2500 Harding AvePine Bluff, AR 71601

Property Details for 2500 Harding Ave

Lot size

1.84 AC

Property size (Sq ft)

14,192 SF

Property type

Automotive properties

APN

931-51065-000

APU

93151065000

Description

This exceptional investment opportunity presents a vacant 24,045 square foot shopping center situated on a prominent 2.96-acre corner lot in Pine Bluff, Arkansas. The property boasts high visibility and ample parking with 75 spaces, making it an ideal location for a variety of retail uses. Currently vacant, this property offers significant redevelopment potential. The existing structure comprises two one-story buildings, each offering unique possibilities. The asking price is $399,900, translating to $16.63 per square foot. The property is zoned for retail use and benefits from its strategic location across from the recently acquired Pine Hills Mall, ensuring high traffic flow and excellent exposure. The seller will consider selling the buildings separately, providing flexibility for potential buyers. This is a rare chance to acquire a substantial retail property in a growing area with significant upside potential. The property's size, location, and parking make it an attractive proposition for investors and owner-users alike. The gross lease type simplifies management, and the vacant status allows for complete customization to suit any business plan. This is a truly unique opportunity to establish a thriving retail presence in a dynamic market.

• CAP approach

  CAP return

  Valuation

  6%

  $3,395,413

  6.5%

  $3,134,228

  7%

  $2,910,354

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,558,188

  Geo Method

  $2,558,188

• Alternative Use

  Use

  Valuation

  Residential

  $2,643,838

  Hospitality

  $2,421,742

  Educational

  $2,014,860

  Medical

  $2,084,155

  Retail

  $3,134,228

Location Insight

City

Pine Bluff

County

Jefferson

State

Arkansas

Latitude

34.2124

Longitude

-91.9766

CBSA code

38220

CBSA name

PINE BLUFF, AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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