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    FOR SALE
    Outlet malls

    324 N Main St, Rector, AR 72461

    7,000 SF 0.17 ac lot Built 1997
    Entity Owned 15-yr Hold Absentee Owner Free & Clear
    Property ID
    US05-0866606
    Property summary
    AI-generated overview

    This exceptional 0.17-acre commercial lot presents a unique investment opportunity in the thriving town of Rector, Arkansas. Located at 324 Main Street, this property boasts a highly visible street frontage, ideal for a variety of commercial ventures. The expansive lot offers significant potential for development, allowing for the construction of a new building tailored to your specific business needs. Its central location within Rector ensures easy access to local amenities, a strong customer base, and convenient transportation links. The property's size makes it suitable for a range of uses, from retail spaces and restaurants to professional offices or light industrial operations. This is a rare chance to acquire a prime piece of commercial real estate in a growing Arkansas community. The asking price of $184,000 reflects the significant value and potential of this exceptional property. Don't miss this opportunity to establish your business in a strategic location with high visibility and growth potential. The property is ready for immediate development, offering a streamlined path to realizing your commercial ambitions. Serious inquiries are encouraged to explore the possibilities this exceptional lot presents. Further details are available upon request. Act quickly, as opportunities like this are seldom available.

    Property profile
    Verified
    Property type Outlet malls
    Use group WHOLESALE OUTLET, DISCOUNT STORE
    Year built 1997
    Total area 7,000 SF
    Lot 0.17 ac (7,405 SF)
    APN 751-02732-000E
    UPID US05-0866606
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • NEA Innovative Training Center Training Center
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $672k
    Blend (final) Blend
    $670k
    Owner & transaction history
    City Of Rector, Arkansas · 15 yrs held
    City Of Rector, Arkansas
    since 2010
    1 recorded transaction
    2010
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Office building $1.1M +62.5%
    Restaurant $995,000 +47.9%
    Commercial (general) $925,000 +37.3%
    Try Rey
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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