2500 Highway 367Newport, AR 72112

Property Details for 2500 Highway 367

Year built

1970

Lot size

0.39 AC

Property size (Sq ft)

1,812 SF

Property type

Turn key restaurants

APN

013-02168-000

APU

1302168000

Description

This exceptional commercial property, located at 2500 Highway 367 in Newport, Arkansas, presents a compelling investment opportunity. The 0.39-acre lot offers significant potential for a variety of commercial ventures. Its strategic location on Highway 367 ensures high visibility and accessibility, making it an ideal site for businesses seeking strong foot traffic and convenient access for customers. The property is currently vacant, providing a blank canvas for development tailored to specific business needs. The asking price of $250,000 reflects the property's prime location and development potential. This is a rare opportunity to acquire a well-situated commercial lot in a growing area. The absence of existing structures allows for complete design flexibility, enabling the construction of a building that perfectly complements the intended business operations. Prospective buyers are encouraged to conduct their own due diligence to assess the suitability of the property for their specific commercial plans. The property's size and location make it suitable for a range of commercial uses, from retail spaces to small offices or light industrial businesses. This is a chance to establish a strong presence in a vibrant community. Serious inquiries are welcome.

• CAP approach

  CAP return

  Valuation

  6%

  $473,293

  6.5%

  $436,886

  7%

  $405,680

• Comparable approach

  Method

  Valuation

  Relative Method

  $146,914

  Geo Method

  $146,914

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $851,292

  Mixed-Use / Specialty

  $435,603

  Hospitality / Lodging

  $319,945

  Office

  $433,301

  Institutional / Educational

  $452,950

  Residential Income

  $529,951

  Multifamily

  $634,074

  Automotive / Energy

  $388,243

  Parking / Income-Based Land

  $133,707

  Restaurant / Food Service

  $227,146

  Healthcare / Senior Housing

  $446,421

Location Insight

City

Newport

County

Jackson

State

Arkansas

Latitude

35.629

Longitude

-91.2514

Property Tax & Assessments

FAQs

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