7070 Highway 62Gassville, AR 72635

Property Details for 7070 Highway 62

Lot size

0.84 AC

Property size (Sq ft)

2,880 SF

Property type

Retail space

APN

005-02771-032

APU

502771032

Description

This exceptional Gassville, AR property offers a unique blend of residential and commercial opportunities. Situated on a 2.64-acre lot with 20+ paved parking spaces, the property boasts high visibility on US Hwy 62/412, a corridor with over 14,000 cars daily. The commercial building, measuring 80x36 feet, includes three offices, two restrooms, a storefront, a service bay with a roll-up door, and a four-space billboard generating rental income. The attached residential component features a spacious 1550+ square foot home with three bedrooms and 1.5 bathrooms. The home includes a fenced yard, a 23x37 detached garage/shop with electricity and workbenches, and a fireplace in the living room. The kitchen and dining area are open concept with ample cabinetry and a breakfast bar. The primary bedroom offers a half-bath. A sunroom leads to a covered patio. Approximately one acre of the fenced yard is cleared. City sewer is available, and a private well is in place, with city water also an option. The property's location offers convenient access to the White River, shopping, restaurants, businesses, medical facilities, and a hospital. This versatile property presents numerous income streams and lifestyle options, from operating a business from home to renting out the commercial building or both the home and the commercial space.

• CAP approach

  CAP return

  Valuation

  6%

  $1,001,653

  6.5%

  $924,602

  7%

  $858,559

• Comparable approach

  Method

  Valuation

  Relative Method

  $565,802

  Geo Method

  $565,802

• Alternative Use

  Use

  Valuation

  Residential

  $779,937

  Hospitality

  $714,418

  Educational

  $594,387

  Medical

  $614,829

  Retail

  $924,602

Location Insight

City

Gassville

County

Baxter

State

Arkansas

Latitude

36.2892

Longitude

-92.4746

CBSA code

34260

CBSA name

MOUNTAIN HOME, AR MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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