1514 Arkansas BlvdTexarkana, AR 71854

Property Details for 1514 Arkansas Blvd

Year built

1997

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.76 AC

Property size (Sq ft)

10,126 SF

Property type

Turn key restaurants

APN

1450331

APU

1450331

Description

This exceptional restaurant property in Texarkana, Arkansas, presents a lucrative investment opportunity. Located at 1514 Arkansas Blvd, 71854, this 10,126 square foot establishment sits on a spacious 1.757-acre lot, offering ample on-site parking for patrons. The property boasts a prime location known for its high traffic volume, ensuring significant visibility and accessibility. The asking price for the sale of this turnkey operation is $1,450,000, translating to $143.20 per square foot. Alternatively, the property is available for lease at a monthly rate of $7,800. This well-situated restaurant is ready for immediate occupancy and presents a unique chance to acquire a thriving business or establish a new venture in a highly desirable area. The property's size and location make it ideal for a variety of culinary concepts, offering significant potential for growth and profitability. The substantial lot size provides ample space for outdoor seating or expansion, further enhancing its appeal. Don't miss this chance to own a piece of Texarkana's vibrant culinary scene.

• CAP approach

  CAP return

  Valuation

  6%

  $3,278,121

  6.5%

  $3,025,958

  7%

  $2,809,818

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,732,232

  Geo Method

  $1,825,268

• Alternative Use

  Use

  Valuation

  Residential

  $2,552,509

  Hospitality

  $2,338,084

  Educational

  $1,945,259

  Medical

  $2,012,159

  Retail

  $3,025,958

Location Insight

City

Texarkana

County

Miller

State

Arkansas

Latitude

33.4603

Longitude

-94.0268

CBSA code

45500

CBSA name

TEXARKANA, TX-TEXARKANA, AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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