Standalone Medical Office
For Sale
Contact for pricing
1220 North Washington Street, Forrest City, AR 72335
Standalone clinic property with an existing medical lease and additional renewal options.
Property Size1,377 SF
Lot Size0.52 Acres
Price / SF$381.99
Days on Market130
Property Features for 1220 North Washington Street
General Information
Standard status
Active
Size
1,377 SF
Class
A
Lot size
0.52 Acres
Property subtype
Office
Occupancy
100%
Investment Type
Sale/Leaseback
Net Operating Income
$42,132
Additional Details
Cap Rate
8%
Road Access
Yes
Building Details
Year Built
2023
Buildings
1
Stories
1
Units
1
Tenancy
Single
Building Size
1,377 SF
Listing Agency:
Haag Brown Commercial Real Estate and Development
(870) 284-4448
Listed By:
Zac Qualls · License #EB00073816
Source:
Crexi
Added: Apr 24
Changed: Aug 30
Last Checked: Aug 31 at 7:44PM
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 Haag Brown Commercial Real Estate and Development
Investment Insights
Based on property information with market context.
Built in 2023, this 1,377-square-foot standalone medical office building occupies approximately 0.52 acres and is configured for continued healthcare use. The site includes parking and supports the existing medical occupancy at the property.
Access Medical Clinic is the current occupant, with just over one year remaining on the primary lease term. The lease also includes three additional three-year renewal options, providing a defined framework for potential continued occupancy. The property is located at 1220 North Washington Street in Forrest City, Arkansas.
Access Medical Clinic is the current occupant, with just over one year remaining on the primary lease term. The lease also includes three additional three-year renewal options, providing a defined framework for potential continued occupancy. The property is located at 1220 North Washington Street in Forrest City, Arkansas.
Key Highlights
- 1,377 SF standalone medical office building
- Built in 2023
- Approximately 0.52 acres
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
271
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 72335, AR
16,624
Population
6,513
Households
2.6
Avg Household Size
41
Median Age
14%
College-Educated
86%
High-School Grad
159.0 sq mi
ZIP Area
105
Density / Sq Mi
$39,045
Median Household Income
$28,673
Median Earnings
$814
Median Rent
$92,700
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Standalone clinic property with an existing medical lease and additional renewal options.
Where is this medical office space located?
The property is located at 1220 North Washington Street Forrest City, AR.
What is the asking price?
The asking price for this property is $526,000.
What are key features of this property?
This property features: 1,377 SF standalone medical office building; Built in 2023; Approximately 0.52 acres
