204 Arkansas BlvdTexarkana, AR 71854

Property Details for 204 Arkansas Blvd

Year built

1969

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.32 AC

Property size (Sq ft)

1,980 SF

Property type

Medical offices

Property subtype

Medical centers

APN

4210250

APU

4210250

Description

This 1,980 square foot Class B office building, situated at 204 Arkansas Blvd in Texarkana, Arkansas, presents a compelling investment opportunity. Built in 1969 and renovated within the last 10 years, this single-story, single-unit property boasts 100% occupancy with a gross lease in place. The asking price is $400,000, translating to $202.02 per square foot. Located on a 0.32-acre lot, the property benefits from a prime location directly facing a Walmart Supercenter and surrounded by other major retailers including Albertson's, CVS, Walgreens, Healthcare Express, Starbucks, and Schlotzky's. The high visibility and traffic volume in this established commercial corridor (over 14,000 vehicles per day) make it ideal for a variety of uses, including executive or medical offices, and potentially retail. A fenced rear yard offers potential for parking expansion. The current owner is constructing a new strip center at Interstate 30 and is willing to offer a short-term leaseback to the buyer, or vacate the premises, depending on the buyer's needs. The property is zoned for office use. This is a rare opportunity to acquire a well-located, income-producing asset in the heart of Texarkana's thriving commercial district.

• CAP approach

  CAP return

  Valuation

  6%

  $436,049

  6.5%

  $402,506

  7%

  $373,756

• Comparable approach

  Method

  Valuation

  Relative Method

  $289,598

  Geo Method

  $141,629

• Alternative Use

  Use

  Valuation

  Residential

  $499,108

  Hospitality

  $457,180

  Educational

  $380,369

  Medical

  $393,450

  Retail

  $591,684

Location Insight

City

Texarkana

County

Miller

State

Arkansas

Latitude

33.46

Longitude

-94.0408

CBSA code

45500

CBSA name

TEXARKANA, TX-TEXARKANA, AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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