2406 Linwood DrParagould, AR 72450

Property Details for 2406 Linwood Dr

Lot size

2.32 AC

Property size (Sq ft)

3,055 SF

Property type

Office buildings

APN

1609-00001-000

APU

160900001000

Description

This exceptional Class A mixed-use property, totaling 3,000 square feet, is situated on a 2.32-acre lot in Paragould, Arkansas. Built in 2021 and renovated three years ago, this single-story building offers a versatile space suitable for executive, medical, or traditional office uses, as well as retail or self-storage options. The property's strategic location benefits from high visibility, with exposure to 24,100 vehicles daily. Its proximity to a new, high-volume Walmart Neighborhood Market ensures significant foot traffic and customer access. Furthermore, its location near the Paragould Country Club and the planned expansion of the 8-mile Creek Trail adds to its appeal. The property is zoned for commercial use and sits at a signalized intersection of Hwy 49/Linwood Drive and Finch Road, providing easy access. The asking price is $1,400,000. The seller will consider dividing the property. This represents a unique opportunity for development in an area that has seen significant investment in Paragould, Arkansas. The property's address is 2406 Linwood Dr, Paragould, AR 72450, with APN 1609-00001-000.

• CAP approach

  CAP return

  Valuation

  6%

  $698,308

  6.5%

  $644,592

  7%

  $598,550

• Comparable approach

  Method

  Valuation

  Relative Method

  $238,168

  Geo Method

  $238,168

• Alternative Use

  Use

  Valuation

  Residential

  $799,294

  Hospitality

  $732,149

  Educational

  $609,140

  Medical

  $630,089

  Retail

  $947,550

Location Insight

City

Paragould

County

Greene

State

Arkansas

Latitude

36.0321

Longitude

-90.5219

CBSA code

37500

CBSA name

PARAGOULD, AR MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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