Corner Commercial Property in Fort
2700 Grand AVE Fort Smith, AR 72901
For Sale
$599,000
COMMERCIAL - Fort Smith, AR
Property Size2,818 SF
Lot Size0.15 Acres
Price / SF$212.56
Days on Market178
Property Features for 2700 Grand AVE
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Zoning
- Commercial
- Standard status
- Active
- APN
- 18018-0001-00011-00
- Size
- 2,818 SF
- Lot size
- 0.15 Acres
Taxes and HOA fees
- Tax Description
- LOT 1 BLK 11
- Tax Annual Amount
- 1433
Utilities
- Heating system
- Central, Natural Gas
- Cooling system
- Electric, Central Air
Building Details
- Flooring type
- Concrete, Carpet, Laminate
- Roof type
- Other
Listing Agency:
Sagely & Edwards Realtors
(479) 782-8911
Listed By:
Jeff Beauchamp
(479) 782-8911
Added: Jan 28
Changed: May 14
Last Checked: Jul 25 at 11:06AM
MLS# 1086842
Copyright © 2026 Western River Valley Board of REALTORS®. 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 commercial property is located on a corner, across the street from Taco Bell and Little Caesars Pizza, and diagonally across from McDonald's. Previously used as a pawn loan business and, most recently, for music equipment retail, the property features two suites. Suite A offers approximately 2204 square feet and is currently vacant. Suite B provides approximately 600 square feet and is currently leased with 6 years remaining on the lease, plus an additional 10-year option. The property is available for sale. Suite A is also available for lease. The property is located in Fort Smith, AR, and has commercial zoning. The lot size is 0.1508 acres. The total property size is 2818 square feet. The location offers significant traffic and visibility. The property could be suitable for a retail location, office, or other type of business.
Key Highlights
- High‑traffic corner location across from Taco Bell and Little Caesars, diagonally across from McDonald's.
- Suite A (approx. 2204 sq ft) is vacant and available for lease or owner‑occupancy.
- Suite B (approx. 600 sq ft) is currently leased with 6 years remaining and a 10‑year option.
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 | $33.8k | $12.00 |
| − Vacancy | −$2.2k | −$0.79 |
| EGI | $31.6k | $11.21 |
| − OpEx | −$9.5k | −$3.36 |
| NOI | $22.1k | $7.85 |
2,818 SF · lease $12.00/SF/yr · vacancy 6.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$315.8K
$276.4K – $368.5K
NOI $22,109 @ 7.0% cap · market cap 3.69%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$599.6K
$524.6K – $699.5K
NOI $41,969 @ 7.0% cap · market cap 7.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Greer's Coin & Pawn ...
Discount Store
FAQs
What type of property is this?
Retail space - High-traffic commercial property with leasing income and development potential.
Where is this retail space located?
The property is located at 2700 Grand AVE Fort Smith, AR.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: High‑traffic corner location across from Taco Bell and Little Caesars, diagonally across from McDonald's.; Suite A (approx. 2204 sq ft) is vacant and available for lease or owner‑occupancy.; Suite B (approx. 600 sq ft) is currently leased with 6 years remaining and a 10‑year option.
