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    506 Center St Lonoke, AR 72086

    Sponsored
    For Sale
    $220,000

    0.66-acre lot, $220,000. Prime commercial location.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional commercial property presents a unique investment opportunity in the thriving town of Lonoke, Arkansas. Located at 506 Center Street, this 0.66-acre lot offers significant potential for a variety of commercial ventures. The property's size provides ample space for development, allowing for flexibility in design and functionality. Its strategic location on Center Street ensures high visibility and accessibility, making it an ideal site for businesses seeking strong foot traffic and convenient access for customers. The address is well-situated within Lonoke, offering proximity to local amenities and a growing community. This is a blank canvas for entrepreneurs and developers looking to establish a presence in a dynamic market. The asking price of $220,000 represents a compelling value for a property of this size and location in Lonoke. Serious inquiries are encouraged to explore the possibilities this exceptional commercial land parcel offers. The property is classified as "Other" in terms of property type, suggesting a wide range of potential uses subject to local zoning regulations. Further due diligence is recommended to determine the suitability for specific commercial projects. Don't miss this chance to acquire a prime piece of commercial real estate in a rapidly developing area.

    Property Features for 506 Center St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    28,750 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lonoke
    County
    Lonoke
    State
    Arkansas
    Longitude
    -91.90023
    Latitude
    34.78824

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    FAQs

    What type of property is this?
    Commercial real estate - 0.66-acre lot, $220,000. Prime commercial location.
    Where is this commercial real estate located?
    The property is located at 506 Center St Lonoke, AR.
    What is the asking price?
    The asking price for this property is $220,000.
    Request Owner's contact information
    506 Center St Lonoke, AR 72086
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    Lonoke, AR 72086
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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

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    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
    506 Center St Lonoke, AR 72086
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