Spa & Wellness Center with Multiple
For Sale
$565,000
20 Town Square ST, Greenwood, AR 72936
COMMERCIAL - Greenwood, AR
Property Size7,400 SF
Price / SF$76.35
Days on Market50
Property Features for 20 Town Square ST
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
On Street
Directions
Take hwy 71 to W Center Street, take left on N. Aster Street around the Old Town Square, building on the right
Standard status
Active
APN
63660-0012-00003-01
Size
7,400 SF
Taxes and HOA fees
Tax Description
Lot 1 Block 4, Greenwood Original Town, except that part West of the West wall of Building B, Sebastian County, Arkansas, Section 12-Township 06-Range 31
Legal Description
Lot 1 Block 4, Greenwood Original Town, except that part West of the West wall of Building B, Sebastian County, Arkansas, Section 12-Township 06-Range 31
Utilities
Heating system
Central, Natural Gas
Cooling system
Central Air
Building Details
Year built
1969
Flooring type
Laminate, Vinyl, Other-specify in remarks, Tile - Ceramic, Carpet
Listing Agency:
McGraw REALTORS
(479) 226-3931
Listed By:
Carrie Gibson
(479) 226-3931
Added: Jul 4
Changed: Aug 4
Last Checked: Aug 22 at 10:06AM
MLS# 1090188
Copyright © 2026 Western River Valley Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This spa and wellness-focused commercial property comprises approximately 7,400 square feet and is configured into four separate tenant suites, each with its own entrance. The building is currently 75% leased, with the owner occupying the remaining 25%. The main storefront facing the square includes a spacious foyer and three additional rooms used for massage therapy. A separate large suite features a coffee and tea cafe, a full kitchen, and ample storage. Another suite provides a large reception/living area with three additional rooms currently set up for tanning services, plus storage. The third wellness-oriented suite includes a welcoming foyer, three massage therapy rooms, and additional storage. The fourth suite houses a fitness/workout center and includes an office and a private restroom.
Shared amenities include common restrooms, hallways, and additional storage areas for tenant and customer convenience. The property includes central heating and central air, with natural gas noted as the heating source, and on-street parking. Built in 1969, it is presented with a 7.43% cap rate, and there is an opportunity to lease the owner-occupied space or reconfigure for additional tenants. Trade fixtures and furniture do not convey.
Shared amenities include common restrooms, hallways, and additional storage areas for tenant and customer convenience. The property includes central heating and central air, with natural gas noted as the heating source, and on-street parking. Built in 1969, it is presented with a 7.43% cap rate, and there is an opportunity to lease the owner-occupied space or reconfigure for additional tenants. Trade fixtures and furniture do not convey.
Key Highlights
- Approximately 7,400 SF spa and wellness building built in 1969
- Four separate suites with four separate entrances
- Currently 75% leased; owner occupies the remaining 25%
Property Analytics
Property Profile
Current Use
Lease Details
75%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 72936, AR
14,515
Population
6,019
Households
2.4
Avg Household Size
38
Median Age
27%
College-Educated
92%
High-School Grad
80.9 sq mi
ZIP Area
179
Density / Sq Mi
$72,213
Median Household Income
$45,724
Median Earnings
$824
Median Rent
$197,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Spa & wellness property - Four-suite spa and fitness building on Town Square with four entrances and central HVAC, currently 75% leased.
Where is this spa & wellness property located?
The property is located at 20 Town Square ST Greenwood, AR.
What is the asking price?
The asking price for this property is $565,000.
What are key features of this property?
This property features: Approximately 7,400 SF spa and wellness building built in 1969; Four separate suites with four separate entrances; Currently 75% leased; owner occupies the remaining 25%
