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    408 Greenwood Ave Fort Smith, AR 72901

    Sponsored
    For Sale
    $215,000

    Established Restaurant, High Traffic Area

    Property size:
    1,657 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This established restaurant in Fort Smith, Arkansas, presents a fantastic owner-user opportunity. Priced at $215,000, this 1,657 square foot space boasts a desirable C-2 zoning, allowing for diverse culinary ventures. Located at 408 N Greenwood Ave, in Sebastian County, zip code 72901, the property sits on a 0.16-acre lot. The single-story, Class B building, constructed in 1977, includes a functional vent hood, updated HVAC system, and ample signage opportunities. The high-traffic location ensures excellent visibility and potential for strong customer flow. The property features one unit with 1,657 square feet of net rentable space, priced at $129.75 per square foot. This turnkey operation offers immediate potential for a new restaurant owner or an expansion for an existing business. The property's features, combined with its prime location, make it an attractive investment for those seeking a thriving restaurant space in a busy area of Fort Smith. The APN is 14436-0023-00006-00. This is a rare opportunity to acquire a well-situated restaurant with existing infrastructure, ready for immediate occupancy.

    Property Features for 408 Greenwood Ave

    General Information

    Property type
    Restaurants
    Square Feet
    1,657 SF
    Class
    B
    Lot Size
    6,970 SF

    Building Details

    Year Built
    1977
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • $215,000 asking price for this 1,657 SF restaurant in Fort Smith, AR.
    • Owner‑user opportunity in a Class B building.
    • Located on a 0.16‑acre lot at 408 N Greenwood Ave, Fort Smith, AR 72901.
    • Features include a vent hood, updated HVAC, and signage, situated in a high‑traffic area.
    • C‑2 zoning.
    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 Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Smith
    County
    Sebastian
    State
    Arkansas
    Longitude
    -94.4031374
    Latitude
    35.3791501

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    FAQs

    What type of property is this?
    Restaurant - Established Restaurant, High Traffic Area
    Where is this restaurant located?
    The property is located at 408 Greenwood Ave Fort Smith, AR.
    What is the asking price?
    The asking price for this property is $215,000.
    What are key features of this property?
    This property features: $215,000 asking price for this 1,657 SF restaurant in Fort Smith, AR.; Owner-user opportunity in a Class B building.; Located on a 0.16-acre lot at 408 N Greenwood Ave, Fort Smith, AR 72901.
    Request Owner's contact information
    408 Greenwood Ave Fort Smith, AR 72901
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    Fort Smith, AR 72901
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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
    408 Greenwood Ave Fort Smith, AR 72901
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