427 E Riverside Dr,Clarksville, IN 47129
Clarksville, IN 47129
Description
A rare piece of Ohio River frontage with direct, unobstructed exposure to the Louisville skyline. Zoned Southern Mixed Use, the site carries unusual latitude for what comes next: a signature custom residence, a townhome or multi-unit project oriented to the water, or a lodging concept built around the view itself. Position is what makes the parcel difficult to replicate. Minutes from downtown Louisville and the Ohio River bridges, the property anchors a corridor with year-round visitor draw; dining and entertainment at the north end of the Big Four Bridge, the Ohio River Greenway just outside the property line, and seasonal demand from Derby, Thunder Over Louisville, and bourbon tourism. Two tenant-occupied residences currently produce $1,200 per month in holding income at below-market rents, with room for improvement. Land with this frontage and this proximity to a major downtown rarely comes available. Buyers are encouraged to verify zoning, floodplain, and short-term rental permitting for their intended use.
Details
| MLS # | 1728962 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 16 |
| Listing Provided By | The Agency Louisville | Jason Farabee |
Features
| Zoning | Other - See Remarks |
|---|---|
| Acreage | 0.19 |
| Water Front | Yes |
Area Information
| State | IN |
|---|---|
| County | Clark |
| City | Clarksville |
| Zip Code | 47129 |
| Area | 13 Indiana |
| Listing VS Median (in 47129) | |
Price: $439,900 low | high Med: $80,190 On site: 16 low | high Med: 44.5 | |
Market Activity 47129
Request a showing
Request a showing
Contact
Learn More About This Property
| State | IN |
|---|---|
| County | Clark |
| City | Clarksville |
| Zip Code | 47129 |
| Area | 13 Indiana |
| Listing VS Median (in 47129) | |
Price: $439,900 low | high Med: $80,190 On site: 16 low | high Med: 44.5 | |
 |  |  |
© 2026 Coldwell Banker McMahan. All Rights Reserved. Coldwell Banker® and the Coldwell Banker Logo are registered service marks owned by Coldwell Banker Real Estate LLC. Coldwell Banker McMahan fully supports the principles of the Fair Housing Act and Equal Opportunity Act. Each franchise is independently owned and operated. Any services or products provided by independently owned and operated franchises are not provided by, affiliated with or related to Coldwell Banker Real Estate LLC nor any of its affiliated companies.
