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815 Fort St Barling, AR 72923

Sponsored
For Sale
$4,240,000

Arkansas Mixed-Use Office Portfolio

Property size:
61,131 SF

Description

Added:
Dec 11, 2024
Days on Market:
391
This exceptional investment opportunity presents a three-building mixed-use office complex totaling 61,131 square feet situated on a 4.5-acre lot in Barling, Arkansas. Located at 815, 813 Fort Street, and 911 D Street, this Class B property boasts a prime location near Interstate 49, Highway 22, Chaffee Crossing, and the Arkansas College of Osteopathic Medicine within the Fort Smith MSA. Currently operating under a net lease agreement with two tenants, the property enjoys an 87% occupancy rate with a remaining lease term of approximately 0.8 years (expiring October 31, 2024). The asking price is $4,240,000, translating to $69.36 per square foot based on the 22,816 square feet of net rentable space. The property features ample parking (150 spaces), a gymnasium, and substantial warehouse space. The buildings are two stories each, and the property is zoned for commercial use. While there are no rent bumps included in the current leases, the property offers significant potential for future income growth given its strategic location and the availability of one office building and a full medical clinic for lease. This institutional-grade, multi-tenant investment presents a compelling opportunity for discerning investors seeking a strong return in a rapidly developing area. The property is being sold by owner.

Property Features for 815 Fort St

General Information

Property type
Medical offices
Square Feet
61,131 SF
Class
B
Lot Size
196,020 SF

Building Details

Buildings
3
Stories
2

HighLights

  • Excellent Investment Opportunity
  • Multi‑Tenant Office Building
  • Diverse Tenant Mix
  • Convenient Chaffee Crossing Location
Property Profile Location Intelligence

Current Use by Public Records

Kally Sivage Nurse Practitioner Zayna Glasscock Counselor

Suggested Use

Restaurant Realty agency Law Firm Building Supply Spa & Massage Auto Repair Shop Hair Salon Clothing Store Nail Salon Hotel & Motel

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

Location Insight

  • Map
  • Local Demand
City
Barling
County
Sebastian
State
Arkansas
Longitude
-94.305768217178
Latitude
35.328674136149

FAQs

What type of property is this?
Medical office - Arkansas Mixed-Use Office Portfolio
Where is this medical office located?
The property is located at 815 Fort St Barling, AR.
What is the asking price?
The asking price for this property is $4,240,000.
What are key features of this property?
This property features: Excellent Investment Opportunity; Multi-Tenant Office Building; Diverse Tenant Mix
More about this property
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