6256 Hwy 5Oakland, AR 72661

Property Details for 6256 Hwy 5

Property size (Sq ft)

1,020 SF

Property type

Specialty properties

Property subtype

Land

Description

This exceptional 1,020 square foot commercial property, located at 6256 Hwy 5 North in Midway, Arkansas (zip code 72661), presents a unique redevelopment opportunity. Boasting over 207 feet of highway frontage on a busy thoroughfare, this lot enjoys high visibility and significant traffic volume. The 2023 Annual Daily Traffic count was 8,700 vehicles. The property's strategic location near the intersection of Hwy 5 North, Hwy 126, and Hwy 178, provides easy access to Bull Shoals Lake and traffic flowing from Missouri. The existing building, while requiring significant renovations, offers a solid foundation for various commercial ventures. Features include three overhead doors, a single bay with a working lift (per seller), and a double bay with a non-functional lift. The building also has a bathroom, sink, power, and water; however, the HVAC system is non-operational. Two in-ground gas tanks are present and would require recertification by the buyer if a gas station is planned. The property has been vacant since 2019. The seller will provide documentation on EPA certifications up to the closure date. This property is being sold "as is," with no warranties. The asking price is $159,000. This prime location is ideal for a 24-hour fuel station, vehicle repair shop, or even a unique themed business. The absence of nearby gas stations further enhances its potential.

Location Insight

City

Oakland

County

BAXTER

State

Arkansas

Latitude

36.4731

Longitude

-92.5991

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