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    46th St Ft Fort Smith, AR 72903

    For Lease
    $178,000

    Prime 0.5-acre lot, ideal ground lease.

    Lot size:
    21,780 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 0.5-acre commercial land parcel presents a unique investment opportunity in Fort Smith, Arkansas. Located at the hard corner of Phoenix Avenue and S 46th Street (zip code 72903), this single-tenant property offers significant potential. The site is situated in a thriving area, adjacent to the newly constructed Class "A" retail development, Phoenix Landing, which features a 1,300-square-foot suite currently available for lease at $32.00 per square foot, NNN. The property's strategic location benefits from its proximity to other commercial properties, including a 2.12-acre lot also available for sale nearby. This high-traffic area is a popular shopping destination in Fort Smith, conveniently located near the Fort Smith Pavilion and Fort Smith Regional Airport. The surrounding area boasts dense residential neighborhoods and the prominent ArcBest Technologies corporate headquarters, ensuring a strong customer base. Recreational amenities such as Parrot Island Waterpark and Hardscrabble Golf Course, as well as the charm of Historic Downtown Fort Smith, are also within easy reach. The ground lease is available for $89,000 per year. This property offers an excellent chance to establish a presence in a dynamic and rapidly growing commercial sector.

    Property Features for 46th St Ft

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    21,780 SF
    Total Rate
    178000

    Unit(s) available at that property

    Space
    Size
    21,780 SF
    Rate per SF
    $178,000

    HighLights

    • 0.5‑acre commercial lot at the hard corner of Phoenix Ave and S 46th St, Fort Smith, AR (72903).
    • High‑traffic location across from Phoenix Flyover, near Phoenix Landing (Class A retail development).
    • Ground lease available for $89,000 annually.
    • Strong surrounding demographics including nearby residential areas and ArcBest Technologies.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Fort Smith
    County
    Sebastian
    State
    Arkansas
    Longitude
    -94.3825502
    Latitude
    35.3381058

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    FAQs

    What type of property is this?
    Land - Prime 0.5-acre lot, ideal ground lease.
    Where is this land located?
    The property is located at 46th St Ft Fort Smith, AR.
    What is the lease rate?
    The lease rate is $178,000.
    What are key features of this property?
    This property features: 0.5-acre commercial lot at the hard corner of Phoenix Ave and S 46th St, Fort Smith, AR (72903).; High-traffic location across from Phoenix Flyover, near Phoenix Landing (Class A retail development).; Ground lease available for $89,000 annually.
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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
    46th St Ft Fort Smith, AR 72903
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