306 College StOzark, AR 72949

Property Details for 306 College St

Year built

1950

Lot size

0.06 AC

Property size (Sq ft)

2,220 SF

Property type

Turn key restaurants

APN

009-00918-000

APU

900918000

Description

This 79,900 USD retail property, situated at 306 W College Street in Ozark, Arkansas, presents a unique investment opportunity. Located on a 0.06-acre lot, this building is currently configured as a rental shop, offering immediate income potential. Its prime downtown Ozark location, just one block from the Courthouse, ensures high visibility and accessibility. The property's adaptable layout makes it ideal for conversion into office space, catering to a variety of professional needs. The central location within the vibrant downtown area provides easy access to local amenities, businesses, and a strong customer base. This presents a chance to acquire a versatile commercial property in a thriving Arkansas community. The building's current use as a rental shop demonstrates its proven ability to generate income, while its proximity to the Courthouse suggests strong potential for office conversions. This property is an excellent choice for investors seeking a blend of immediate return and long-term growth potential in a desirable location. The compact 0.06-acre lot offers manageable maintenance while still providing ample space for the building. Serious inquiries are encouraged to explore this promising investment opportunity further.

• CAP approach

  CAP return

  Valuation

  6%

  $284,477

  6.5%

  $262,594

  7%

  $243,837

• Comparable approach

  Method

  Valuation

  Relative Method

  $400,167

  Geo Method

  $400,167

• Alternative Use

  Use

  Valuation

  Residential

  $221,508

  Hospitality

  $202,900

  Educational

  $168,810

  Medical

  $174,616

  Retail

  $262,594

Location Insight

City

Ozark

County

Franklin

State

Arkansas

Latitude

35.4879

Longitude

-93.8275

CBSA code

22900

CBSA name

FORT SMITH, AR-OK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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