504 Centerton BlvdCenterton, AR 72719

Property Details for 504 Centerton Blvd

Year built

2020

Lot size

2.77 AC

Property size (Sq ft)

15,211 SF

Property type

Community centers

APN

06-00081-012

APU

600081012

Description

This exceptional Class A retail and office space, located at 504 E Centerton Blvd in Centerton, Arkansas, 72719, presents a unique opportunity for businesses seeking a vibrant and growing location. The property, built in 2020, comprises a single-story, 15,000 square foot building, offering multiple tenancy options. Currently, 1,800 square feet of vacant space is immediately available, with a minimum divisible unit of 1,000 square feet. This allows for flexibility to accommodate various business needs and expansion plans. The property benefits from its high-traffic location on Centerton Boulevard, experiencing approximately 28,000 vehicles per day. Centerton's rapid growth makes this an ideal spot for businesses looking to establish or expand their presence in a thriving market. The space is part of the Lake View Plaza, a multi-tenant building offering a collaborative and convenient environment. Leasing terms are Net, Net, Net (NNN), with tenants responsible for utilities. This prime location and modern building offer a compelling opportunity for businesses seeking a strategic advantage in a dynamic market. The property's convenient access and visibility on Centerton Boulevard ensure high visibility and accessibility for customers. The available space is perfect for a variety of retail or office uses, providing a flexible and adaptable environment for businesses of all sizes.

• CAP approach

  CAP return

  Valuation

  6%

  $1,949,177

  6.5%

  $1,799,240

  7%

  $1,670,723

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,741,868

  Geo Method

  $2,741,868

• Alternative Use

  Use

  Valuation

  Residential

  $1,517,727

  Hospitality

  $1,390,230

  Educational

  $1,156,655

  Medical

  $1,196,434

  Retail

  $1,799,240

Location Insight

City

Centerton

County

Benton

State

Arkansas

Latitude

36.3593

Longitude

-94.2763

CBSA code

22220

CBSA name

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

Property Tax & Assessments

FAQs

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