Historic Retail and Event
109 Main St NE Gravette, AR 72736
For Sale
Contact for pricing
Historic storefront building features 20-foot ceilings, exposed brick, original tin, hardwood floors, and a mezzanine.
Property Size4,016 SF
Price / SF$149.15
Days on Market44
Property Features for 109 Main St NE
General Information
- Standard status
- Active
- Size
- 4,016 SF
- Property subtype
- RETAIL
Listing Agency:
Steve Fineberg & Associates, Inc.
(479) 530-3774
Listed By:
Elissa Sontag · License #SA00084262
(479) 271-4161
Source:
Moodyscre
Added: Jun 12
Changed: Jul 25
Last Checked: Jul 25 at 7:42AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Steve Fineberg & Associates, Inc.
Investment Insights
Based on property information with market context.
This historic storefront property offers a distinctive interior with 20-foot ceilings featuring original tin, hardwood floors, and exposed brick. The building includes a mezzanine and a full walkout basement, along with renovated bathrooms. A custom bar with a granite countertop and a 3-compartment stainless steel sink supports a variety of service-driven uses, and the property’s layout is designed to accommodate flexibility.
The offering is located at 109 Main St NE in Gravette, Arkansas. The public remarks note renewed growth in the area, citing ongoing revitalization and increased interest tied to access to I-49.
The building combines prominent ceiling height, finished finishes, and multiple level spaces to support retail, event-oriented programming, or creative office use based on the current configuration.
The offering is located at 109 Main St NE in Gravette, Arkansas. The public remarks note renewed growth in the area, citing ongoing revitalization and increased interest tied to access to I-49.
The building combines prominent ceiling height, finished finishes, and multiple level spaces to support retail, event-oriented programming, or creative office use based on the current configuration.
Key Highlights
- Historic storefront building with 20‑foot ceilings, original tin, hardwood floors, and exposed brick.
- Includes a mezzanine for additional usable space.
- Custom bar with a granite countertop and a 3‑compartment stainless steel sink.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $69.9k | $17.40 |
| − Vacancy | −$4.6k | −$1.15 |
| EGI | $65.3k | $16.25 |
| − OpEx | −$19.6k | −$4.88 |
| NOI | $45.7k | $11.38 |
4,016 SF · lease $17.40/SF/yr · vacancy 6.60% · expense 30.00%
Alternative Uses
Best Use
Office B
$890.3K
$779.0K – $1.04M
NOI $62,319 @ 7.0% cap · market cap 10.40%
Second Best
Retail
$652.7K
$571.1K – $761.4K
NOI $45,686 @ 7.0% cap · market cap 7.63%
Theoretical Best
Office A
$1.10M
$965.7K – $1.29M
NOI $77,254 @ 7.0% cap · market cap 12.90%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Shelter Insurance Gravette
Insurance Agency
FAQs
What type of property is this?
Storefront property - Historic storefront building features 20-foot ceilings, exposed brick, original tin, hardwood floors, and a mezzanine.
Where is this storefront property located?
The property is located at 109 Main St NE Gravette, AR.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Historic storefront building with 20‑foot ceilings, original tin, hardwood floors, and exposed brick.; Includes a mezzanine for additional usable space.; Custom bar with a granite countertop and a 3‑compartment stainless steel sink.
