705 Ray StTexarkana, AR 71854

Property Details for 705 Ray St

Year built

1960

Lot size

1.45 AC

Property size (Sq ft)

9,382 SF

Property type

Warehouses

Property subtype

Retirement homes

Description

This exceptional investment opportunity presents a 9,382-square-foot industrial property situated on a 1.45-acre lot in Texarkana, Arkansas. The property, located at 705 Ray St, features two single-story buildings totaling 37 units, with a mix of larger and smaller spaces. Built in 1960, the Class C building offers ample potential for diverse uses, including storage, warehousing, light manufacturing, or even a garden center. The property's zoning is commercial, allowing for flexibility in development. With 50 parking spaces and mature landscaping, this property offers significant upside. The asking price is $71,000, translating to $7.57 per square foot. The vacant property is ready for immediate occupancy and presents a unique chance to capitalize on its prime location near other commercial establishments. The substantial lot size provides room for expansion, additional parking, or the construction of further commercial or residential structures. This property is an excellent choice for investors seeking a versatile and well-located asset with significant development potential. The property's solid structure and desirable location make it an attractive investment opportunity in a growing area.

Location Insight

City

Texarkana

County

Miller

State

Arkansas

Latitude

33.429

Longitude

-94.0169

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