937 1St St Stephens, AR 71764
Distressed Grocery Store, 5,040 SF, $70,000
Property size:
5,040 SFProperty Features for 937 1St St
General Information
- Property type
- Individual retail properties
- Square Feet
- 5,040 SF
Building Details
- Year Built
- 1970
- Stories
- 1
Listing Agency: Ray Traylor Real Estate LLC Listing Agent: Ray Traylor, Cpa
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This 5,040-square-foot retail property, located at 937 N 1st St, Stephens, AR 71764, presents a unique investment opportunity. Built in 1970, this single-story building previously operated as a successful grocery store for many years. However, due to mismanagement and disrepair, it is now being sold in its current "as-is" condition. The asking price is $70,000, translating to $13.89 per square foot. The property requires significant renovations, including exterior and roof repairs, and mold remediation. The entire 5,040 square feet is net rentable. Despite its current condition, the property's size and location in Ouachita County, Arkansas, offer considerable potential for redevelopment. It could be restored to its former use as a commercial enterprise, or repurposed for alternative uses, potentially including residential conversion. This distressed sale presents a chance to acquire a substantial property at a significantly reduced price, allowing for substantial value creation through renovation and repositioning. The property's history as a thriving grocery store demonstrates the inherent viability of the location. Investors seeking a value-add project with high upside potential should seriously consider this opportunity.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Grocery and convenience stores
Location Insight
- Map
- Local Demand
- City
- Stephens
- County
- Ouachita
- State
- Arkansas
- Longitude
- -93.06531616141
- Latitude
- 33.420259678581
Nearby Similar for Sale
FAQs
What type of property is this?
Individual retail property - Distressed Grocery Store, 5,040 SF, $70,000
Where is this individual retail property located?
The property is located at 937 1St St Stephens, AR.
What is the asking price?
The asking price for this property is $70,000.
What are key features of this property?
This property features: $70,000 asking price for a 5,040 SF grocery store in Stephens, AR.; Distressed sale condition; needs exterior/roof repair and mold remediation.; Located at 937 N 1st St, Stephens, AR 71764.