204 Stephenson AveHarrison, AR 72601

Property Details for 204 Stephenson Ave

Year built

1955

Lot size

0.08 AC

Property size (Sq ft)

6,528 SF

Property type

Showrooms

APN

825-01031-000C

APU

82501031000C

Description

This exceptional 8,500 square foot commercial property, situated on a 0.08-acre lot at 204 W Stephenson Avenue in Harrison, Arkansas, presents a unique investment opportunity. Located in Harrison's burgeoning entertainment district, this building boasts unparalleled visibility from Main Street, providing ideal space for signage and attracting significant foot traffic. The property's versatile layout is perfect for a diverse range of businesses, including restaurants, retail shops, art studios, dance studios, or any other creative enterprise. A significant advantage for downtown businesses is readily available parking, eliminating a common concern for potential tenants or owners. The building's prime location within the newly established entertainment district ensures high visibility and accessibility. While the listed square footage is 8,500 square feet, potential buyers are advised to independently verify this measurement as it may differ from tax records. This property offers a rare chance to establish a thriving business in a vibrant and rapidly developing area. The asking price for this exceptional commercial space is $299,000. Serious inquiries are encouraged to explore this exciting opportunity further.

• CAP approach

  CAP return

  Valuation

  6%

  $836,515

  6.5%

  $772,168

  7%

  $717,013

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,176,708

  Geo Method

  $1,176,708

• Alternative Use

  Use

  Valuation

  Residential

  $651,352

  Hospitality

  $596,635

  Educational

  $496,393

  Medical

  $513,465

  Retail

  $772,168

Location Insight

City

Harrison

County

Boone

State

Arkansas

Latitude

36.2295

Longitude

-93.109

CBSA code

25460

CBSA name

HARRISON, AR MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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