3012 Midland BlvdFort Smith, AR 72904

Property Details for 3012 Midland Blvd

Year built

1899

Lot size

0.48 AC

Property size (Sq ft)

384 SF

Property type

Office buildings

APN

15224-0026-00029-00

APU

1522400260002900

Description

This exceptional 0.957-acre commercial land parcel in Fort Smith, Arkansas, presents a unique redevelopment opportunity. Boasting 298 feet of frontage on Midland Boulevard, this property enjoys an average daily traffic count of 15,000 vehicles, ensuring high visibility and accessibility. The site comprises six level lots, ideal for a variety of commercial ventures. Currently featuring a small sales office (approximately 15' x 25'), the property is perfectly suited for uses such as a car, camper, or boat sales lot. Alternatively, its strategic location makes it an excellent site for a restaurant, or a small shopping or business center. The property is located at 3012 Midland Blvd, Fort Smith, AR 72904. The asking price is $299,000. Ornamental stones on the property are available for an additional $75,000. This is a rare chance to acquire a highly visible and versatile commercial property in a thriving Arkansas market. Don't miss this chance to capitalize on this prime location and high traffic volume.

• CAP approach

  CAP return

  Valuation

  6%

  $33,474

  6.5%

  $30,899

  7%

  $28,692

• Comparable approach

  Method

  Valuation

  Relative Method

  $27,468

  Geo Method

  $27,468

• Alternative Use

  Use

  Valuation

  Residential

  $38,315

  Hospitality

  $35,096

  Educational

  $29,200

  Medical

  $30,204

  Retail

  $45,422

Location Insight

City

Fort Smith

County

Sebastian

State

Arkansas

Latitude

35.4088

Longitude

-94.3941

CBSA code

22900

CBSA name

FORT SMITH, AR-OK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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