Storefront Property with Food Truck
For Sale
$299,000
Pending
204 NE 1st Avenue, Gravette, AR 72736
SINGLE_FAMILY - Gravette, AR
Property Size1,669 SF
Lot Size0.62 Acres
Days on Market361
Property Features for 204 NE 1st Avenue
General Information
Property type
Residential
Property subtype
Retail
Zoning description
Commercial
Lot features
Central Business District, Corner Lot, City Lot
Directions
From I-49 take Exit 100 West on Hwy 72 to 4 way stop Hwy 72/59 right on Hwy 59 one block on right corner Hwy 59/1st Ave and Akron St
Standard status
Pending
APN
11-00234-000
Size
1,669 SF
Lot size
0.62 Acres
Taxes and HOA fees
Tax Description
12-20-33
Tax Annual Amount
1325
Legal Description
12-20-33
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1980
Floors in Building
1
Flooring type
Concrete
Listing Agency:
Equity Partners Realty
(479) 750-9500
Listed By:
Vernon Schmiegelow · License #SA00016685
(479) 640-5219
Added: Aug 11, 2025
Changed: Jul 29
Last Checked: Aug 6 at 12:06AM
MLS# 1317711
Copyright © 2026 ArkansasONE MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This storefront property includes a concrete-floored, centrally heated and centrally air-conditioned building built in 1980. Public water service is provided. The former convenience store fuel tanks have been removed, and the owner has an EPA clearance letter.
Behind the building, the layout is approximately 80% complete to set up food truck parking. An ice machine that has averaged net income over the past couple years conveys with the property.
The site is positioned on a high-traffic-count road, with a 2023 traffic count of 9,683 vehicles per day. The property sits on a 0.62-acre lot and contains 1,669 square feet.
Behind the building, the layout is approximately 80% complete to set up food truck parking. An ice machine that has averaged net income over the past couple years conveys with the property.
The site is positioned on a high-traffic-count road, with a 2023 traffic count of 9,683 vehicles per day. The property sits on a 0.62-acre lot and contains 1,669 square feet.
Key Highlights
- 0.62‑acre lot with a 1,669 SF storefront building built in 1980
- EPA clearance letter available after removal of former convenience store fuel tanks
- Behind‑building layout approximately 80% complete for food truck parking
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $29.0k | $17.40 |
| − Vacancy | −$1.9k | −$1.15 |
| EGI | $27.1k | $16.25 |
| − OpEx | −$8.1k | −$4.88 |
| NOI | $19.0k | $11.38 |
1,669 SF · lease $17.40/SF/yr · vacancy 6.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$271.2K
$237.3K – $316.5K
NOI $18,987 @ 7.0% cap · market cap 6.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$458.7K
$401.3K – $535.1K
NOI $32,106 @ 7.0% cap · market cap 10.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
9,683 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
237
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 72736, AR
7,046
Population
2,682
Households
2.6
Avg Household Size
38
Median Age
24%
College-Educated
88%
High-School Grad
98.5 sq mi
ZIP Area
72
Density / Sq Mi
$73,565
Median Household Income
$43,892
Median Earnings
$1,012
Median Rent
$277,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Storefront with central HVAC and public water, plus behind-building food truck parking build-out 80% complete.
Where is this storefront property located?
The property is located at 204 NE 1st Avenue Gravette, AR.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 0.62‑acre lot with a 1,669 SF storefront building built in 1980; EPA clearance letter available after removal of former convenience store fuel tanks; Behind‑building layout approximately 80% complete for food truck parking
