1005 Arkansas AveRussellville, AR 72801

Property Details for 1005 Arkansas Ave

Year built

1969

Construction

FRAME

Lot size

0.16 AC

Property size (Sq ft)

3,030 SF

Property type

Retail space

APN

772-00111-000C

APU

77200111000C

Description

This exceptional single-tenant property at 1005 S. Arkansas Ave, Russellville, AR 72801, offers 3,030 square feet of versatile space ideal for creative office or coworking uses. The building, zoned C-1, features one story and is situated on a high-traffic area of South Arkansas Avenue/Highway 7, providing excellent visibility and advertising potential. The property includes six parking spaces, making it convenient for employees and clients. There are no elevators. The entire 3,030 square feet is currently vacant and available for immediate occupancy. This presents a unique opportunity for a business seeking a flexible space to accommodate various needs, whether retail or office-based. The lease is a single net lease at a competitive rate of $9 per square foot. The property's location offers significant advantages for businesses seeking high visibility and accessibility. This is a rare opportunity to secure a well-located, spacious property at an attractive price point in a thriving Arkansas community. The property's single-story design and ample parking further enhance its appeal. Don't miss this chance to establish your business in this prime Russellville location.

• CAP approach

  CAP return

  Valuation

  6%

  $388,272

  6.5%

  $358,405

  7%

  $332,805

• Comparable approach

  Method

  Valuation

  Relative Method

  $546,174

  Geo Method

  $546,174

• Alternative Use

  Use

  Valuation

  Residential

  $302,328

  Hospitality

  $276,931

  Educational

  $230,403

  Medical

  $238,327

  Retail

  $358,405

Location Insight

City

Russellville

County

Pope

State

Arkansas

Latitude

35.2694

Longitude

-93.1338

CBSA code

40780

CBSA name

RUSSELLVILLE, AR MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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