324 Main StRector, AR 72461

Property Details for 324 Main St

Year built

1997

Lot size

0.17 AC

Property size (Sq ft)

7,000 SF

Property type

Outlet malls

APN

751-02732-000E

APU

75102732000E

Description

This exceptional 0.17-acre commercial lot presents a unique investment opportunity in the thriving town of Rector, Arkansas. Located at 324 Main Street, this property boasts a highly visible street frontage, ideal for a variety of commercial ventures. The expansive lot offers significant potential for development, allowing for the construction of a new building tailored to your specific business needs. Its central location within Rector ensures easy access to local amenities, a strong customer base, and convenient transportation links. The property's size makes it suitable for a range of uses, from retail spaces and restaurants to professional offices or light industrial operations. This is a rare chance to acquire a prime piece of commercial real estate in a growing Arkansas community. The asking price of $184,000 reflects the significant value and potential of this exceptional property. Don't miss this opportunity to establish your business in a strategic location with high visibility and growth potential. The property is ready for immediate development, offering a streamlined path to realizing your commercial ambitions. Serious inquiries are encouraged to explore the possibilities this exceptional lot presents. Further details are available upon request. Act quickly, as opportunities like this are seldom available.

• CAP approach

  CAP return

  Valuation

  6%

  $2,352,075

  6.5%

  $2,171,146

  7%

  $2,016,065

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,375,214

  Geo Method

  $1,375,214

• Alternative Use

  Use

  Valuation

  Residential

  $1,831,443

  Hospitality

  $1,677,592

  Educational

  $1,395,737

  Medical

  $1,443,738

  Retail

  $2,171,146

Location Insight

City

Rector

County

Clay

State

Arkansas

Latitude

36.2638

Longitude

-90.2931

Property Tax & Assessments

FAQs

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