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Historic Building in Downtown Gravette

109 SE Main Street, Gravette, AR 72736

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For Sale

$750,000

Versatile space suitable for office, retail, restaurant, or venue.

Type:Commercial/Industrial

Property size:

4,016 SF

Lot size:

0.07 Acres

Price / SF:

$186/SF

HighLights

Versatile 4,000sf +- open space suitable for office, retail, restaurant, or event venue.
Historic building in downtown Gravette with original tin ceilings and hardwood floors.
Mezzanine with spiral staircase and upstairs balcony for entertainment.
Renovated bathrooms (multiple stalls) and oversized his & hers lounge rooms with updated private bathroom.
Bar with granite top and 3 compartment sink.
Full walk‑out basement for storage.

We can help!

Contact an agent

Brennan Sharpe

For Sale

$750,000

Versatile space suitable for office, retail, restaurant, or venue.

Type:Commercial/Industrial

Property size:

4,016 SF

Lot size:

0.07 Acres

Price / SF:

$186/SF

Added:: Dec 7, 2024
Days on Market:: 567
Last Refresh:: May 20 at 2:28 am

Property Features for 109 SE Main Street

General Information

Standard status: Active
Size: 4,016 SF
Lot size: 0.07 Acres
Property subtype: Commercial/Industrial

Building Details

Year Built: 1920

We can help!

Contact an agent

Brennan Sharpe

Listing office Steve Fineberg & Associates

Listing date Dec 7, 2024

Source Exitrealty

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

HighLights

Versatile 4,000sf +- open space suitable for office, retail, restaurant, or event venue.
Historic building in downtown Gravette with original tin ceilings and hardwood floors.
Mezzanine with spiral staircase and upstairs balcony for entertainment.
Renovated bathrooms (multiple stalls) and oversized his & hers lounge rooms with updated private bathroom.
Bar with granite top and 3 compartment sink.
Full walk‑out basement for storage.

Overview

This historic building, located in downtown Gravette, offers approximately 4,000 square feet of open office or retail space. The property features a mezzanine, two renovated bathrooms with multiple stalls, hardwood floors, a bar with a granite top, and a three-compartment sink. Original tin ceilings and retail windows with display wells add to the building's character. A spiral staircase leads to the mezzanine. The property also includes a full walk-out basement for storage. The versatile layout is suitable for various concepts, including office, retail, restaurant, or wedding and event venue. An upstairs balcony is currently used for entertainment and includes oversized his and hers lounge rooms with updated private bathrooms. According to the seller, the total square footage is approximately 4,000 square feet, though courthouse records do not include the mezzanine or second-floor square footage.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$89.2k	$22.20
− Vacancy	−$6.1k	−$1.51
EGI	$83.1k	$20.69
− OpEx	−$20.8k	−$5.17
NOI	$62.3k	$15.52

4,016 SF · lease $22.20/SF/yr · vacancy 6.80% · expense 25.00%

Alternative Uses

Best Use

Office B

$890.3K

$779.0K – $1.04M (±1% cap)

NOI $62,319 @ 7.0% cap · market cap 8.31%

Second Best

Specialty Retail

$771.6K

$675.2K – $900.2K (±1% cap)

NOI $54,014 @ 7.0% cap · market cap 7.20%

Theoretical Best

Office A

$1.10M

$965.7K – $1.29M (±1% cap)

NOI $77,254 @ 7.0% cap · market cap 10.30%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Shelter Insurance Gravette Insurance Agency

Suggested Use

Location Insight

Map
Local Demand

City: Gravette
County: Benton
State: Arkansas
Longitude: -94.453
Latitude: 36.4221

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Historic Downtown Building For Sale

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109 SE Main St, Gravette, AR 72736

View Details

For sale
Retail space
AR
Gravette
72736
109 SE Main Street

What type of property is this?

Retail space - Versatile space suitable for office, retail, restaurant, or venue.

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 $750,000.

What are key features of this property?

This property features: Versatile 4,000sf +- open space suitable for office, retail, restaurant, or event venue.; Historic building in downtown Gravette with original tin ceilings and hardwood floors.; **Mezzanine with spiral staircase and upstairs balcony for entertainment.**