1111 Harrison StConway, AR 72032

Property Details for 1111 Harrison St

Year built

1992

Lot size

0.11 AC

Property size (Sq ft)

3,124 SF

Property type

Retail properties

Property subtype

Retail space

APN

710-03765-000

APU

71003765000

Description

This exceptional 0.12-acre commercial lot presents a unique investment opportunity in the thriving city of Conway, Arkansas. Situated at 1111 Harrison Street, this property boasts a prime location with significant potential for various commercial ventures. The lot's size offers ample space for a range of development projects, from small-scale retail businesses to professional offices. Its strategic location within Conway ensures high visibility and accessibility, attracting a substantial customer base. The asking price of $299,000 reflects the property's exceptional value and potential for significant return on investment. Given the current market conditions and the property's desirable location, this lot is expected to attract considerable interest from developers and investors seeking a foothold in Conway's dynamic commercial landscape. The address, 1111 Harrison Street, provides easy access to major transportation routes, ensuring convenient commutes for employees and customers alike. This property represents a rare opportunity to acquire a strategically located commercial lot in a rapidly growing area, offering substantial potential for future growth and profitability. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. The absence of existing structures allows for complete design flexibility, catering to a wide range of development plans. This presents a blank canvas for creating a bespoke commercial space tailored to specific business needs.

• CAP approach

  CAP return

  Valuation

  6%

  $579,955

  6.5%

  $535,343

  7%

  $497,104

• Comparable approach

  Method

  Valuation

  Relative Method

  $563,118

  Geo Method

  $563,118

• Alternative Use

  Use

  Valuation

  Residential

  $451,582

  Hospitality

  $413,646

  Educational

  $344,149

  Medical

  $355,985

  Retail

  $535,343

Location Insight

City

Conway

County

Faulkner

State

Arkansas

Latitude

35.0939

Longitude

-92.4389

CBSA code

30780

CBSA name

LITTLE ROCK-NORTH LITTLE ROCK, AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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