For Sale
$695,000

3224 Mcray Ave Springdale, AR 72762

High-Income Producing Investment Property

Overview

Added:
Feb 3
Days on market:
79
This exceptional Springdale investment opportunity encompasses a thriving auto body business and a separate residential rental property on a single lot. The 3,685 square foot commercial building houses an established auto body shop, complete with a paint bay, body shop area, and multiple garage bays. Currently leased for $3,000 per month on a three-year lease, this provides immediate and consistent income. The property also includes a 1,999 square foot residential home, separately leased for $2,000 per month on a two-year lease. This dual-income stream offers significant potential for return on investment. The property is located at 3224 McRay Avenue in Springdale, Arkansas. The zoning is A1-2F2, with a non-conforming use designation per the City of Springdale. It's important to note that the residential property is for residential use only and cannot be used for business purposes. Furthermore, the existing auto body shop must remain in operation as per the zoning regulations. This turnkey investment presents a rare chance to acquire a profitable, established business with a supplemental residential income stream. The property's current lease agreements ensure a steady cash flow, making it an attractive option for investors seeking a stable and high-yielding asset. Serious inquiries are encouraged to explore this unique opportunity further.

Property Details for 3224 Mcray Ave

Property type
Commercial real estate
Square Feet
3,685 SF
Year Built
1974

Location Insight

City
Springdale
County
Washington
State
Arkansas
Latitude
36.1824
Longitude
-94.16591

FAQs

What type of property is this?
Commercial real estate - High-Income Producing Investment Property
Where is the commercial real estate located?
The property is located at 3224 Mcray Ave Springdale, AR.
What is the asking price?
The asking price for this property is $695,000.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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3224 Mcray Ave
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