1200 Waldron RdFort Smith, AR 72903

Property Details for 1200 Waldron Rd

Year built

1972

Lot size

16.25 AC

Property size (Sq ft)

200,138 SF

Property type

Community centers

APN

18883-0000-01003-00

APU

1888300000100300

Description

This thriving retail center in Fort Smith, Sebastian County, Arkansas offers multiple spaces for lease, totaling 197,839 square feet. Four spaces are currently available, ranging from a minimum of 1,757 square feet to a maximum contiguous space of 7,176 square feet. A significant 18,613 square feet is currently vacant, presenting a unique opportunity for expansion or new tenancy. The center boasts a diverse tenant mix and strong national anchor tenants, ensuring a vibrant and established customer base. Its prime location benefits from exceptional visibility and high traffic counts, averaging 31,000 vehicles per day on Rogers Avenue. This advantageous position is further enhanced by its excellent proximity to Central Mall, Arkansas' largest mall, guaranteeing significant foot traffic and exposure to a large consumer base. The attractive shopping center offers a beautiful and well-maintained environment, making it an ideal location for businesses seeking a high-traffic, established retail space in a thriving community. The minimum leasable space is 1,757 square feet, providing flexibility for various business needs. This property presents a compelling opportunity for businesses looking to establish or expand their presence in a key retail location within Fort Smith.

• CAP approach

  CAP return

  Valuation

  6%

  $25,646,204

  6.5%

  $23,673,420

  7%

  $21,982,462

• Comparable approach

  Method

  Valuation

  Relative Method

  $36,075,996

  Geo Method

  $36,075,996

• Alternative Use

  Use

  Valuation

  Residential

  $19,969,416

  Hospitality

  $18,291,876

  Educational

  $15,218,627

  Medical

  $15,742,019

  Retail

  $23,673,420

Location Insight

City

Fort Smith

County

Sebastian

State

Arkansas

Latitude

35.37

Longitude

-94.3749

CBSA code

22900

CBSA name

FORT SMITH, AR-OK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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