720 Highway 71Mansfield, AR 72944

Property Details for 720 Highway 71

Year built

2015

Lot size

2.24 AC

Property size (Sq ft)

11,918 SF

Property type

Outlet malls

APN

69807-0000-03272-05

APU

6980700000327205

Description

This 12,000 square foot Class B retail building, located at 720 Hwy 71 in Mansfield, Arkansas (APN 69807-0000-03272-05), is available for $349,500. Currently vacant, this single-story building sits on a 2.2-acre lot and offers excellent visibility. Previously occupied by Dollar Tree and Family Dollar, the property is ideally suited for continued retail use or repurposing for storage or warehousing. The building's spacious layout and convenient highway location present a significant value-add opportunity for owner-users. Its prior use as a grocery store suggests strong potential for similar ventures. The property is in Mansfield, Sebastian County, Arkansas, zip code 72944. This is a prime opportunity to acquire a large retail space in a growing market. The building has been newly renovated. The property is classified as an owner/user investment.

• CAP approach

  CAP return

  Valuation

  6%

  $1,527,204

  6.5%

  $1,409,726

  7%

  $1,309,032

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,148,286

  Geo Method

  $2,148,286

• Alternative Use

  Use

  Valuation

  Residential

  $1,189,157

  Hospitality

  $1,089,261

  Educational

  $906,253

  Medical

  $937,420

  Retail

  $1,409,726

Location Insight

City

Mansfield

County

Sebastian

State

Arkansas

Latitude

35.0662

Longitude

-94.2528

CBSA code

22900

CBSA name

FORT SMITH, AR-OK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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