920 Main StMalvern, AR 72104

Property Details for 920 Main St

Year built

1951

Lot size

0.28 AC

Property size (Sq ft)

5,352 SF

Property type

Individual retail properties

APN

700-01798-000

APU

70001798000

Description

This exceptional mixed-use property, located at 920 & 930 S Main St in Malvern, Arkansas, presents a compelling investment opportunity. Encompassing 5,352 square feet on a 0.66-acre lot, this single-story building, constructed in 1951, currently boasts 80% occupancy with two long-term tenants under month-to-month leases. The property features ample parking with 25 spaces, a significant advantage in this high-traffic area. The building's prime location in the heart of downtown Malvern ensures high visibility and consistent foot traffic. The permitted commercial zoning allows for flexibility, and the existing structure offers potential for expansion or renovation. An additional space is available, presenting an opportunity to secure a third tenant and increase rental income. A new roof liner was installed approximately five years ago. This property offers a blend of established income and future growth potential, making it an attractive investment in a thriving Arkansas community. The property includes two adjacent lots, providing ample space and parking. This is a rare opportunity to acquire a substantial commercial property in a desirable downtown location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,250,466

  6.5%

  $1,154,276

  7%

  $1,071,828

• Comparable approach

  Method

  Valuation

  Relative Method

  $964,728

  Geo Method

  $964,728

• Alternative Use

  Use

  Valuation

  Residential

  $973,675

  Hospitality

  $891,881

  Educational

  $742,035

  Medical

  $767,554

  Retail

  $1,154,276

Location Insight

City

Malvern

County

Hot Spring

State

Arkansas

Latitude

34.3599

Longitude

-92.8105

CBSA code

31680

CBSA name

MALVERN, AR MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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