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    316 Hwy 62/412 Salem, AR 72576

    For Sale
    $119,000

    High-traffic retail space, great investment.

    Property size:
    960 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional commercial property, located at 316 Hwy 62/412 E in Salem, Arkansas, presents a compelling investment opportunity. Situated on a 0.23-acre lot, the 960-square-foot building boasts a prime location with high traffic volume, ideal for a variety of businesses. The interior layout includes a lobby, two offices, a bathroom, and a substantial storage area, offering versatility for diverse operational needs. The property's highway frontage ensures excellent visibility and accessibility, making it an attractive prospect for both established businesses and new ventures. Its location in Salem, Arkansas, within Fulton County, places it near Lake Norfork, adding to its appeal. The property's potential extends beyond immediate occupancy, as it also presents a strong opportunity for rental income generation. This well-maintained building offers a blend of functionality and location, making it a highly desirable asset in the North Central Arkansas region. The asking price is $119,000. This is a rare opportunity to acquire a thriving commercial property in a desirable location.

    Property Features for 316 Hwy 62/412

    General Information

    Property type
    Land
    Square Feet
    960 SF
    Lot Size
    10,019 SF

    HighLights

    • Highway frontage property.
    • Excellent business opportunity.
    • Commercial business property for sale.
    • Located in North Central Arkansas.
    • Salem, Arkansas location.
    • Proximity to Lake Norfork.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Salem
    County
    Fulton
    State
    Arkansas
    Longitude
    -91.816263
    Latitude
    36.383819

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    FAQs

    What type of property is this?
    Land - High-traffic retail space, great investment.
    Where is this land located?
    The property is located at 316 Hwy 62/412 Salem, AR.
    What is the asking price?
    The asking price for this property is $119,000.
    What are key features of this property?
    This property features: Highway frontage property.; Excellent business opportunity.; Commercial business property for sale.
    Request Owner's contact information
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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
    316 Hwy 62/412 Salem, AR 72576
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