707 Rogers AveFort Smith, AR 72901

Property Details for 707 Rogers Ave

Lot size

0.06 AC

Property size (Sq ft)

2,525 SF

Property type

Office buildings

APN

16477-0005-00502-01

APU

1647700050050201

Description

This exceptional 2,525 square foot Class A retail space, zoned C-5, is perfectly situated in Fort Smith, Arkansas's vibrant downtown entertainment district at 707 Rogers Ave, zip code 72901. Recently and completely renovated, this single-tenancy property retains its beautiful 100-year-old brick exterior while boasting a brand-new interior. Every system, from plumbing and electrical to HVAC, is entirely new. The property features two stunning patios – a large open-air courtyard and additional front and rear balconies – ideal for outdoor dining and live music. Its prime location offers incredible foot traffic, adjacency to a city parking garage, and proximity to the Wyndham Hotel, Fort Smith Convention Center, the Sebastian County Courthouse, and numerous other downtown amenities including hotels and restaurants. The split-level layout provides a unique and flexible space, ready for a tenant's custom build-out. Custom handrail tables and exceptional outlet access are already in place. An adjacent building undergoing renovation will further enhance the area's appeal. This property is perfect for a food and beverage establishment seeking a distinctive and memorable customer experience. The property's location within the entertainment district allows for the sale of alcoholic beverages for off-premise consumption.

• CAP approach

  CAP return

  Valuation

  6%

  $220,109

  6.5%

  $203,177

  7%

  $188,665

• Comparable approach

  Method

  Valuation

  Relative Method

  $180,613

  Geo Method

  $180,613

• Alternative Use

  Use

  Valuation

  Residential

  $251,940

  Hospitality

  $230,776

  Educational

  $192,003

  Medical

  $198,606

  Retail

  $298,671

Location Insight

City

Fort Smith

County

Sebastian

State

Arkansas

Latitude

35.3858

Longitude

-94.4248

CBSA code

22900

CBSA name

FORT SMITH, AR-OK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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