1835-2115 NW Ave El Dorado, AR
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Regional shopping center with value-add and future development potential.
Type:RETAIL
Property size:
237,519 SFLot size:
20.97 AcresPrice / SF:
$56/SF- Added:
- Nov 9, 2024
- Days on Market:
- 528
- Last Refresh:
- Apr 5 at 9:55 pm
Property Features for 1835-2115 NW Ave
General Information
- Standard status
- Active
- Size
- 237,519 SF
- Lot size
- 20.97 Acres
- Property subtype
- RETAIL
Listing agent Andrew Ackerman (770) 626-0445
Listing office Sands Investment Group (SIG) | Fort Lauderdale (770) 626-0445
Listing date Nov 9, 2024
Source Moodyscre
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 Sands Investment Group (SIG) | Fort Lauderdale
Overview
Dominant Shopping Center For Sale
Mellor Park is a dominant shopping center in El Dorado, featuring a strong national tenant mix including TJ Maxx, Hobby Lobby, Dollar Tree, Bealls, Citi Trends, Shoe Show, and Applebee’s. The property is currently 77.5% occupied, presenting a value-add opportunity for NOI appreciation by filling vacant suites. The proforma NOI is estimated to be $1,609,726, with a current NOI of $1,180,745. A large parking field in the rear offers redevelopment potential with approximately 5 acres of developable area. The site includes three pad sites occupied by Applebee’s, Yamato Japanese Restaurant, and Red River Credit Union, providing flexibility in future exit strategy. Bealls has executed a 10-year lease and opened for business in October 2024. Starbucks, which is not part of the offering but available for purchase, is under construction and expected to open in April 2025. El Dorado is home to Murphy USA (3,500 employees), Delek US Holdings (600 employees), Lanxess (500 employees), South Arkansas Regional Hospital (860 employees), and South Arkansas Community College (1,253 students), contributing to a stable and growing economy. The property contains 237,519 square feet.
Location Intelligence
Current Use by Public Records
Shopping centers
Similar Places Nearby
- The Plaza — 524 W Faulkner St, El Dorado, AR 71730
Map
- City
- El Dorado
- County
- Union
- State
- Arkansas
- Longitude
- -92.6663
- Latitude
- 33.2076
Nearby Similar for Sale
FAQs
What type of property is this?
Shopping center - Regional shopping center with value-add and future development potential.
Where is this shopping center located?
The property is located at 1835-2115 NW Ave El Dorado, AR.
What is the asking price?
The asking price for this property is $13,419,000.
What are key features of this property?
This property features: Value‑add opportunity with 77.5% occupancy and potential to increase NOI to a proforma of $1,609,726.; Dominant shopping center in El Dorado with a strong national tenant mix including TJ Maxx and Hobby Lobby.; Future development potential with approximately 5 acres of developable area.
