Commercial Property on Hwy
605 NW 1st Avenue Gravette, AR 72736
605 NW 1st Avenue, Gravette, AR, 72736
$235,000
For Sale
$235,000
Commercial property on Hwy 59 with high visibility.
Property Size1,264 SF
Price / SF$185.92
Days on Market122
Property Features for 605 NW 1st Avenue
General Information
- Standard status
- Active
- Size
- 1,264 SF
- Property subtype
- Commercial/Industrial
Listing Agency
Crye-Leike REALTORS, Gentry
(479) 233-0296
Listed by
Verla Martinec · License #SA00086205
(479) 233-0296
Source
Exitrealty
Added: Mar 18 Checked: Jul 10 at 3:55 pm
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 Crye-Leike REALTORS, Gentry
Investment Insights
Based on property information with market context.
Located on Hwy 59 in Gravette, this 1264 square-foot commercial property presents an excellent opportunity for various businesses. Currently operating as a beauty salon and tattoo parlor, the property offers possibilities for retail, a mini flea market, boutique, or office space. Situated in a high-traffic area, the location provides great visibility and strong potential for business growth. Some salon equipment may be included with an acceptable offer.
Key Highlights
- High traffic location on Hwy 59 with excellent visibility.
- Versatile commercial space suitable for various businesses (retail, flea market, boutique, office).
- Currently operating as a beauty salon and tattoo parlor, demonstrating existing commercial viability.
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 | $22.0k | $17.40 |
| − Vacancy | −$1.5k | −$1.15 |
| EGI | $20.5k | $16.25 |
| − OpEx | −$6.2k | −$4.88 |
| NOI | $14.4k | $11.38 |
1,264 SF · lease $17.40/SF/yr · vacancy 6.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$205.4K
$179.7K – $239.7K
NOI $14,379 @ 7.0% cap · market cap 6.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$347.4K
$303.9K – $405.3K
NOI $24,315 @ 7.0% cap · market cap 10.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
The Meatin' Place
Restaurant
Hillcrest Cemetery
Cemetery
Permanent Cosmetic’s by ...
Medical Clinic
Savy Skin
Hair Salon
ATM Machine at Blended ...
Atm
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Commercial property on Hwy 59 with high visibility.
Where is this retail space located?
The property is located at 605 NW 1st Avenue Gravette, AR.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: High traffic location on Hwy 59 with excellent visibility.; Versatile commercial space suitable for various businesses (retail, flea market, boutique, office).; Currently operating as a beauty salon and tattoo parlor, demonstrating existing commercial viability.
