230 Highway 65Clinton, AR 72031

  • Strip malls
  • 11,160 SF
For Sale
$850,000 View listing

Property Details for 230 Highway 65

Year built
2005
Lot size
1.30 AC
Property size (Sq ft)
11,160 SF
Property type
Strip malls
Property subtype
Neighborhood centers
APN
1964-00004-0000
APU
1964000040000

Description

This exceptional 11,000-square-foot shopping center in Clinton, Arkansas, presents a compelling investment opportunity. Located at 230 Hwy 65 S, zip code 72031, this 2005-built property boasts 100% occupancy and offers a diverse tenant mix including service-oriented businesses, a restaurant, and medical professionals. The asking price is $850,000, translating to a price per square foot of $77.27. The property benefits from excellent visibility and convenient access, enhanced by recent 2023 capital improvements including a resurfaced parking lot and upgraded exterior lighting. Its strategic location near Greers Ferry Lake and Archey Fork Park provides significant foot traffic and visibility. The lake's popularity for recreational activities, combined with the park's amenities (walking trails, playgrounds, picnic areas, sports fields, and event spaces), creates a high-traffic environment. The property also includes additional acreage, offering potential for expansion and future value appreciation through rental increases. This property is priced below replacement cost and presents a rare opportunity to acquire a well-maintained, high-performing retail center in a desirable location. The two retail buildings can be purchased individually or as a portfolio.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,430,072
    6.5%
    $1,320,066
    7%
    $1,225,776
  • Comparable approach

    Method
    Valuation
    Relative Method
    $2,011,652
    Geo Method
    $2,011,652
  • Alternative Use

    Use
    Valuation
    Residential
    $1,113,525
    Hospitality
    $1,019,983
    Educational
    $848,614
    Medical
    $877,799
    Retail
    $1,320,066
230 Highway 65, Clinton, Arkansas

Location Insight

City
Clinton
County
Van Buren
State
Arkansas
Latitude
35.594
Longitude
-92.4546

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$7,447
$15,600
$142,840
$158,440
-
$78,000
$714,200
$792,200

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