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    7301 Victory Blvd Newport, AR 72112

    For Sale
    $4,696,640

    234,832 SF Industrial Building, Newport, AR

    Property size:
    234,832 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 234,832-square-foot industrial warehouse building in Newport, Arkansas presents a compelling owner-user opportunity. Located on a sizable 23.5-acre lot with frontage on three streets, this Class C property boasts convenient access to US-67, just 2.3 miles away, providing easy connectivity to major transportation routes. The building, constructed in 1950 and extensively renovated in 2023, features 11 dock-high doors and 2 loading docks, complemented by a substantial 22.08-foot (peak) ceiling height. Recent improvements include a new roof with silicone coating, new LED lighting throughout, new insulation, and repaired or replaced overhead doors. The property is currently vacant, with an occupancy date of February 1, 2024, and is zoned for industrial use. The building's strategic location near the Newport Municipal Airport and Arkansas State University Newport Campus adds to its appeal. Additional features include 1,005,364 square feet of air rights and convenient ingress/egress onto Victory Boulevard and Comet Drive. This single-unit building offers significant potential for various industrial uses, including distribution and manufacturing. The asking price is $4,696,640, translating to $20 per square foot. The property's APN is 013-00037-000 and 013-00022-011. This is a core investment opportunity with significant upside potential. The property is offered as a NNN lease.

    Property Features for 7301 Victory Blvd

    General Information

    Property type
    Distribution properties
    Square Feet
    234,832 SF
    Class
    C
    Lot Size
    1,023,660 SF

    Building Details

    Year Built/Renovated
    1950/2023
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • 234,832 SF industrial warehouse on a 23.5‑acre lot in Newport, AR.
    • Extensive 2023 renovations including new roof, LED lighting, and dock doors.
    • Convenient access to US‑67, 30 miles from Jonesboro, 80 miles from Memphis, and 85 miles from Little Rock.
    • Multiple ingress/egress points on Victory Boulevard and Comet Drive.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Realty agency

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

    Location Insight

    • Map
    • Local Demand
    City
    Newport
    County
    Jackson
    State
    Arkansas
    Longitude
    -91.19478865
    Latitude
    35.63973631

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    FAQs

    What type of property is this?
    Distribution property - 234,832 SF Industrial Building, Newport, AR
    Where is this distribution property located?
    The property is located at 7301 Victory Blvd Newport, AR.
    What is the asking price?
    The asking price for this property is $4,696,640.
    What are key features of this property?
    This property features: 234,832 SF industrial warehouse on a 23.5-acre lot in Newport, AR.; Extensive 2023 renovations including new roof, LED lighting, and dock doors.; Convenient access to US-67, 30 miles from Jonesboro, 80 miles from Memphis, and 85 miles from Little Rock.
    Request Owner's contact information
    7301 Victory Blvd Newport, AR 72112
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    Newport, AR 72112
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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
    7301 Victory Blvd Newport, AR 72112
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