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    Income-Producing Commercial Package For Sale Title is generated by Realmo AI

    302 EAST PARKWAY, Russellville, AR 72801

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    For Sale
    $2,000,000

    SINGLE_FAMILY - Russellville, AR

    Type:Retail
    Property size:
    15,322 SF
    Lot size:
    1.00 Acre
    Price / SF:
    $130/SF
    Added:
    May 16, 2026
    Days on Market:
    49
    Last Refresh:
    Jul 3 at 2:06 am

    Property Features for 302 EAST PARKWAY

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Standard status
    Active
    APN
    758-00409-000C
    Size
    15,322 SF
    Lot size
    1.00 Acre

    Taxes and HOA fees

    Tax Description
    LOT 5 & 6 OF BLK 76 OF J.L.SHINN ADDITION TO THE CITY OF RUSSELLVILLE.

    Building Details

    Year built
    1999

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    Contact an agent
    Wetzel Group

    Listing agent Wetzel Group

    Listing office Arkansas Real Estate Collective 500 W Main St Ste 405, Russellville, AR

    Listing date May 16, 2026

    MLS# 1347674

    Copyright © 2026 ArkansasONE MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • High traffic location minutes from downtown and ATU.
    • Multiple income streams from commercial suites and rental houses.
    • Fully occupied with established tenants.
    • Three commercial suites secured with 5‑year leases.
    • Includes 5 commercial suites and 4 rental houses.
    • Excellent visibility and proximity to businesses, neighborhoods, and student populations.

    Overview

    This income-producing commercial package is located along a high-traffic roadway, minutes from downtown and Arkansas Tech University (ATU). The property includes a fully occupied strip mall featuring a total of 5 suites, with 3 suites secured by 5-year leases, offering stable long-term rental income from established tenants. In addition to the commercial frontage, the property includes 4 rental houses, all currently leased, creating multiple streams of revenue and a strong occupancy history. The property's location ensures excellent visibility, consistent traffic flow, and proximity to surrounding businesses, neighborhoods, and student populations. The property size is 15,322 square feet on a 1-acre lot.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $211.4k $13.80
    − Vacancy −$14.0k −$0.91
    EGI $197.5k $12.89
    − OpEx −$59.2k −$3.87
    NOI $138.2k $9.02
    15,322 SF · lease $13.80/SF/yr · vacancy 6.60% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $1.97M
    $1.73M – $2.30M (±1% cap)
    NOI $138,242 @ 7.0% cap · market cap 6.91%
    Second Best
    Apartment 5plus
    $1.31M
    $1.15M – $1.53M (±1% cap)
    NOI $91,617 @ 7.0% cap · market cap 4.58%
    Theoretical Best
    Office A
    $2.45M
    $2.14M – $2.86M (±1% cap)
    NOI $171,361 @ 7.0% cap · market cap 8.57%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Iconic Barber LLC Barber Shop Simple Interlock Building Supply Meraki Hair studio Hair Salon Joyful Sole Pedi ... Alternative Medicine Practice Union Home Mortgage Loan Service

    Suggested Use

    Bar & Pub Nursing Home Nursing Home Grocery & Convenience Store Veterinary Clinic Electrical Service Bed & Breakfast Pet Grooming Service (Bike/Boat/Book/etc) Store Coworking & Hybrid Office

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

    Location Insight

    • Map
    • Local Demand
    City
    Russellville
    County
    Pope
    State
    Arkansas
    Longitude
    -93.130257
    Latitude
    35.280856

    FAQs

    What type of property is this?
    Strip mall - Commercial strip mall with rental houses near downtown and ATU.
    Where is this strip mall located?
    The property is located at 302 EAST PARKWAY Russellville, AR.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: High traffic location minutes from downtown and ATU.; Multiple income streams from commercial suites and rental houses.; Fully occupied with established tenants.
    More about this property
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