502 Main StCabot, AR 72023

Property Details for 502 Main St

Lot size

0.34 AC

Property size (Sq ft)

3,200 SF

Property type

Retail space

APN

721-20108-000

APU

72120108000

Description

This exceptional commercial property presents a unique investment opportunity in the thriving city of Cabot, Arkansas. Located at 502 Main Street, this 1.1-acre lot offers significant potential for a variety of commercial ventures. The property's prime location on Main Street ensures high visibility and accessibility, making it an ideal site for businesses seeking strong foot traffic and convenient access for customers. The expansive lot size provides ample space for development, allowing for flexibility in design and construction to suit specific business needs. Whether you envision a retail establishment, office space, or a mixed-use development, this property offers the canvas for your vision. Its strategic location within Cabot offers access to a growing population and a robust local economy. The property's address on Main Street places it within easy reach of various amenities and services, further enhancing its appeal to potential businesses and investors. This is a rare opportunity to acquire a substantial commercial lot in a desirable location, offering significant potential for future growth and profitability. The asking price of $90,800 represents exceptional value for a property of this size and location. Serious inquiries are encouraged to explore the possibilities this property presents. Don't miss out on this chance to secure a prime piece of Cabot commercial real estate.

• CAP approach

  CAP return

  Valuation

  6%

  $712,417

  6.5%

  $657,616

  7%

  $610,643

• Comparable approach

  Method

  Valuation

  Relative Method

  $628,669

  Geo Method

  $628,669

• Alternative Use

  Use

  Valuation

  Residential

  $554,724

  Hospitality

  $508,124

  Educational

  $422,753

  Medical

  $437,292

  Retail

  $657,616

Location Insight

City

Cabot

County

Lonoke

State

Arkansas

Latitude

34.976

Longitude

-92.0197

CBSA code

30780

CBSA name

LITTLE ROCK-NORTH LITTLE ROCK, AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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