
0.28 acres

Investment Highlights

  • This property is fully leased, but below market rents and short term leases offer upside to new owner
  • Located on Highway 41A, the primary route to Downtown Clarksville from Interstate 24
  • Traffic counts exceed 23,000 vehicles per day

Investment Overview

Marcus and Millichap is pleased to present 1989 Madison Street, a 3,638 sf multi-tenant office building in Clarksville, TN. The 2 story building was built in 1972 and renovated in 2005. The second floor can be accessed from the lobby and a separate exterior door. The exterior is brick and vinyl. There are 16 spaces in the parking lot. There are 10 offices and the building is fully occupied. Current leases are short term and below market, providing an opportunity for the new owner an opportunity to raise rents. Clarksville (208,993) is 45 miles from Nashville and is home to Fort Campbell and Austin Peay University. It has garnered numerous recognitions and rankings, including #1 best place to live by Money Magazine.

Exclusively Listed By

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