For Sale
$918,000

105 Passion Play Rd Eureka Springs, AR 72632

High-yield medical/office investment. 100% occupied.

Overview

Added:
Dec 11, 2024
Days on market:
127
Walden Plaza, located at 105 Passion Play Rd, Eureka Springs, AR 72632, presents a compelling investment opportunity. This stabilized, Class B commercial building offers 11,700 square feet of net rentable space across seven units, currently boasting 100% occupancy with a lease expiration date of November 6, 2024. The property features a mix of medical and traditional office uses, reflecting its versatile design. Built in 1994, the two-story building sits on a 0.98-acre lot and is zoned for commercial use. The asking price is $918,000, representing a price per square foot of $78.46 and a 5.45% capitalization rate based on a current Net Operating Income (NOI) of $50,000. The property benefits from excellent road frontage and is situated in Carroll County, Arkansas (APN: 925-02038-082). Leases are structured on a gross basis. This is a rare opportunity to acquire a fully occupied, high-performing commercial property in a desirable location. The property's strong occupancy and consistent cash flow make it an attractive investment for those seeking a stable and profitable asset.

Highlights

  • 11,700 SF Class B commercial building in Eureka Springs, AR, on a 0.98-acre lot.
  • 100% occupied with seven units, offering a 5.45% cap rate and $50,000 NOI.
  • Asking price: $918,000 ($78.46/SF); leases expire November 6, 2024.
  • Mix of medical and traditional office tenants; gross leases; built in 1994.
  • Excellent road frontage in a desirable location; APN: 925-02038-082.

Property Details for 105 Passion Play Rd

Property type
Office properties, Medical offices
Square Feet
11,700 SF
Class
B
Year Built
1994
Buildings
1
Stories
2
Lot Size (sq. ft)
42,689 SF
Units
7

Location Insight

City
Eureka Springs
County
Carroll
State
Arkansas
Latitude
36.3925658
Longitude
-93.7104722
105 Passion Play Rd, Eureka Springs, Arkansas

FAQs

What type of property is this?
Office property - High-yield medical/office investment. 100% occupied.
Where is the office property located?
The property is located at 105 Passion Play Rd Eureka Springs, AR.
What is the asking price?
The asking price for this property is $918,000.
What are key features of this property?
This property features: 11,700 SF Class B commercial building in Eureka Springs, AR, on a 0.98-acre lot.; 100% occupied with seven units, offering a 5.45% cap rate and $50,000 NOI.; Asking price: $918,000 ($78.46/SF); leases expire November 6, 2024.
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105 Passion Play Rd
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