558 Highway 365Mayflower, AR 72106

Property Details for 558 Highway 365

Year built

2004

Lot size

1.02 AC

Property size (Sq ft)

3,200 SF

Property type

Turn key restaurants

APN

760-01161-000

APU

76001161000

Description

This exceptional 0.25-acre commercial lot, located at 558 Hwy 365 in Mayflower, Arkansas, presents a unique investment opportunity. Priced competitively at $399,000, this property offers significant potential for a variety of commercial ventures. Its strategic location on Highway 365 ensures high visibility and accessibility, making it ideal for businesses seeking strong foot traffic and convenient access for customers. The lot's size provides ample space for development, allowing for flexibility in design and construction to suit specific business needs. The property is situated within the thriving community of Mayflower, offering a strong local market and a supportive business environment. This is a rare opportunity to acquire a well-positioned commercial lot in a growing area. The absence of existing structures allows for complete customization, enabling the creation of a building tailored to the specific requirements of the future business. This prime location offers excellent potential for return on investment, making it an attractive proposition for both established businesses seeking expansion and entrepreneurs looking to establish a new venture. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. The property is ready for immediate development, eliminating delays and allowing for a swift start to any project. Don't miss this chance to secure a valuable piece of commercial real estate in a dynamic and promising location. The asking price reflects the property's prime location and development potential.

• CAP approach

  CAP return

  Valuation

  6%

  $747,702

  6.5%

  $690,186

  7%

  $640,887

• Comparable approach

  Method

  Valuation

  Relative Method

  $576,818

  Geo Method

  $576,818

• Alternative Use

  Use

  Valuation

  Residential

  $582,198

  Hospitality

  $533,290

  Educational

  $443,691

  Medical

  $458,950

  Retail

  $690,186

Location Insight

City

Mayflower

County

Faulkner

State

Arkansas

Latitude

34.9702

Longitude

-92.4213

CBSA code

30780

CBSA name

LITTLE ROCK-NORTH LITTLE ROCK, AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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