109 Main StGravette, AR 72736

Property Details for 109 Main St

Lot size

0.07 AC

Property size (Sq ft)

2,844 SF

Property type

Retail properties

Property subtype

Retail space

APN

11-00285-002

APU

1100285002

Description

This stunning, historic building at 109 SE Main Street in Gravette, Arkansas, presents a unique investment opportunity. Boasting approximately 4,000 square feet of versatile space, this property is ideal for a variety of commercial uses. The main level features open office/retail space with attractive hardwood floors, large retail windows with display wells, and original tin ceilings adding to its charm. Two fully renovated bathrooms, each with multiple stalls, ensure ample facilities for customers and employees. A unique bar area with a granite countertop and three-compartment sink adds potential for food and beverage service. A full walk-out basement provides substantial storage space. Upstairs, a mezzanine level, accessible via a spiral staircase, offers additional space currently utilized as an entertainment area. This level includes oversized his and hers lounge rooms and an updated private bathroom. The courthouse records do not include the mezzanine/second-floor square footage in the total square footage

• CAP approach

  CAP return

  Valuation

  6%

  $364,438

  6.5%

  $336,404

  7%

  $312,375

• Comparable approach

  Method

  Valuation

  Relative Method

  $512,647

  Geo Method

  $512,647

• Alternative Use

  Use

  Valuation

  Residential

  $283,769

  Hospitality

  $259,931

  Educational

  $216,260

  Medical

  $223,697

  Retail

  $336,404

Location Insight

City

Gravette

County

Benton

State

Arkansas

Latitude

36.422

Longitude

-94.4527

CBSA code

22220

CBSA name

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

Property Tax & Assessments

FAQs

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