270 Main StHardy, AR 72542

Property Details for 270 Main St

Lot size

1.04 AC

Property size (Sq ft)

3,080 SF

Property type

Drive through restaurants

APN

760-05991-010

APU

76005991010

Description

This exceptional 3,080 square foot retail building, situated on a 1.04-acre lot in Hardy, Arkansas, presents a compelling investment opportunity. Built in 2007, the single-story structure boasts a prime location at the signalized intersection of Highways 412 and 63, ensuring high visibility and substantial traffic flow. The property's strategic placement within a thriving restaurant and retail corridor, alongside established businesses such as McDonald's, Sonic, and Taco Bell, guarantees excellent exposure and potential for immediate success. Previously utilized as a fast-food restaurant, this versatile space is ideally suited for a variety of QSR, convenience store, or other retail uses. The building's condition is further enhanced by a roof replacement completed in 2014, minimizing future maintenance concerns. The asking price is $295,000, translating to a price per square foot of $95.78. This turnkey property offers immediate occupancy and significant potential for return on investment. The address is 270 W Main St, Hardy, AR 72542, in Sharp County. This is a rare opportunity to acquire a well-located, established commercial property in a growing market.

• CAP approach

  CAP return

  Valuation

  6%

  $1,034,913

  6.5%

  $955,304

  7%

  $887,068

• Comparable approach

  Method

  Valuation

  Relative Method

  $605,094

  Geo Method

  $605,094

• Alternative Use

  Use

  Valuation

  Residential

  $805,835

  Hospitality

  $738,141

  Educational

  $614,124

  Medical

  $635,245

  Retail

  $955,304

Location Insight

City

Highland

County

Sharp

State

Arkansas

Latitude

36.3167

Longitude

-91.4876

CBSA code

12900

CBSA name

BATESVILLE, AR MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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