2800 2Nd StCabot, AR 72023

Property Details for 2800 2Nd St

Year built

2006

Lot size

3.14 AC

Property size (Sq ft)

6,000 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

723-06501-000

APU

72306501000

Description

South Fork Plaza, located at 2800 S 2nd St in Cabot, Arkansas (zip code 72023, Lonoke County), offers a unique opportunity for businesses seeking high-visibility office or retail space. This single-story, 33,835 square foot building, constructed in 2006, features a variety of suite sizes, with a minimum divisible space of 844 square feet and a total of 11,532 square feet currently vacant. The property is ideally suited for medical offices, executive offices, or salons, given its existing tenant mix. The building boasts prominent marquee signage and ample parking with 207 spaces, ensuring convenient access for clients and employees. Its strategic location provides excellent visibility, with approximately 11,000 vehicles passing daily, guaranteeing significant exposure for your business. Tenant improvement options are available and negotiable, allowing for customization to meet specific business needs. This multi-tenant property presents a compelling investment opportunity in a thriving Arkansas community. The property is categorized as Retail, Office, and Restaurant space.

• CAP approach

  CAP return

  Valuation

  6%

  $1,335,792

  6.5%

  $1,233,038

  7%

  $1,144,964

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,159,307

  Geo Method

  $1,159,307

• Alternative Use

  Use

  Valuation

  Residential

  $1,040,114

  Hospitality

  $952,739

  Educational

  $792,668

  Medical

  $819,929

  Retail

  $1,233,038

Location Insight

City

Cabot

County

Lonoke

State

Arkansas

Latitude

34.9526

Longitude

-92.0531

CBSA code

30780

CBSA name

LITTLE ROCK-NORTH LITTLE ROCK, AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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