For Lease
$178,000/SF/YR

46th St FtFort Smith, AR 72903

Prime 0.5-acre lot, ideal ground lease.

Overview

Added:
Dec 11, 2024
Days on market:
118
This exceptional 0.5-acre commercial land parcel presents a unique investment opportunity in Fort Smith, Arkansas. Located at the hard corner of Phoenix Avenue and S 46th Street (zip code 72903), this single-tenant property offers significant potential. The site is situated in a thriving area, adjacent to the newly constructed Class "A" retail development, Phoenix Landing, which features a 1,300-square-foot suite currently available for lease at $32.00 per square foot, NNN. The property's strategic location benefits from its proximity to other commercial properties, including a 2.12-acre lot also available for sale nearby. This high-traffic area is a popular shopping destination in Fort Smith, conveniently located near the Fort Smith Pavilion and Fort Smith Regional Airport. The surrounding area boasts dense residential neighborhoods and the prominent ArcBest Technologies corporate headquarters, ensuring a strong customer base. Recreational amenities such as Parrot Island Waterpark and Hardscrabble Golf Course, as well as the charm of Historic Downtown Fort Smith, are also within easy reach. The ground lease is available for $89,000 per year. This property offers an excellent chance to establish a presence in a dynamic and rapidly growing commercial sector.

Highlights

  • 0.5-acre commercial lot at the hard corner of Phoenix Ave and S 46th St, Fort Smith, AR (72903).
  • High-traffic location across from Phoenix Flyover, near Phoenix Landing (Class A retail development).
  • Ground lease available for $89,000 annually.
  • Strong surrounding demographics including nearby residential areas and ArcBest Technologies.

Property Details for 46th St Ft

Property type
Land
RSF (Rentable sq. ft)
21,780 SF

Unit(s) available at that property

Space
Size
21,780 SF
Rate per SF
$178,000

Location Insight

City
Fort Smith
County
Sebastian
State
Arkansas
Latitude
35.3381058
Longitude
-94.3825502
46th St Ft, Fort Smith, Arkansas

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46th St Ft
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