Building Details

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Listing Agency: Ray and Associates Real Estate

Listed By: Stephen Ray Show Phone

Source: Gregrichandassociates

Added: Feb 27, 2024 Changed: Oct 24 Last Checked: Oct 24 at 3:06PM

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Investment Insights

Based on property information with market context.

This office building is configured with 10 offices, a large reception area, a 30-by-54-foot auditorium, a kitchen, and substantial storage. The property also includes 36 parking spaces.

Located in Magnolia, the building is currently leased.

Key Highlights

• 10 offices and a large reception area
• 30x54 auditorium
• Kitchen and extensive storage

Property Analytics

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Open Analytics

Current Use

Central Arkansas Development Charitable Organization

Suggested Use

Top Pick Parking Lot & Garage Skin Care Clinic Grocery & Convenience Store (Bike/Boat/Book/etc) Store HVAC Service Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

10

Office units

Location Intelligence

Trade Area within ½ mile

674

Businesses Nearby

Explore this area Business Placement

Demographics for 71753, AR

16,000

Population

7,421

Households

2.2

Avg Household Size

35

Median Age

21%

College-Educated

87%

High-School Grad

311.1 sq mi

ZIP Area

51

Density / Sq Mi

$45,714

Median Household Income

$26,675

Median Earnings

$625

Median Rent

$166,900

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Office building - An established office layout includes dedicated meeting space and on-site parking.

Where is this office building located?

The property is located at 302 East North Magnolia, AR.

What is the asking price?

The asking price for this property is $649,000.

What are key features of this property?

This property features: 10 offices and a large reception area; 30x54 auditorium; Kitchen and extensive storage