2501 KingshighwayParagould, AR 72450

Property Details for 2501 Kingshighway

Lot size

14.03 AC

Property size (Sq ft)

63,070 SF

Property type

Retail properties

APN

1002-35130-009

APU

100235130009

Description

This exceptional 12,540 square foot coworking space is situated within the bustling Town West Shopping Center in Greene County. The property offers a prime location nestled amongst a variety of established national retailers, including Belk's, Dollar Tree, Rent-A-Center, Lowe's, Taco Bell, Kentucky Fried Chicken, Chili's, and Waffle House, ensuring high visibility and foot traffic. The space is part of a larger 150,000 square foot retail and office building, providing ample parking for tenants and their clients. The convenient location benefits from significant traffic volume, with an average daily traffic count of 22,000 vehicles, as indicated by ADOT highway signage. This multiple-tenancy building presents a unique opportunity for a coworking business to thrive in a high-traffic, established retail environment. The lease rate is competitive and does not include utilities, property expenses, or building services. This allows for flexible budgeting and customized operational costs. The property's strategic location and strong tenant mix create an ideal environment for a successful coworking venture. The available space is ready for immediate occupancy and offers significant potential for growth and profitability. Highway signage is available, providing additional marketing opportunities. This is a rare opportunity to establish a coworking space in a high-traffic, well-established retail center.

• CAP approach

  CAP return

  Valuation

  6%

  $21,192,198

  6.5%

  $19,562,030

  7%

  $18,164,742

• Comparable approach

  Method

  Valuation

  Relative Method

  $12,390,682

  Geo Method

  $12,390,682

• Alternative Use

  Use

  Valuation

  Residential

  $16,501,304

  Hospitality

  $15,115,106

  Educational

  $12,575,590

  Medical

  $13,008,084

  Retail

  $19,562,030

Location Insight

City

Paragould

County

Greene

State

Arkansas

Latitude

36.0613

Longitude

-90.5183

CBSA code

37500

CBSA name

PARAGOULD, AR MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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