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    604 Center St Lonoke, AR 72086

    Sponsored
    For Sale
    $550,000

    Prime 7,996 SF Retail Building & Land

    Property size:
    7,996 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional commercial property presents a rare investment opportunity in Lonoke, Arkansas. Located at 604 N Center Street, this offering encompasses a 7,996 square foot, single-story metal building constructed in 2012, featuring insulated walls and roof. The building sits on a combined lot size of 1.5 to 2 acres, providing ample space for expansion or future development. The property includes 25 parking spaces and benefits from a highly visible corner lot location. Strategically positioned between Interstate 40 and the downtown business district, including the county courthouse, this location offers excellent accessibility and high traffic exposure. Previously operating as a True Value Hardware store, the property is well-suited for a variety of retail businesses, including national chains. The sale includes both parcels, offering significant potential for growth and development. Existing inventory, displays, and equipment may be available for purchase separately. The asking price is $550,000, with a price per square foot of $68.78. This is a Net Net Net (NNN) lease type property. The possibilities for this prime location are truly limitless.

    Property Features for 604 Center St

    General Information

    Property type
    Investment properties
    Square Feet
    7,996 SF
    Lot Size
    65,340 SF

    Building Details

    Year Built
    2012
    Buildings
    1
    Stories
    1

    HighLights

    • 7,996 SF single‑story metal building constructed in 2012 with insulated walls and roof.
    • 1.5‑2 acre lot with 25 parking spaces on a highly visible corner lot in Lonoke, AR.
    • Excellent location between I‑40 and the downtown business district, offering high traffic exposure.
    • Suitable for various retail uses, including national chains.
    • Asking price: $550,000 ($68.78/SF), NNN lease.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lonoke
    County
    Lonoke
    State
    Arkansas
    Longitude
    -91.9004564
    Latitude
    34.7887726

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    FAQs

    What type of property is this?
    Investment property - Prime 7,996 SF Retail Building & Land
    Where is this investment property located?
    The property is located at 604 Center St Lonoke, 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: 7,996 SF single-story metal building constructed in 2012 with insulated walls and roof.; 1.5-2 acre lot with 25 parking spaces on a highly visible corner lot in Lonoke, AR.; Excellent location between I-40 and the downtown business district, offering high traffic exposure.
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    Lonoke, AR 72086
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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
    604 Center St Lonoke, AR 72086
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