612 Fort StBarling, AR 72923

Property Details for 612 Fort St

Year built

1966

Lot size

0.55 AC

Property size (Sq ft)

2,384 SF

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

62060-0100-00000-01

APU

6206001000000001

Description

This exceptional mixed-use property, located at 612 Fort Street in Barling, Arkansas, presents a compelling investment opportunity. The 2,384 square foot building currently operates as a convenience store and gas station, offering immediate income potential. However, its versatile design and existing infrastructure make it easily adaptable to a variety of uses. The asking price is $315,000, translating to a price per square foot of $132.13. The property's adaptability extends to restaurant use, thanks to a pre-installed small vent hood. Alternatively, it could be successfully repurposed as retail space or office space, catering to a diverse range of business needs. Situated in Sebastian County, Arkansas, with a zip code of 72923, this property benefits from a convenient location and high visibility. The property is also available for lease at $1,600 per month, providing additional income streams and flexibility for potential investors. This turnkey operation offers a rare blend of immediate income and significant long-term growth potential. The single building sits on a well-maintained lot, ready for immediate occupancy. Don't miss this chance to acquire a valuable asset in a thriving Arkansas market.

• CAP approach

  CAP return

  Valuation

  6%

  $305,492

  6.5%

  $281,993

  7%

  $261,850

• Comparable approach

  Method

  Valuation

  Relative Method

  $429,729

  Geo Method

  $429,729

• Alternative Use

  Use

  Valuation

  Residential

  $237,871

  Hospitality

  $217,889

  Educational

  $181,281

  Medical

  $187,515

  Retail

  $281,993

Location Insight

City

Barling

County

Sebastian

State

Arkansas

Latitude

35.3268

Longitude

-94.303

CBSA code

22900

CBSA name

FORT SMITH, AR-OK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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