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    388 Highway 62 Salem, AR 72576

    Sponsored
    For Sale
    $215,000

    10,870 SF Vacant Industrial Building

    Property size:
    10,870 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 10,870-square-foot industrial manufacturing facility, located at 388 Highway 62 East in Salem, Arkansas, presents a compelling investment opportunity. Situated on a generous 2.84-acre lot, this single-story Class C building was constructed in 1970 and offers ample parking. The property is currently vacant, providing immediate occupancy for a new owner. The building's layout comprises a substantial 4,891 square feet dedicated to industrial space (45% of the total) and a significant 5,978 square feet of office space (55%). This versatile configuration caters to a wide range of manufacturing or industrial uses. The asking price is $215,000, and the annual property taxes are $2,237.20. The property's address is 388 Hwy 62 E, Salem, AR 72576, within Fulton County. Its convenient location offers easy access to key transportation routes, making it an ideal location for businesses needing efficient logistics. This property represents a rare chance to acquire a well-situated, sizable industrial building at an attractive price point. Don't miss this opportunity to secure a valuable asset in a growing market.

    Property Features for 388 Highway 62

    General Information

    Property type
    Manufacturing properties
    Square Feet
    10,870 SF
    Class
    C
    Lot Size
    123,710 SF

    Building Details

    Year Built
    1970
    Stories
    1

    HighLights

    • 10,870 SF industrial/light manufacturing building, Class C construction.
    • Built in 1970, single‑story building on a 2.84‑acre lot.
    • Features 5,978 SF of office space (55%) and 4,891 SF of industrial space (45%).
    • Ample parking available.
    • Annual property taxes: $2,237.20.
    Property Profile Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Spa & Massage Building Supply Dental Office Hair Salon Auto Repair Shop Nail Salon Hotel & Motel Auto Parts Store Department Store Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Fulton
    State
    Arkansas
    Longitude
    -91.8262383
    Latitude
    36.3679269

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    FAQs

    What type of property is this?
    Manufacturing property - 10,870 SF Vacant Industrial Building
    Where is this manufacturing property located?
    The property is located at 388 Highway 62 Salem, AR.
    What is the asking price?
    The asking price for this property is $215,000.
    What are key features of this property?
    This property features: 10,870 SF industrial/light manufacturing building, Class C construction.; Built in 1970, single-story building on a 2.84-acre lot.; Features 5,978 SF of office space (55%) and 4,891 SF of industrial space (45%).
    Request Owner's contact information
    388 Highway 62 Salem, AR 72576
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    Salem, AR 72576
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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
    388 Highway 62 Salem, AR 72576
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