306 Main StCrossett, AR 71635

Property Details for 306 Main St

Year built

1961

Lot size

0.10 AC

Property size (Sq ft)

4,289 SF

Property type

Office buildings

APN

706-00378-000

APU

70600378000

Description

This exceptional commercial property, located at 306 Main St in Crossett, Arkansas, presents a unique investment opportunity. Situated on a conveniently sized 0.1-acre lot, this property offers significant potential for redevelopment or repurposing. The existing structure, while not detailed in square footage, presents a blank canvas for a variety of commercial ventures. Its prime location on Main Street ensures high visibility and accessibility, making it an attractive proposition for businesses seeking a strong presence in the Crossett community. The asking price of $145,000 reflects the property's considerable potential and its strategic location within a thriving area. This is an excellent chance to acquire a piece of Crossett's commercial landscape and capitalize on its growth prospects. The property's versatility allows for a wide range of development possibilities, from retail spaces to office buildings, or even a mixed-use development. Serious inquiries are encouraged to explore the full potential of this promising investment. The property is ready for its next chapter, and the possibilities are limitless. Don't miss this opportunity to own a piece of Crossett's Main Street.

• CAP approach

  CAP return

  Valuation

  6%

  $681,583

  6.5%

  $629,153

  7%

  $584,214

• Comparable approach

  Method

  Valuation

  Relative Method

  $327,169

  Geo Method

  $306,792

• Alternative Use

  Use

  Valuation

  Residential

  $780,150

  Hospitality

  $714,613

  Educational

  $594,550

  Medical

  $614,997

  Retail

  $924,856

Location Insight

City

Crossett

County

Ashley

State

Arkansas

Latitude

33.1318

Longitude

-91.9618

Property Tax & Assessments

FAQs

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