501 Main StMarshall, AR 72650

  • Auto shops
  • 2,400 SF
For Sale
$135,000 View listing

Property Details for 501 Main St

Year built
1988
Construction
FRAME
Lot size
0.12 AC
Property size (Sq ft)
2,400 SF
Property type
Auto shops
APN
900-00291-000
APU
90000291000

Description

This exceptional 0.12-acre commercial lot presents a unique investment opportunity in the thriving city of Marshall, Arkansas. Located at 501 Main, this property boasts a highly visible address in a bustling area, ideal for a variety of commercial ventures. The lot's size offers ample space for development, allowing for flexibility in design and construction to suit specific business needs. Its prime location ensures high foot traffic and excellent visibility, maximizing potential for attracting customers and clients. The asking price of $135,000 represents a compelling value for a property with such significant potential in a growing market. This is a rare chance to acquire a strategically positioned commercial lot in a desirable Arkansas town. The property is classified as "Other" in terms of property type, indicating its versatility and suitability for a range of commercial uses. Serious inquiries are encouraged to explore the possibilities this exceptional location offers. Given the size and location, this property is well-suited for a variety of commercial uses, from retail establishments to small office spaces, or even a mixed-use development. The address, 501 Main, ensures easy accessibility and high visibility for any business operating from this location. Don't miss this opportunity to secure a prime piece of commercial real estate in Marshall, AR. Further details and potential development options can be discussed upon request.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $307,542
    6.5%
    $283,885
    7%
    $263,608
  • Comparable approach

    Method
    Valuation
    Relative Method
    $432,613
    Geo Method
    $432,613
  • Alternative Use

    Use
    Valuation
    Residential
    $239,468
    Hospitality
    $219,351
    Educational
    $182,498
    Medical
    $188,774
    Retail
    $283,885

Location Insight

City
Marshall
County
Searcy
State
Arkansas
Latitude
35.908
Longitude
-92.6268

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$436
$540
$7,760
$8,300
-
$2,700
$38,800
$41,500

FAQs

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