Property profile

2500 Hwy 367th N Newport, AR 72112

OFF-MARKET
Turn key restaurants
Property ID
US05-0559697
1,812 SF 0.39 ac lot Built 1970
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional commercial property, located at 2500 Highway 367 in Newport, Arkansas, presents a compelling investment opportunity. The 0.39-acre lot offers significant potential for a variety of commercial ventures. Its strategic location on Highway 367 ensures high visibility and accessibility, making it an ideal site for businesses seeking strong foot traffic and convenient access for customers. The property is currently vacant, providing a blank canvas for development tailored to specific business needs. The asking price of $250,000 reflects the property's prime location and development potential. This is a rare opportunity to acquire a well-situated commercial lot in a growing area. The absence of existing structures allows for complete design flexibility, enabling the construction of a building that perfectly complements the intended business operations. Prospective buyers are encouraged to conduct their own due diligence to assess the suitability of the property for their specific commercial plans. The property's size and location make it suitable for a range of commercial uses, from retail spaces to small offices or light industrial businesses. This is a chance to establish a strong presence in a vibrant community. Serious inquiries are welcome.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1970
Total area 1,812 SF
Lot 0.39 ac (17,119 SF)
APN 013-02168-000
UPID US05-0559697

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2500 Hwy 367th N Newport, AR 72112-2322
Newport metro Census 480300
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$250k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$195k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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