627 Main StVan Buren, AR 72956

Property Details for 627 Main St

Year built

1896

Property size (Sq ft)

5,184 SF

Property type

Retail space

APN

700-00282-000-C

APU

70000282000C

Description

This exceptional 5,184 square foot building, located at 627 Main Street in Van Buren, Arkansas, presents a unique investment opportunity. Situated on a 0.069-acre lot (APN 700-00282-000-C), this historic property is ideally positioned in the heart of downtown Van Buren, offering high visibility and foot traffic. Its prime location is directly adjacent to the new Pointer Brewery and shares the street with Arts on Main, ensuring a vibrant and thriving commercial environment. The building's classification as a restaurant and storefront provides versatility for a range of businesses. The asking price is $495,000, translating to a price per square foot of $95.49. A significant advantage is the property's eligibility for historical tax credits, offering potential cost savings and financial incentives for the buyer. This presents a rare chance to acquire a well-situated, historically significant commercial property in a rapidly developing area of Van Buren, Arkansas, zip code 72956. The property's location is further defined by its coordinates: latitude 35.436038273301115 and longitude -94.35350054093975. This is a turnkey opportunity for an astute investor seeking a strong return in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $664,291

  6.5%

  $613,192

  7%

  $569,392

• Comparable approach

  Method

  Valuation

  Relative Method

  $934,445

  Geo Method

  $934,445

• Alternative Use

  Use

  Valuation

  Residential

  $517,250

  Hospitality

  $473,799

  Educational

  $394,195

  Medical

  $407,752

  Retail

  $613,192

Location Insight

City

Van Buren

County

Crawford

State

Arkansas

Latitude

35.4362

Longitude

-94.3537

CBSA code

22900

CBSA name

FORT SMITH, AR-OK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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