308 2Nd AveGravette, AR 72736

Property Details for 308 2Nd Ave

Lot size

0.37 AC

Property size (Sq ft)

2,511 SF

Property type

Self service car washes

APN

11-00326-000

APU

1100326000

Description

This exceptional commercial property, located at 308 SW 2nd Avenue in Gravette, Arkansas, presents a lucrative investment opportunity. The 2,511 square foot car wash boasts four updated manual washing bays, catering to a wide range of vehicles. A significant advantage is the inclusion of one updated bay specifically designed for large equipment and big rigs, expanding the potential customer base and revenue streams. Further enhancing its appeal is a brand-new automatic washing bay, providing modern convenience and efficiency. The property sits on a 0.37-acre lot and enjoys excellent visibility with 150 feet of frontage on 2nd Street, placing it directly within Gravette's bustling business district and conveniently situated at a major four-way intersection. This high-traffic location ensures consistent customer flow. The property's infrastructure is already plumbed for the addition of a laundromat, offering significant potential for expansion and diversification of income streams. The asking price for this turnkey operation is $550,000. This presents a rare opportunity to acquire a well-established, profitable business with significant growth potential in a thriving Arkansas community. The existing infrastructure and prime location make this a truly exceptional investment.

• CAP approach

  CAP return

  Valuation

  6%

  $321,766

  6.5%

  $297,015

  7%

  $275,800

• Comparable approach

  Method

  Valuation

  Relative Method

  $452,622

  Geo Method

  $452,622

• Alternative Use

  Use

  Valuation

  Residential

  $250,543

  Hospitality

  $229,496

  Educational

  $190,938

  Medical

  $197,505

  Retail

  $297,015

Location Insight

City

Gravette

County

Benton

State

Arkansas

Latitude

36.4197

Longitude

-94.454

CBSA code

22220

CBSA name

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

Property Tax & Assessments

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