2235 Dave Ward DrConway, AR 72034

Property Details for 2235 Dave Ward Dr

Year built

2012

Lot size

1.25 AC

Property size (Sq ft)

22,026 SF

Property type

Office buildings

APN

710-08562-017

APU

71008562017

Description

This exceptional turnkey restaurant space in Conway, Arkansas, offers 2,205 square feet of interior space and a spacious 1,000-square-foot patio. Ideally situated across from the University of Central Arkansas, it benefits from high foot traffic and proximity to a large student, faculty, and resident population. The property is move-in ready, minimizing setup time and costs, making it an economical choice for a quick and efficient launch. Located in a rapidly developing area with significant new construction, this restaurant space is perfectly positioned to capitalize on the area's growth and increasing demand. The single-tenant space is suitable for various food service concepts, from casual dining to quick-serve establishments. The address is 2235 Dave Ward Dr, Conway, AR 72034. This presents a fantastic opportunity to establish a thriving business in a high-traffic, up-and-coming area.

• CAP approach

  CAP return

  Valuation

  6%

  $2,781,266

  6.5%

  $2,567,322

  7%

  $2,383,942

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,575,520

  Geo Method

  $1,575,520

• Alternative Use

  Use

  Valuation

  Residential

  $3,183,480

  Hospitality

  $2,916,050

  Educational

  $2,426,120

  Medical

  $2,509,558

  Retail

  $3,773,964

Location Insight

City

Conway

County

Faulkner

State

Arkansas

Latitude

35.0691

Longitude

-92.4582

CBSA code

30780

CBSA name

LITTLE ROCK-NORTH LITTLE ROCK, AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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