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    11 10Th St Fort Smith, AR 72901

    For Sale
    $399,000

    High-return retail & multifamily investment

    Property size:
    6,973 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional downtown Fort Smith investment property, located at 11 & 15 North 10th Street (APN 11317-0010-00050-02), offers a unique blend of commercial and residential opportunities. The property encompasses a substantial 6,973 square feet, currently configured as a retail storefront at 11 North 10th Street, boasting excellent street visibility and high foot traffic potential. In addition to the ground floor retail space, the building features three sizable apartment units on the second floor, presenting immediate rental income. There's even the potential to develop a fourth apartment unit, further enhancing the property's income-generating capacity. The asking price is $399,000, translating to a price per square foot of $57.22. This presents a compelling opportunity for investors seeking a diversified portfolio with strong potential for appreciation and consistent cash flow in a vibrant downtown area. The property is situated in Sebastian County, Arkansas, with a Fort Smith zip code of 72901. This is a rare chance to acquire a mixed-use property in a desirable location with significant upside potential. Don't miss this chance to own a piece of downtown Fort Smith.

    Property Features for 11 10Th St

    General Information

    Property type
    Individual retail properties
    Square Feet
    6,973 SF

    HighLights

    • Downtown multifamily investment opportunity.
    • Retail space available for lease.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store 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
    -94.421148832311
    Latitude
    35.385322771871

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    FAQs

    What type of property is this?
    Individual retail property - High-return retail & multifamily investment
    Where is this individual retail property located?
    The property is located at 11 10Th St Fort Smith, AR.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: Downtown multifamily investment opportunity.; Retail space available for lease.;
    Request Owner's contact information
    11 10Th St 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
    11 10Th St Fort Smith, AR 72901
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