Corner Storefront
For Sale
$599,000
2700 Grand Avenue, Fort Smith, AR 72901
Two-suite commercial layout with one occupied suite and a separate space available for lease.
Property Size2,818 SF
Price / SF$212.56
Days on Market69
Property Features for 2700 Grand Avenue
General Information
Standard status
Active
Size
2,818 SF
Property subtype
CommercialSale
Additional Details
Corner Location
Yes
Building Details
Tenancy
Multi
Listing Agency:
Sagely & Edwards Realtors
(479) 782-8911
Listed By:
Jeff Beauchamp · License #SA00088441
(479) 719-5037
Source:
Assurancerealtyfsm
Added: Jul 31
Changed: Sep 10
Last Checked: Oct 7 at 11:51AM
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 Sagely & Edwards Realtors
Investment Insights
Based on property information with market context.
This corner storefront property at 2700 Grand Ave in Fort Smith, Arkansas, contains two separate suites. Suite A measures approximately 2,204 square feet and is vacant, while Suite B measures approximately 600 square feet and is leased. Suite A is also available for lease, providing flexibility for an owner-user, additional occupancy, or separate leasing strategy. The property previously housed a pawn loan business and later operated as a music equipment retail location.
The site is across the street from Taco Bell and Little Caesars Pizza, with McDonald’s located diagonally across the street. The property is offered for sale, and Suite B has 6 years remaining on its lease with an additional 10-year option.
The site is across the street from Taco Bell and Little Caesars Pizza, with McDonald’s located diagonally across the street. The property is offered for sale, and Suite B has 6 years remaining on its lease with an additional 10-year option.
Key Highlights
- Corner storefront at 2700 Grand Ave, Fort Smith, AR 72901
- Two suites measuring approximately 2,204 square feet and approximately 600 square feet
- Suite A is vacant and available for lease
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,109
Cap Rate
3.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$442,180
$442.2K
Cap Rate 7%
$315,843
$315.8K
Cap Rate 9%
$245,656
$245.7K
Market Conditions
NOI Build-Up for 2,818 SF
Gross rent
$33.8K $12.00/SF
− Vacancy
−$2.2K −$0.79/SF
EGI
$31.6K $11.21/SF
− OpEx
−$9.5K −$3.36/SF
NOI
$22.1K $7.85/SF
Area
Sebastian County, AR
Vacancy
6.60%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$442,180
Cap Rate 7%
$315,843
Cap Rate 9%
$245,656
Alternative Uses
Best Use
Retail
$315.8K
$276.4K – $368.5K
NOI $22,109 @ 7.0% cap · market cap 3.69%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$599.6K
$524.6K – $699.5K
NOI $41,969 @ 7.0% cap · market cap 7.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
556
Businesses Nearby
92k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 63%
Shops & Services 34%
Home Improvements & Furnishings 2%
Electronics 1%
McDonald's
Dining
27,393 visits/mo
0.1 miles
Taco Bell
Dining
16,958 visits/mo
0.1 miles
Little Caesars Pizza
Dining
10,092 visits/mo
0.0 miles
Dollar Tree
Shops & Services
9,972 visits/mo
0.4 miles
Dollar General
Shops & Services
7,183 visits/mo
0.3 miles
Demographics for 72901, AR
20,973
Population
10,337
Households
2
Avg Household Size
37
Median Age
21%
College-Educated
81%
High-School Grad
8.7 sq mi
ZIP Area
2,411
Density / Sq Mi
$42,568
Median Household Income
$30,582
Median Earnings
$837
Median Rent
$113,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Storefront property - Two-suite commercial layout with one occupied suite and a separate space available for lease.
Where is this storefront property located?
The property is located at 2700 Grand Avenue Fort Smith, 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: Corner storefront at 2700 Grand Ave, Fort Smith, AR 72901; Two suites measuring approximately 2,204 square feet and approximately 600 square feet; Suite A is vacant and available for lease
