26 First StFranklin, AR 72536

Property Details for 26 First St

Year built

1978

Lot size

0.09 AC

Property size (Sq ft)

1,600 SF

Property type

Individual retail properties

APN

390-00004-000

APU

39000004000

Description

This exceptional commercial property, located at 26 First in Franklin, Arkansas, presents a unique investment opportunity. The 0.09-acre lot offers significant potential for a variety of commercial ventures. Its strategic location within Franklin provides easy access to local businesses and amenities, making it an ideal site for entrepreneurs seeking a high-visibility location. The property's size is particularly attractive for smaller-scale businesses or those requiring a manageable footprint. While the square footage of any existing structures is not currently specified, the land itself is ready for development, allowing for customization to suit specific business needs. The asking price of $30,000 represents a compelling entry point into the Franklin commercial real estate market. Given the limited availability of land in this area, this property is expected to attract considerable interest. This is a chance to acquire a valuable piece of Franklin real estate with the potential for substantial return on investment. Serious inquiries are encouraged to explore the possibilities this property offers. The property is zoned for commercial use, though buyers are advised to conduct their own due diligence to confirm zoning and permitted uses. This is a blank canvas for your next business venture. Don't miss this opportunity to establish your presence in the thriving Franklin community.

• CAP approach

  CAP return

  Valuation

  6%

  $537,617

  6.5%

  $496,262

  7%

  $460,815

• Comparable approach

  Method

  Valuation

  Relative Method

  $314,335

  Geo Method

  $314,335

• Alternative Use

  Use

  Valuation

  Residential

  $418,616

  Hospitality

  $383,450

  Educational

  $319,026

  Medical

  $329,997

  Retail

  $496,262

Location Insight

City

Franklin

County

Izard

State

Arkansas

Latitude

36.1705

Longitude

-91.7747

Property Tax & Assessments

FAQs

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