183 Main StFarmington, AR 72730

Property Details for 183 Main St

Year built

1930

Lot size

0.25 AC

Property size (Sq ft)

2,910 SF

Zone code

C-2

Property type

Retail space

APN

760-01600-000

APU

76001600000

Description

This exceptional 2,910 square foot mixed-use building at 183 W. Main St, Farmington, AR 72730, presents a rare opportunity. Built in 1930, this single-story property boasts a rich history, having served as the area's original post office and later a general store. Recently updated, it features a new electrical system, roof, and water heater, while retaining original charm with bead-board ceilings and crown molding. The building offers ample parking for customers and employees, plus basement storage and a 30-amp trailer hookup. A comprehensive security system includes 16 cameras with remote access and keypads at both entrances. Priced at $449,900 ($154.60/sq ft), this property offers high visibility and significant foot traffic, making it ideal for a variety of businesses. Its versatile layout suits creative office, storefront, or traditional office uses. Don't miss this chance to own a piece of Farmington's history and establish your business in a thriving location.

• CAP approach

  CAP return

  Valuation

  6%

  $372,895

  6.5%

  $344,211

  7%

  $319,624

• Comparable approach

  Method

  Valuation

  Relative Method

  $524,544

  Geo Method

  $524,544

• Alternative Use

  Use

  Valuation

  Residential

  $290,355

  Hospitality

  $265,963

  Educational

  $221,278

  Medical

  $228,888

  Retail

  $344,211

Location Insight

City

Farmington

County

Washington

State

Arkansas

Latitude

36.0416

Longitude

-94.2483

CBSA code

22220

CBSA name

FAYETTEVILLE-SPRINGDALE-ROGERS, AR-MO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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