3005 Pine StArkadelphia, AR 71923

Property Details for 3005 Pine St

Year built

2021

Lot size

1.06 AC

Property size (Sq ft)

6,980 SF

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

74-03901-000

APU

7403901000

Description

This exceptional 2,200 square foot retail space, situated on a 1.06-acre lot at 3005A Pine Street in Arkadelphia, Arkansas, presents a compelling opportunity for a quick-service restaurant (QSR) operator. Built in 2021, this single-story building offers a "plug-and-play" setup, minimizing initial investment and setup time. The property's strategic location less than a mile from Interstate 30, a major thoroughfare with approximately 36,000 vehicles daily, ensures high visibility and convenient access. Its proximity to Henderson State and Ouachita Baptist Universities, only two miles away, provides a substantial student population as a potential customer base. The property boasts a total building size of 6,980 square feet, with a minimum divisible space of 2,200 square feet, and a maximum contiguous space of 2,200 square feet currently vacant. The lease rate is $25.00 per square foot on a triple-net basis. With over 4,400 households within a 5-mile radius, this property offers a strong potential for serving the local community. The Clark County location, with APN 74-03901-000, provides a stable and attractive market for food service businesses. This is an ideal opportunity for a business seeking a well-established location with high traffic counts in a growing area. The property is zoned for C-Store and Restaurant use.

• CAP approach

  CAP return

  Valuation

  6%

  $1,630,779

  6.5%

  $1,505,334

  7%

  $1,397,811

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,258,184

  Geo Method

  $1,258,184

• Alternative Use

  Use

  Valuation

  Residential

  $1,269,806

  Hospitality

  $1,163,135

  Educational

  $967,715

  Medical

  $1,000,996

  Retail

  $1,505,334

Location Insight

City

Arkadelphia

County

Clark

State

Arkansas

Latitude

34.1184

Longitude

-93.0878

CBSA code

11660

CBSA name

ARKADELPHIA, AR MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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