Historic Retail/Office
109 SE Main Street Gravette, AR 72736
New
109 SE Main Street, Gravette, AR, 72736
$599,000
For Sale
$599,000
SINGLE_FAMILY - Gravette, AR
Property Size4,016 SF
Lot Size0.07 Acres
Price / SF$149.15
Days on Market1
Property Features for 109 SE Main Street
General Information
- Property type
- Residential
- Property subtype
- Retail
- Rooms
- Basement
- Parking features
- On Street
- Appliances
- GasWaterHeater
- Standard status
- Active
- APN
- 11-00285-002
- Size
- 4,016 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Description
- /
- Tax Annual Amount
- 1896
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Electric
- Water source
- Public
Building Details
- Year built
- 1920
- Flooring type
- Wood
- Building materials
- Brick
Listing Agency
Steve Fineberg & Associates
(479) 271-4161
104 S MAIN ST., AR
Listed by
Brennan Sharpe · License #SA00084262
(479) 530-3774
Added: Jul 17 Checked: Jul 17 at 6:06 pm
MLS# 1355591
Copyright © 2026 ArkansasONE MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This historic commercial building offers distinctive character and a flexible interior layout. Features include 20' ceilings with original tin, hardwood floors, and exposed brick, along with a mezzanine. Additional improvements include a custom bar with a granite countertop and a 3-compartment stainless steel sink, renovated bathrooms, and a full walkout basement.
Located in Downtown Gravette, the property is described as placing owners at the heart of the city and benefiting from ongoing revitalization and increased interest tied to access to I-49.
With its combination of high ceilings, mezzanine space, and basement access, the building can support multiple concepts, including retail, office, or a mixed-use approach.
Located in Downtown Gravette, the property is described as placing owners at the heart of the city and benefiting from ongoing revitalization and increased interest tied to access to I-49.
With its combination of high ceilings, mezzanine space, and basement access, the building can support multiple concepts, including retail, office, or a mixed-use approach.
Key Highlights
- Commercial building with 20' ceilings, original tin, hardwood floors, and exposed brick
- Mezzanine level plus a full walkout basement for added usable space
- Custom bar with granite countertop and 3‑compartment stainless steel sink
Local 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
Property Profile
Location Intelligence
Current Use by Public Records
Shelter Insurance Gravette
Insurance Agency
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FAQs
What type of property is this?
Retail space - Historic building with 20' ceilings, original tin, hardwood floors, exposed brick, mezzanine, and a full walkout basement.
Where is this retail space located?
The property is located at 109 SE Main Street 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: Commercial building with 20' ceilings, original tin, hardwood floors, and exposed brick; Mezzanine level plus a full walkout basement for added usable space; Custom bar with granite countertop and 3‑compartment stainless steel sink
