420 N Spring St, Clarksville, TN 37040

Property Description

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. Traffic count data is in the media section. Buyer and buyer's agent to verify all information.