1412 Phoenix AveFort Smith, AR 72901

Property Details for 1412 Phoenix Ave

Year built

1959

Lot size

1.90 AC

Property size (Sq ft)

36,648 SF

Property type

Retail space

APN

18883-0000-01944-00

APU

1888300000194400

Description

This exceptional 36,648-square-foot industrial property, situated on a 2-acre lot, presents a unique investment opportunity. Currently entirely vacant, this multi-tenant building offers significant flexibility for various uses, including light manufacturing and warehousing. The property features a combination of warehouse and retail space, totaling approximately 3,000 square feet of retail area. Access is provided by two dock-high doors—a 14-foot door at the front and a 16-foot drive-through door at the rear. Ceiling heights reach a maximum of 20 feet, offering ample vertical space. The building benefits from a high-traffic location, with over 12,000 cars passing daily just to the east. Its strategic position is further enhanced by its proximity to the intersection of Phoenix and Towson Avenues (0.1 miles away), and its location across from Jack's Skating Rink on Phoenix Avenue. The owner is open to dividing the space to accommodate tenant needs. The asking price for this substantial property is $495,000. This presents a rare chance to acquire a versatile and well-located industrial asset with significant potential. One loading dock is also included.

• CAP approach

  CAP return

  Valuation

  6%

  $4,696,170

  6.5%

  $4,334,926

  7%

  $4,025,289

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,606,007

  Geo Method

  $6,606,007

• Alternative Use

  Use

  Valuation

  Residential

  $3,656,672

  Hospitality

  $3,349,492

  Educational

  $2,786,738

  Medical

  $2,882,578

  Retail

  $4,334,926

Location Insight

City

Fort Smith

County

Sebastian

State

Arkansas

Latitude

35.3386

Longitude

-94.4205

CBSA code

22900

CBSA name

FORT SMITH, AR-OK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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