1016 Military RdBenton, AR 72015

Property Details for 1016 Military Rd

Lot size

0.34 AC

Property size (Sq ft)

1,000 SF

Property type

Retail space

APN

805-15171-000

APU

80515171000

Description

This exceptional 1,000-square-foot freestanding commercial building is situated on a 0.33-acre lot in Benton, Arkansas, at 1016 Military Road, zip code 72015. Built in 1998, the property boasts a highly desirable C2 zoning designation. Its strategic location on Military Road offers unparalleled visibility and accessibility, with approximately 95 feet of frontage. The high-traffic area sees 21,000 vehicles per day on Military Road, complemented by the proximity of Alcoa Boulevard (5,200 VPD) and Interstate 30 (87,000 VPD). The property benefits from its position near two signalized intersections, enhancing visibility and customer access. This location is surrounded by other single-tenant commercial businesses, including national chains like McDonald's, Walmart, and several banks. The property's proximity to a Walmart Supercenter further enhances its appeal. Benton, the county seat of Saline County, enjoys a robust population of 38,371, within a larger county population of 123,416. The asking price for this turnkey opportunity is $295,000, representing a price per square foot of $295. This property presents a compelling investment opportunity in a thriving commercial corridor. The property includes one building on a single unit.

• CAP approach

  CAP return

  Valuation

  6%

  $233,653

  6.5%

  $215,679

  7%

  $200,274

• Comparable approach

  Method

  Valuation

  Relative Method

  $180,256

  Geo Method

  $180,256

• Alternative Use

  Use

  Valuation

  Residential

  $181,934

  Hospitality

  $166,650

  Educational

  $138,651

  Medical

  $143,419

  Retail

  $215,679

Location Insight

City

Benton

County

Saline

State

Arkansas

Latitude

34.5732

Longitude

-92.5816

CBSA code

30780

CBSA name

LITTLE ROCK-NORTH LITTLE ROCK, AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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