4201 Grand AveFort Smith, AR 72904

Property Details for 4201 Grand Ave

Lot size

0.42 AC

Property size (Sq ft)

1,925 SF

Property type

Grocery and convenience stores

APN

15477-0001-00000-00

APU

1547700010000000

Description

This exceptional investment opportunity presents a 1,925 square foot convenience store situated on a 0.42-acre lot at the highly visible intersection of Grand Avenue and N. Albert Pike Avenue in Fort Smith, Arkansas. Boasting a daily traffic count of 15,000 vehicles, this property benefits from its prime location near the University of Arkansas at Fort Smith (half a mile east) and Interstate 540 (1.15 miles east). The building is well-positioned amongst a mix of residential and commercial properties, including numerous high-traffic businesses such as KFC, a Vapor Station, Domino's, Wing Stop, and several churches. The property's strong tenant base ensures a consistent income stream. The asking price for this retail property is $1,200,000. This is a rare chance to acquire a well-established convenience store in a thriving area of Fort Smith, Arkansas, with excellent visibility and access to a large customer base. The property's zip code is 72904, and it is located in Sebastian County. This turnkey operation offers a compelling investment opportunity for discerning buyers.

• CAP approach

  CAP return

  Valuation

  6%

  $246,675

  6.5%

  $227,700

  7%

  $211,435

• Comparable approach

  Method

  Valuation

  Relative Method

  $346,992

  Geo Method

  $346,992

• Alternative Use

  Use

  Valuation

  Residential

  $192,073

  Hospitality

  $175,938

  Educational

  $146,378

  Medical

  $151,412

  Retail

  $227,700

Location Insight

City

Fort Smith

County

Sebastian

State

Arkansas

Latitude

35.386

Longitude

-94.3852

CBSA code

22900

CBSA name

FORT SMITH, AR-OK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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