909 Broad StTexarkana, AR 71854

Property Details for 909 Broad St

Year built

1965

Lot size

2.83 AC

Property size (Sq ft)

11,425 SF

Property type

Turn key restaurants

APN

283903

APU

283903

Description

This exceptional 10,000-square-foot multi-purpose building presents a unique investment opportunity in Texarkana, Arkansas. Previously operating as a successful restaurant, this property is ideally suited for a variety of uses, including a new restaurant or a banquet facility. The building boasts a fully equipped kitchen, complete with a grease trap and vent hood, making it ready for immediate occupancy by a food service business. A highlight of this property is the expansive banquet hall, capable of seating approximately 200 guests and featuring a dance floor, perfect for weddings, corporate events, or other large gatherings. The ample parking ensures convenient access for patrons and staff. Four public restrooms are conveniently located throughout the building. The asking price is $550,000, representing a price per square foot of $55. Located at 909 E Broad St, Texarkana, AR 71854, this property is offered as a vacant NNN lease. This versatile space offers significant potential for a discerning investor seeking a high-return commercial property in a thriving location. The building's size, amenities, and prime location make it an attractive prospect for a wide range of businesses. Don't miss this chance to acquire a substantial and well-equipped commercial property in a desirable market.

• CAP approach

  CAP return

  Valuation

  6%

  $3,698,650

  6.5%

  $3,414,139

  7%

  $3,170,272

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,211,016

  Geo Method

  $2,059,420

• Alternative Use

  Use

  Valuation

  Residential

  $2,879,954

  Hospitality

  $2,638,022

  Educational

  $2,194,804

  Medical

  $2,270,286

  Retail

  $3,414,139

Location Insight

City

Texarkana

County

Miller

State

Arkansas

Latitude

33.4314

Longitude

-94.028

CBSA code

45500

CBSA name

TEXARKANA, TX-TEXARKANA, AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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