611 Broadway StSmackover, AR 71762

Property Details for 611 Broadway St

Year built

1940

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.05 AC

Property size (Sq ft)

1,875 SF

Property type

Turn key restaurants

APN

05680-00150-0000

APU

5680001500000

Description

This exceptional business opportunity is located at 611 Broadway in the thriving town of Smackover, Arkansas. Situated on a conveniently sized 0.13-acre lot, this property presents a unique chance for an entrepreneur to establish or expand their business presence. The asking price is $149,995. While the exact square footage of the building is not currently specified, the property's prime location on Broadway offers excellent visibility and accessibility for customers. Smackover's robust local economy and supportive community make this an ideal setting for a variety of business ventures. The property's compact yet functional lot size allows for efficient operations and potentially minimizes overhead costs. This presents a rare chance to acquire a well-positioned business property in a desirable Arkansas town. Serious inquiries are encouraged to explore the potential of this turnkey opportunity. The property is offered as-is. Further details regarding the building's specifications and potential uses are available upon request. Don't miss this chance to own a piece of Smackover's commercial landscape. Act quickly, as opportunities like this are seldom available.

• CAP approach

  CAP return

  Valuation

  6%

  $438,027

  6.5%

  $404,333

  7%

  $375,452

• Comparable approach

  Method

  Valuation

  Relative Method

  $691,086

  Geo Method

  $337,979

• Alternative Use

  Use

  Valuation

  Residential

  $341,070

  Hospitality

  $312,418

  Educational

  $259,928

  Medical

  $268,868

  Retail

  $404,333

Location Insight

City

Smackover

County

Union

State

Arkansas

Latitude

33.3653

Longitude

-92.7245

CBSA code

20980

CBSA name

EL DORADO, AR MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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