407 Arkansas AveRussellville, AR 72801

Property Details for 407 Arkansas Ave

Year built

1976

Lot size

9.10 AC

Property size (Sq ft)

126,294 SF

Property type

Community centers

APN

851-00158-001C

APU

85100158001C

Description

This exceptional commercial property, located at 407 N Arkansas Ave in Russellville, Arkansas (zip code 72801), presents a unique investment opportunity. Currently configured as a shopping center with warehouse subtype, the property offers two immediately available spaces ideal for a variety of businesses. The property benefits from a high-traffic location at a signalized intersection, enhanced by prominent pylon and signage. While the total square footage is currently unavailable, the available spaces are in high demand. This thriving shopping center boasts a diverse tenant mix, including childcare, beauty care, and religious institutions, ensuring a broad customer base for new businesses. The property's central location within Russellville makes it an attractive option for both large and small enterprises seeking a vibrant and established commercial environment. This is a rare chance to establish or expand your business in a prime Russellville location. Don't miss this opportunity to secure one of the last two available spaces.

• CAP approach

  CAP return

  Valuation

  6%

  $16,183,642

  6.5%

  $14,938,747

  7%

  $13,871,693

• Comparable approach

  Method

  Valuation

  Relative Method

  $22,765,200

  Geo Method

  $22,765,200

• Alternative Use

  Use

  Valuation

  Residential

  $12,601,392

  Hospitality

  $11,542,807

  Educational

  $9,603,480

  Medical

  $9,933,758

  Retail

  $14,938,747

Location Insight

City

Russellville

County

Pope

State

Arkansas

Latitude

35.2824

Longitude

-93.1346

CBSA code

40780

CBSA name

RUSSELLVILLE, AR MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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