1225 Center StGreenwood, AR 72936

Property Details for 1225 Center St

Lot size

0.66 AC

Property size (Sq ft)

2,864 SF

Property type

Retail space

APN

66349-0105-00000-00

APU

6634901050000000

Description

This exceptional 0.66-acre commercial property at 1225 W Center Street in Greenwood, Arkansas, presents a remarkable opportunity for a variety of businesses. Situated on a main thoroughfare in one of Arkansas's fastest-growing communities, this high-visibility location is ideal for retail, restaurant, office, medical, or professional services. The property boasts a proven track record of success as the site of a long-term established business, ensuring immediate operational readiness. The existing structure offers ample space for immediate use, while also providing significant potential for expansion and upgrades to suit a new owner's specific needs. Greenwood is known for its strong family-oriented atmosphere and high quality of life, making it an attractive location for both employees and customers. This property offers a unique blend of established success and future growth potential, representing a compelling investment opportunity in a thriving community. The property is available for purchase at $389,000. The square footage is not currently specified.

• CAP approach

  CAP return

  Valuation

  6%

  $367,000

  6.5%

  $338,770

  7%

  $314,572

• Comparable approach

  Method

  Valuation

  Relative Method

  $516,252

  Geo Method

  $516,252

• Alternative Use

  Use

  Valuation

  Residential

  $285,765

  Hospitality

  $261,759

  Educational

  $217,780

  Medical

  $225,270

  Retail

  $338,770

Location Insight

City

Greenwood

County

Sebastian

State

Arkansas

Latitude

35.2193

Longitude

-94.2757

CBSA code

22900

CBSA name

FORT SMITH, AR-OK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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