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1835-2115 Ave NW El Dorado, AR

For Sale
$13,419,000

Regional shopping center with value-add and future development potential.

Property size:
237,519 SF
Lot size:
20.97 Acres

Property Features for 1835-2115 Ave NW

General Information

Size
237,519 SF
Lot size
20.97 Acres

Source: Sands Investment Group (SIG) | Fort Lauderdale Agent Andrew Ackerman

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


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 malls

Similar Places Nearby

The Plaza

Map

City
El Dorado
County
Union
State
Arkansas
Longitude
-92.6662674
Latitude
33.20763

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 Ave NW 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.
More about this property
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