500 Mount Olive StSiloam Springs, AR 72761

Property Details for 500 Mount Olive St

Lot size

0.93 AC

Property size (Sq ft)

20,484 SF

Property type

Medical offices

Property subtype

Medical centers

APN

03-01779-000

APU

301779000

Description

This exceptional Benton County property at 500 S Mt Olive St, Siloam Springs, AR 72761, offers a unique opportunity for businesses seeking versatile office space. The building features two available suites, ranging from 1,629 to 2,710 contiguous square feet, totaling 4,339 square feet of vacant space. The property is classified as a Medical Office, Traditional Office, Executive Office, and Creative Office, making it suitable for a variety of professional uses. Each suite boasts modern interior finishes, including private restrooms and kitchenettes, ensuring comfort and convenience for occupants. The building's strategic location in Siloam Springs provides easy access to a wealth of local amenities. A convenient patient drop-off area is available, and the property offers the potential for prominent pylon signage, enhancing visibility and brand recognition. The building's multiple tenancy structure allows for flexibility in lease terms and space requirements. This is an ideal location for businesses seeking a modern, well-appointed space in a thriving Arkansas community. The property is situated near the historic downtown area, offering easy access to local businesses and attractions.

• CAP approach

  CAP return

  Valuation

  6%

  $1,785,628

  6.5%

  $1,648,272

  7%

  $1,530,538

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,465,220

  Geo Method

  $1,465,220

• Alternative Use

  Use

  Valuation

  Residential

  $2,043,857

  Hospitality

  $1,872,162

  Educational

  $1,557,617

  Medical

  $1,611,186

  Retail

  $2,422,960

Location Insight

City

Siloam Springs

County

Benton

State

Arkansas

Latitude

36.1811

Longitude

-94.5419

CBSA code

22220

CBSA name

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

Property Tax & Assessments

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