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    623 Towson Ave Fort Smith, AR 72901

    Sponsored
    For Sale
    $280,000

    High-traffic corner lot near Baptist Health.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional 14,000 sq ft commercial lot in Fort Smith, Arkansas, presents a unique investment opportunity. Located at 623 Towson Ave, 72901, this prime corner property boasts 100 feet of frontage on Towson Avenue and 140 feet on F Street, ensuring high visibility and accessibility. Its strategic position across F Street from Baptist Health and adjacent to the University of Arkansas for Medical Sciences (UAMS) makes it ideally suited for businesses catering to the substantial medical community. The asking price is $280,000, translating to a land value of $20 per square foot. The property's high traffic count and proximity to major medical facilities offer significant potential for a variety of commercial ventures, such as a coffee shop, small retail establishment, or medical-related business. An additional 28,000 sq ft lot is available, offering the potential for expansion and increased frontage along Towson Avenue (300 ft total) and South F Street (140 ft total). The property's APN is 12763-0005-00050-00. This is a rare chance to acquire a well-positioned commercial lot in a thriving area with strong growth potential. Serious inquiries are encouraged.

    Property Features for 623 Towson Ave

    General Information

    Property type
    Land

    HighLights

    • 14,000 sq ft commercial lot in Fort Smith, AR, at 623 Towson Ave, 72901.
    • Prime corner location with 100 ft of frontage on Towson Ave and 140 ft on F St.
    • High visibility across from Baptist Health and adjacent to UAMS.
    • $280,000 asking price ($20/sq ft).
    • Adjacent 28,000 sq ft lot available for expansion.
    • APN: 12763‑0005‑00050‑00.
    Property Profile Location Intelligence

    Current Use by Public Records

    T-Mack’s BBQ & FISH, ... Barbecue Restaurant

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Law Firm Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Smith
    County
    Sebastian
    State
    Arkansas
    Longitude
    -94.420888
    Latitude
    35.377578

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    FAQs

    What type of property is this?
    Land - High-traffic corner lot near Baptist Health.
    Where is this land located?
    The property is located at 623 Towson Ave Fort Smith, AR.
    What is the asking price?
    The asking price for this property is $280,000.
    What are key features of this property?
    This property features: 14,000 sq ft commercial lot in Fort Smith, AR, at 623 Towson Ave, 72901.; Prime corner location with 100 ft of frontage on Towson Ave and 140 ft on F St.; High visibility across from Baptist Health and adjacent to UAMS.
    (479) 285-1230
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    623 Towson Ave Fort Smith, AR 72901
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    Fort Smith, AR 72901
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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
    623 Towson Ave Fort Smith, AR 72901
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