2101 Highway 7Harrison, AR 72601

Property Details for 2101 Highway 7

Year built

1960

Lot size

0.99 AC

Property size (Sq ft)

3,336 SF

Property type

Auto shops

APN

825-00920-000C

APU

82500920000C

Description

This exceptional commercial property boasts a prime location at the intersection of Highway 7 North and Highway 43 East in Harrison, Arkansas. The offering includes a substantial 0.9-acre lot with 165 feet of Highway 7 frontage, ensuring high visibility and accessibility. The main building features 1,000 square feet of showroom space, ideal for retail or office use. Additionally, a 1,456 square foot apartment is included, providing potential for rental income or owner occupancy. A spacious unfinished 1,236 square foot basement offers significant storage or expansion possibilities. Completing this versatile property is a large 50' x 143' shop building equipped with eight overhead doors, perfect for various commercial uses, including storage, manufacturing, or light industrial operations. The property's strategic location and diverse range of spaces present a unique opportunity for a variety of businesses seeking a prominent presence in a thriving area. The sale includes only the real estate

• CAP approach

  CAP return

  Valuation

  6%

  $427,484

  6.5%

  $394,600

  7%

  $366,415

• Comparable approach

  Method

  Valuation

  Relative Method

  $601,333

  Geo Method

  $601,333

• Alternative Use

  Use

  Valuation

  Residential

  $332,860

  Hospitality

  $304,898

  Educational

  $253,672

  Medical

  $262,396

  Retail

  $394,600

Location Insight

City

Harrison

County

Boone

State

Arkansas

Latitude

36.2556

Longitude

-93.0909

CBSA code

25460

CBSA name

HARRISON, AR MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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