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    500 Garrison Ave Fort Smith, AR 72901

    Sponsored
    For Sale
    $425,000

    Restaurant - Fort Smith, AR

    Property size:
    6,158 SF
    Lot size:
    0.04 Acres
    Days on Market:
    182
    Last Refresh:
    Jan 5 at 2:06 pm

    Property Features for 500 Garrison Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    12772-0001-00000-00
    Parking features
    On Street
    Size
    6,158 SF
    Lot size
    0.04 Acres

    Building Details

    Architectural style
    Other

    O'Neal Real Estate LLC (918) 774-5743 [email protected]

    Listing agent The O'Neal Team (479) 739-8087

    Listing date Jul 8, 2025

    MLS# 1081823 Listing URL

    Copyright © 2025 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.

    Overview

    Historic Garrison Avenue Mixed-Use Building

    Located on Garrison Avenue in downtown Fort Smith, this two-story historic mixed-use building offers approximately 6,158 square feet under roof. The main level is currently occupied by an established restaurant, and there are two leased apartments, providing rental income. The second floor is unfinished, offering possibilities for luxury lofts, office space, or short-term rentals. The property features original brick, vintage woodwork, and tall ceilings. The building is zoned for flexible use and is suitable for investors or owner-occupants. The property is located in downtown Fort Smith.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    5th Street Cafe Breakfast Restaurant

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Law Firm Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    River Valley Food Truck Associations, Silver’s NC BBQ, Adelaide Hall

    Location Insight

    • Map
    • Local Demand
    City
    Fort Smith
    County
    Sebastian
    State
    Arkansas
    Longitude
    -94.426017
    Latitude
    35.387286

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    FAQs

    What type of property is this?
    Restaurant - Two-story historic building with restaurant and apartment income.
    Where is this restaurant located?
    The property is located at 500 Garrison Ave Fort Smith, AR.
    What is the asking price?
    The asking price for this property is $425,000.
    What are key features of this property?
    This property features: - Prime location on Garrison Avenue in Downtown Fort Smith.; - Income-producing property with an existing restaurant and two leased apartments.; - Large unfinished second floor (approximately 3,079 SF) ready for buildout into lofts, office space, or short-term rentals.
    (918) 774-5743
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    500 Garrison Ave Fort Smith, AR 72901
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    Fort Smith, AR 72901
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    500 Garrison Ave Fort Smith, AR 72901
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