310 49Th StTexarkana, AR 71854

Property Details for 310 49Th St

Year built

2006

Lot size

1.00 AC

Property size (Sq ft)

8,050 SF

Property type

Bars

APN

2610040

APU

2610040

Description

This exceptional investment opportunity presents a fully operational bar and entertainment venue in Texarkana, Arkansas. The property encompasses a single-story, 8,050 square foot building constructed in 2006, situated on approximately one acre of land. Currently operating at 100% occupancy, the Whiskey River Country Bar boasts a vibrant atmosphere, complete with a spacious dance floor and stylish lounge areas. The state-of-the-art sound system and lighting create an immersive experience perfect for live music, DJ sets, and other events. This turnkey operation is priced at $1,200,000, including the building and established business. An adjacent parcel of approximately 2.68 acres is available for an additional $200,000, offering significant expansion potential for a discerning buyer. The property is located at 310 E 49th St, Texarkana, AR 71854, in Miller County. This prime location within a thriving market presents a rare chance to acquire a successful, established business with substantial growth opportunities. The property's size and existing infrastructure provide a solid foundation for continued success and future development. Financial details are available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $2,606,051

  6.5%

  $2,405,586

  7%

  $2,233,758

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,967,062

  Geo Method

  $1,451,058

• Alternative Use

  Use

  Valuation

  Residential

  $2,029,202

  Hospitality

  $1,858,738

  Educational

  $1,546,448

  Medical

  $1,599,633

  Retail

  $2,405,586

Location Insight

City

Texarkana

County

Miller

State

Arkansas

Latitude

33.4689

Longitude

-94.0403

CBSA code

45500

CBSA name

TEXARKANA, TX-TEXARKANA, AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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