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    909 Broad St Texarkana, AR 71854

    For Sale
    $550,000

    10,000 SF Restaurant, Banquet Hall, Ample Parking

    Property size:
    10,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 10,000-square-foot multi-purpose building presents a unique investment opportunity in Texarkana, Arkansas. Previously operating as a successful restaurant, this property is ideally suited for a variety of uses, including a new restaurant or a banquet facility. The building boasts a fully equipped kitchen, complete with a grease trap and vent hood, making it ready for immediate occupancy by a food service business. A highlight of this property is the expansive banquet hall, capable of seating approximately 200 guests and featuring a dance floor, perfect for weddings, corporate events, or other large gatherings. The ample parking ensures convenient access for patrons and staff. Four public restrooms are conveniently located throughout the building. The asking price is $550,000, representing a price per square foot of $55. Located at 909 E Broad St, Texarkana, AR 71854, this property is offered as a vacant NNN lease. This versatile space offers significant potential for a discerning investor seeking a high-return commercial property in a thriving location. The building's size, amenities, and prime location make it an attractive prospect for a wide range of businesses. Don't miss this chance to acquire a substantial and well-equipped commercial property in a desirable market.

    Property Features for 909 Broad St

    General Information

    Property type
    Restaurants
    Square Feet
    10,000 SF

    HighLights

    • 10,000 SF multi‑use building with kitchen, grease trap, and hood system.
    • 200‑seat banquet hall with dance floor.
    • Ample parking and four restrooms.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Unity In the Community Community Center

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Texarkana
    County
    Miller
    State
    Arkansas
    Longitude
    -94.0274413
    Latitude
    33.431637

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    FAQs

    What type of property is this?
    Restaurant - 10,000 SF Restaurant, Banquet Hall, Ample Parking
    Where is this restaurant located?
    The property is located at 909 Broad St Texarkana, AR.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: 10,000 SF multi-use building with kitchen, grease trap, and hood system.; 200-seat banquet hall with dance floor.; Ample parking and four restrooms.
    Request Owner's contact information
    909 Broad St Texarkana, AR 71854
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    Texarkana, AR 71854
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    909 Broad St Texarkana, AR 71854
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