117 Main StHarrison, AR 72601

Property Details for 117 Main St

Year built

1914

Lot size

0.12 AC

Property size (Sq ft)

9,636 SF

Property type

Retail space

APN

825-00960-000C

APU

82500960000C

Description

This exceptional retail property, located at 117 N Main Street in the heart of downtown Harrison, Arkansas, presents a unique investment opportunity. Boasting a substantial 9,636 square feet of space spread across three distinct levels, this building offers unparalleled versatility. The current configuration is ideal for retail use, with multiple possibilities for expansion or adaptation. The three separate entrances provide convenient access and potential for multiple tenants or distinct business operations. The prime location on Main Street places the property within the vibrant and revitalizing downtown area, ensuring high visibility and foot traffic. The upper levels present a significant opportunity for conversion into residential living spaces, adding another dimension to the property's income potential. The 0.12-acre lot provides ample space for outdoor activities or potential expansion. Properties of this size and location in Harrison are rarely available, making this a truly exceptional investment prospect. The building's substantial size and flexible layout provide a blank canvas for a wide range of commercial ventures, from retail shops and restaurants to offices and mixed-use developments. Don't miss this chance to acquire a landmark property in a thriving downtown area. Priced at $275,000, this is an opportunity not to be missed.

• CAP approach

  CAP return

  Valuation

  6%

  $1,234,782

  6.5%

  $1,139,799

  7%

  $1,058,385

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,736,943

  Geo Method

  $1,736,943

• Alternative Use

  Use

  Valuation

  Residential

  $961,463

  Hospitality

  $880,695

  Educational

  $732,728

  Medical

  $757,928

  Retail

  $1,139,799

Location Insight

City

Harrison

County

Boone

State

Arkansas

Latitude

36.2305

Longitude

-93.107

CBSA code

25460

CBSA name

HARRISON, AR MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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