1310 9Th StTexarkana, AR 71854

Property Details for 1310 9Th St

Year built

1940

Lot size

0.47 AC

Property size (Sq ft)

2,363 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

5470020

APU

5470020

Description

This exceptional investment opportunity in Texarkana, Arkansas presents a unique blend of commercial properties. Situated on a 0.8-acre lot at the intersection of 9th and Broad Streets, this property encompasses two buildings totaling 3,483 square feet. One building, approximately 2,363 square feet, is currently configured as an auto repair shop, while the adjacent building, approximately 1,120 square feet, functions as a restaurant. Both buildings are situated on a single story and were constructed in 1940. The property is zoned C-3, offering flexibility for a variety of uses. The asking price for the entire property is $250,000; however, each building is also available for individual purchase at $125,000. This presents a rare chance to acquire a well-established, dual-income generating property in a thriving community. The property's location at a major intersection provides excellent visibility and accessibility. The parcel's APN is 5470020. This is an ideal opportunity for investors seeking a diversified portfolio or entrepreneurs looking to establish a combined automotive and food service business. The property's history and established infrastructure provide a solid foundation for future growth and profitability. Don't miss this chance to own a piece of Texarkana's commercial landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $764,981

  6.5%

  $706,137

  7%

  $655,698

• Comparable approach

  Method

  Valuation

  Relative Method

  $870,952

  Geo Method

  $425,944

• Alternative Use

  Use

  Valuation

  Residential

  $595,653

  Hospitality

  $545,615

  Educational

  $453,945

  Medical

  $469,557

  Retail

  $706,137

Location Insight

City

Texarkana

County

Miller

State

Arkansas

Latitude

33.4306

Longitude

-94.0288

CBSA code

45500

CBSA name

TEXARKANA, TX-TEXARKANA, AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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