Mixed-Use Center with National
For Sale
Contact for pricing
4600 Towson Ave, Fort Smith, AR 72901
Mixed-use center with a 71% leased strip component, anchored by national and regional tenants, plus additional leasing and out-parcel opportunities.
Property Size35,449 SF
Days on Market147
Property Features for 4600 Towson Ave
General Information
Standard status
Active
Size
35,449 SF
Property subtype
Mixed Use, Office, Retail, Special Purpose, Business for Sale
Occupancy
71%
Additional Details
Highway Access
Yes
Listing Agency:
Crest Realty Advisors
Listed By:
Jason Cropper · License #AR SA00050768
Source:
Crexi
Added: Apr 12
Changed: Aug 17
Last Checked: Aug 14 at 7:50AM
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 Crest Realty Advisors
Investment Insights
Based on property information with market context.
Phoenix Center is a mixed-use property sold with in-place cash flow, supported by long-term tenants and additional site opportunities. The 35,449-sf strip center is 71% leased, with 83% of in-place rents coming from national and regional tenants. Anchors include Sitel Group and Arkansas HMA Regional Service Center, an affiliate of Community Health Systems. Long-term tenants also include Goodwill Industries of Arkansas and Career Academy of Hair Design, and OK Foods.
The site also includes a 40,000-sf Professional Building available for lease, with TI reserves of over $800,000 that could be included in the sale. Improvements include a new (2020) tapered insulation TPO roof, twenty-six new packaged air units installed in 2021, and a newly updated parking field immediately adjacent to the building. In addition, a 36,000-sf vacant space is available for lease and fronts on Hwy 253 (Wheeler Avenue).
There are four out parcels on-site, including an out parcel under long-term ground lease to Mercy Health of Fort Smith, with construction under way on an acute care clinic. Access to the broader market is supported by US 71 and I-540, and Fort Smith Regional Airport is approximately three miles away. The property’s projected NOI is close to $2,000,000, with TI reserves over $800,000 in cash.
The site also includes a 40,000-sf Professional Building available for lease, with TI reserves of over $800,000 that could be included in the sale. Improvements include a new (2020) tapered insulation TPO roof, twenty-six new packaged air units installed in 2021, and a newly updated parking field immediately adjacent to the building. In addition, a 36,000-sf vacant space is available for lease and fronts on Hwy 253 (Wheeler Avenue).
There are four out parcels on-site, including an out parcel under long-term ground lease to Mercy Health of Fort Smith, with construction under way on an acute care clinic. Access to the broader market is supported by US 71 and I-540, and Fort Smith Regional Airport is approximately three miles away. The property’s projected NOI is close to $2,000,000, with TI reserves over $800,000 in cash.
Key Highlights
- Phoenix Center is anchored by national/credit tenants including Sitel Group and an HMA Regional Service Center affiliate of Community Health Systems (NYSE: CYH).
- 35,449‑sf strip center is 71% leased, with 83% of in‑place rents from national and regional tenants.
- Out parcel with a long‑term ground lease to Mercy Health of Fort Smith; construction is under way on an acute care clinic.
Property Analytics
Property Profile
Current Use
Lease Details
71%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
459
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use center with a 71% leased strip component, anchored by national and regional tenants, plus additional leasing and out-parcel opportunities.
Where is this mixed-use property located?
The property is located at 4600 Towson Ave Fort Smith, AR.
What are key features of this property?
This property features: Phoenix Center is anchored by national/credit tenants including Sitel Group and an HMA Regional Service Center affiliate of Community Health Systems (NYSE: CYH).; 35,449‑sf strip center is 71% leased, with 83% of in‑place rents from national and regional tenants.; Out parcel with a long‑term ground lease to Mercy Health of Fort Smith; construction is under way on an acute care clinic.
