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    500 Broadway St West Memphis, AR 72301

    Sponsored
    For Lease
    $8 SF/Yr

    High-traffic shopping center, 6 spaces available

    Lot size:
    143,938 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    398
    This Class B shopping center, located at 500 W Broadway in West Memphis, AR (72301), offers 143,938 square feet of retail space across two buildings. Built in 1972 and renovated in 2011, the property boasts 25 suites, with 9,600 square feet currently vacant. Spaces range from a minimum of 1,200 square feet to a maximum contiguous space of 9,000 square feet. The center enjoys excellent visibility and accessibility on a high-traffic section of Broadway, directly across from West Memphis High School. Ample parking is available. Current tenants include Dollar General, Dollar Tree, It’s Fashion Metro, Crazy Hot Deals, and Hibbett Sports, indicating a strong existing tenant base and high foot traffic. The property is situated in Crittenden County and presents a compelling investment opportunity for retailers seeking a well-established location in a busy commercial area. This is a multi-tenant property with a proven track record.

    Property Features for 500 Broadway St

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    143,938 SF
    Class
    B
    Total Rate
    95958.67

    Building Details

    Year Built/Renovated
    1972/2011
    Buildings
    2

    Unit(s) available at that property

    Space
    MB #6
    Size
    1,600 SF
    Rate per SF
    $10
    Space
    MB #7
    Size
    2,000 SF
    Rate per SF
    $8
    Space
    420 #5
    Size
    1,200 SF
    Rate per SF
    $10
    Space
    MB #8
    Size
    2,000 SF
    Rate per SF
    $8
    Space
    420 #4
    Size
    1,200 SF
    Rate per SF
    $10
    Space
    MB #13
    Size
    1,600 SF
    Rate per SF
    $8
    Property Profile Location Intelligence

    Current Use by Public Records

    Dollar General Dollar Store Meadowbrook Square Shopping Mall Western Union Money Transfer Service Hibbett Sports Shoe Store Crazy Hot Deals Liquidator

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office 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
    West Memphis
    County
    Crittenden
    State
    Arkansas
    Longitude
    -90.196292990942
    Latitude
    35.145495722392

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    FAQs

    What type of property is this?
    Lifestyle center - High-traffic shopping center, 6 spaces available
    Where is this lifestyle center located?
    The property is located at 500 Broadway St West Memphis, AR.
    What is the lease rate?
    The lease rate is $8-$10 SF/Yr.
    Request Owner's contact information
    500 Broadway St West Memphis, AR 72301
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    West Memphis, AR 72301
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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
    500 Broadway St West Memphis, AR 72301
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