412 Washington StForrest City, AR 72335

Property Details for 412 Washington St

Lot size

0.64 AC

Property size (Sq ft)

25,230 SF

Property type

Outlet malls

APN

0700-00461-0000

APU

700004610000

Description

This exceptional Class A retail property, located at 412 North Washington St. in Forrest City, AR, presents a unique opportunity for businesses seeking high visibility and ample space. The single-story building, totaling 25,000 square feet, boasts 12,500 square feet of immediately available space, perfect for a variety of uses including big box retail, a gym, or urgent care facility. Built in 1980 and extensively renovated in 2023, the property is in excellent condition and offers modern amenities. The minimum divisible space is 12,500 square feet, with a maximum contiguous space also at 12,500 square feet. The strategic location next to a busy Dollar General ensures high foot traffic and excellent visibility, maximizing exposure for your business. Customer convenience is further enhanced by the availability of 150 parking spaces. The property sits on two acres of land, providing ample room for expansion or outdoor activities. This is a rare opportunity to secure a prime retail location in a thriving area. Don't miss out on this chance to establish your business in a highly visible and accessible location. The property offers a blend of modern updates and a prime location, making it an ideal investment for discerning businesses.

• CAP approach

  CAP return

  Valuation

  6%

  $5,343,808

  6.5%

  $4,932,746

  7%

  $4,580,406

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,956,666

  Geo Method

  $4,956,666

• Alternative Use

  Use

  Valuation

  Residential

  $4,160,955

  Hospitality

  $3,811,412

  Educational

  $3,171,050

  Medical

  $3,280,108

  Retail

  $4,932,746

Location Insight

City

Forrest City

County

St. Francis

State

Arkansas

Latitude

35.0124

Longitude

-90.7863

CBSA code

22620

CBSA name

FORREST CITY, AR MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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