1015 35Th StTexarkana, AR 71854

Property Details for 1015 35Th St

Year built

1977

Construction

FRAME

Lot size

0.46 AC

Property size (Sq ft)

2,408 SF

Property type

Medical offices

Property subtype

Medical centers

APN

2171020

APU

2171020

Description

This 2,408-square-foot medical office building, located at 1015 E 35th St, Texarkana, AR 71854, presents a unique investment opportunity. The Class B property, built in 1977 and extensively renovated in 2022, sits on a 0.455-acre lot and is zoned for commercial use. Currently vacant, the space offers significant potential for various uses, including its original configuration as a dental office. The interior features a spacious waiting area, reception/work area, patient intake room, four operatories fully plumbed for dental equipment (water, suction, air, oxygen, and nitrous oxide), two lab areas, two restrooms, and an employee break room. High-speed internet (gigabit Cat 6) and a phone system are installed throughout. Recent upgrades include a new roof, windows, HVAC system, lighting, and ballasts (2021/2022). The property also includes an open grassy area behind the building. The asking price is $285,000, translating to $118.36 per square foot. The property's APN is 2171020. This is a single-story building with excellent potential for a variety of medical or professional uses. The property is ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $530,306

  6.5%

  $489,513

  7%

  $454,548

• Comparable approach

  Method

  Valuation

  Relative Method

  $352,198

  Geo Method

  $172,244

• Alternative Use

  Use

  Valuation

  Residential

  $606,996

  Hospitality

  $556,005

  Educational

  $462,590

  Medical

  $478,499

  Retail

  $719,584

Location Insight

City

Texarkana

County

Miller

State

Arkansas

Latitude

33.4568

Longitude

-94.0317

CBSA code

45500

CBSA name

TEXARKANA, TX-TEXARKANA, AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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