Income-Producing Commercial Package For
302 EAST PARKWAY Russellville, AR 72801
302 EAST PARKWAY, Russellville, AR, 72801
$2,000,000
For Sale
$2,000,000
SINGLE_FAMILY - Russellville, AR
Property Size15,322 SF
Lot Size1.00 Acre
Price / SF$130.53
Days on Market69
Property Features for 302 EAST PARKWAY
General Information
- Property type
- Residential
- Property subtype
- Retail
- Standard status
- Active
- APN
- 758-00409-000C
- Size
- 15,322 SF
- Lot size
- 1.00 Acre
Taxes and HOA fees
- Tax Description
- LOT 5 & 6 OF BLK 76 OF J.L.SHINN ADDITION TO THE CITY OF RUSSELLVILLE.
Building Details
- Year built
- 1999
Listing agency
Arkansas Real Estate Collective
(479) 280-1999
Listed by
Wetzel Group
(479) 970-0986
Added: May 16 Updated: Jul 10 at 2:37AM Checked: Jul 23 at 8:06AM
MLS# 1347674
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 income-producing commercial package is located along a high-traffic roadway, minutes from downtown and Arkansas Tech University (ATU). The property includes a fully occupied strip mall featuring a total of 5 suites, with 3 suites secured by 5-year leases, offering stable long-term rental income from established tenants. In addition to the commercial frontage, the property includes 4 rental houses, all currently leased, creating multiple streams of revenue and a strong occupancy history. The property's location ensures excellent visibility, consistent traffic flow, and proximity to surrounding businesses, neighborhoods, and student populations. The property size is 15,322 square feet on a 1-acre lot.
Key Highlights
- High traffic location minutes from downtown and ATU.
- Multiple income streams from commercial suites and rental houses.
- Fully occupied with established tenants.
Local 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 | $211.4k | $13.80 |
| − Vacancy | −$14.0k | −$0.91 |
| EGI | $197.5k | $12.89 |
| − OpEx | −$59.2k | −$3.87 |
| NOI | $138.2k | $9.02 |
15,322 SF · lease $13.80/SF/yr · vacancy 6.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.97M
$1.73M – $2.30M
NOI $138,242 @ 7.0% cap · market cap 6.91%
Second Best
Apartment 5plus
$1.31M
$1.15M – $1.53M
NOI $91,617 @ 7.0% cap · market cap 4.58%
Theoretical Best
Office A
$2.45M
$2.14M – $2.86M
NOI $171,361 @ 7.0% cap · market cap 8.57%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
The Iconic Barber LLC
Barber Shop
Simple Interlock
Building Supply
Meraki Hair studio
Hair Salon
Joyful Sole Pedi ...
Alternative Medicine Practice
Union Home Mortgage
Loan Service
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FAQs
What type of property is this?
Strip mall - Commercial strip mall with rental houses near downtown and ATU.
Where is this strip mall located?
The property is located at 302 EAST PARKWAY Russellville, AR.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: High traffic location minutes from downtown and ATU.; Multiple income streams from commercial suites and rental houses.; Fully occupied with established tenants.
