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    316 Hwy 62/412 Salem, AR 72576

    Sponsored
    For Sale
    $119,000

    Prime Salem location, 0.23 acres.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional commercial property, located at 316 Highway 62/412 East in Salem, Arkansas, presents a unique opportunity for investors and entrepreneurs. The 0.23-acre lot offers significant potential for a variety of commercial ventures. Its strategic location on Highway 62/412 ensures high visibility and accessibility, making it ideal for businesses seeking strong foot traffic and convenient access for customers. The property's size is perfect for smaller-scale commercial developments, such as a retail outlet, office space, or a small-scale service business. The absence of existing structures allows for complete customization and design flexibility, enabling the development to perfectly match the needs of the future business. Salem's growing community provides a stable market for commercial enterprises, offering a promising return on investment. This property is priced competitively at $119,000, representing an excellent value for its location and potential. Serious inquiries are encouraged to explore the possibilities this prime commercial lot offers. The property is ready for immediate development, allowing for a swift transition from purchase to operation. Don't miss this chance to secure a valuable piece of Salem's commercial landscape.

    Property Features for 316 Hwy 62/412

    General Information

    Property type
    Other commercial real estate
    Lot Size
    10,019 SF

    Building Details

    Year Built
    1995
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Salem
    County
    Fulton
    State
    Arkansas
    Longitude
    -91.8339
    Latitude
    36.3596

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Salem location, 0.23 acres.
    Where is this commercial real estate located?
    The property is located at 316 Hwy 62/412 Salem, AR.
    What is the asking price?
    The asking price for this property is $119,000.
    Request Owner's contact information
    316 Hwy 62/412 Salem, AR 72576
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    Salem, AR 72576
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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
    316 Hwy 62/412 Salem, AR 72576
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