124 University Ave, Clarksville, TN

Description of 124 University Ave, Clarksville - MLS# 2901902

Ever dreamed of owning your own coffee shop? Here is your opportunity to purchase the building, acquire a proven 10-year business that cash flows, AND offset expenses with income from the upstairs rentals. This building offers THREE ways to cash flow: the thriving downstairs coffee shop and two fully remodeled upstairs living units. The space includes 1100 sq ft downstairs for the coffee shop, and 1100 sq ft upstairs with two Airbnb units. One is a studio with a full kitchen and bath, and the other is a 2-bedroom unit with living room, kitchen, and bath. Prefer not to operate as an Airbnb? Furnished room rentals this close to Austin Peay University regularly bring $1000 to $1500 per room. Plumb Line Coffee is a well-established artisan coffee shop known by locals for serving some of the best coffee in town. The location is one block from Austin Peay State University and directly across from a new 400-unit apartment development, with another 500+ units within walking distance. A PRIME high-traffic, high-visibility location with excellent growth potential. Upstairs units currently generate $5,500 up to $6,500 per month as short-term rentals. Over $200k in renovations, including a complete remodel of the upstairs units. Building upgrades include a new roof within the last 10 years, new mini-split HVAC within 5 years, new condensers within 3 years, and custom finishes throughout. Plumbline is a beautiful and heartfelt piece of downtown Clarksville fabric. The current owners have poured their love and heart into the building and business, and are looking for the right new owner to continue the journey! A rare opportunity for investors, owner-operators, or entrepreneurs. Coffee business to be sold separately. Reach out for more info! Visit the personalized website for more photos, full details, and video: https://124universityave.relahq.com

Listing Map of 124 University Ave