2420 51St CtFort Smith, AR 72903

Property Details for 2420 51St Ct

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.72 AC

Property size (Sq ft)

8,911 SF

Property type

Medical offices

Property subtype

Medical centers

APN

18717-0006-00000-00

APU

1871700060000000

Description

This exceptional two-story office building, encompassing 8,866 square feet, presents a compelling investment opportunity in Fort Smith, Arkansas. Located at 2420 S 51st Ct, 72903, this property sits on a 1.72-acre lot in Sebastian County, within a busy commercial area. Currently configured as a dental clinic, the building offers versatile zoning (Transitional) allowing for various uses, including executive, medical, or traditional office spaces. The asking price is $700,000, translating to $78.95 per square foot. The building's layout includes a welcoming reception area, a private consultation room, and four modern treatment rooms, all equipped with up-to-date technology. Its established presence in the Fort Smith community provides a strong foundation for continued success. The two-story design presents a unique opportunity for owner-occupancy on one floor and leasing the other for additional rental income, maximizing return on investment. This property's central location and adaptable space make it an ideal choice for investors seeking a high-potential asset in a thriving market. The building's potential extends beyond its current dental clinic configuration, offering significant flexibility for future tenants and uses. This is a rare opportunity to acquire a well-situated, versatile commercial property in a desirable Arkansas location.

• CAP approach

  CAP return

  Valuation

  6%

  $776,788

  6.5%

  $717,035

  7%

  $665,818

• Comparable approach

  Method

  Valuation

  Relative Method

  $637,404

  Geo Method

  $637,404

• Alternative Use

  Use

  Valuation

  Residential

  $889,124

  Hospitality

  $814,433

  Educational

  $677,598

  Medical

  $700,902

  Retail

  $1,054,042

Location Insight

City

Fort Smith

County

Sebastian

State

Arkansas

Latitude

35.3593

Longitude

-94.3762

CBSA code

22900

CBSA name

FORT SMITH, AR-OK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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