1046 Main StVilonia, AR 72173

Property Details for 1046 Main St

Year built

1996

Lot size

2.00 AC

Property size (Sq ft)

13,613 SF

Property type

Retail properties

APN

780-00261-001

APU

78000261001

Description

This exceptional two-acre commercial lot presents a unique investment opportunity in the thriving town of Vilonia, Arkansas. Located at 1046 Main Street, this property boasts a highly visible and accessible location, ideal for a wide range of commercial ventures. The expansive two-acre parcel offers significant development potential, allowing for substantial building size and ample parking or outdoor space. The property's address on Main Street ensures high traffic visibility, maximizing exposure for any business established here. Vilonia is experiencing steady growth, making this a strategic investment in a community with a promising future. The absence of existing structures provides a blank canvas for a custom-designed building tailored to specific business needs. This presents a rare chance to create a landmark commercial property in a desirable location. The asking price of $695,000 reflects the significant potential and prime location of this exceptional commercial land offering. Serious inquiries are encouraged to explore the possibilities this property presents. The property is zoned for commercial use, allowing for a variety of development options. Further details regarding zoning regulations and development possibilities are readily available upon request. Don't miss this opportunity to secure a prominent commercial presence in Vilonia, Arkansas.

• CAP approach

  CAP return

  Valuation

  6%

  $3,105,359

  6.5%

  $2,866,485

  7%

  $2,661,736

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,453,820

  Geo Method

  $2,453,820

• Alternative Use

  Use

  Valuation

  Residential

  $2,417,988

  Hospitality

  $2,214,864

  Educational

  $1,842,741

  Medical

  $1,906,115

  Retail

  $2,866,485

Location Insight

City

Vilonia

County

Faulkner

State

Arkansas

Latitude

35.0823

Longitude

-92.2171

CBSA code

30780

CBSA name

LITTLE ROCK-NORTH LITTLE ROCK, AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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