620 Gaines StMonticello, AR 71655

Property Details for 620 Gaines St

Year built

2014

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.18 AC

Property size (Sq ft)

8,505 SF

Property type

Outlet malls

APN

703-03582-002

APU

70303582002

Description

This exceptional freestanding retail storefront, located at 620 W Gaines St in Monticello, Arkansas, presents a compelling investment opportunity. The property boasts a substantial 8,320 square feet of space, ideally suited for a variety of retail uses. Constructed in 2014, the single-story building sits on a generous 1.18-acre lot, providing ample room for expansion or outdoor amenities. Currently vacant, this property offers immediate occupancy for a new business. Its prime location ensures high visibility, with approximately 14,000 vehicles passing daily. The property includes prominent pylon signage, maximizing brand exposure and attracting potential customers. Offered at $416,000, this owner-user investment presents a rare chance to acquire a significant retail presence in a thriving Arkansas community. The building's size and location make it an attractive option for businesses seeking a substantial footprint with excellent visibility in a high-traffic area. The property's 2014 construction ensures modern amenities and efficient operation. This is a turnkey opportunity for a business seeking to establish or expand its retail operations in Monticello, Arkansas. The 71655 zip code offers access to a strong local market. Don't miss this chance to own a prominent retail space in a high-traffic location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,987,132

  6.5%

  $1,834,275

  7%

  $1,703,256

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,634,898

  Geo Method

  $1,533,074

• Alternative Use

  Use

  Valuation

  Residential

  $1,547,280

  Hospitality

  $1,417,300

  Educational

  $1,179,177

  Medical

  $1,219,731

  Retail

  $1,834,275

Location Insight

City

Monticello

County

Drew

State

Arkansas

Latitude

33.63

Longitude

-91.8008

Property Tax & Assessments

FAQs

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