Property profile

316 Hwy 62/412 Salem, AR 72576

OFF-MARKET
Retail properties & Spaces
960 SF 0.23 ac lot
Saved · see the list in your Dashboard

Property summary

AI-generated overview

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 profile

Verified
Property type Retail properties & Spaces
Total area 960 SF
Lot 0.23 ac (10,019 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

316 Hwy 62/412 Salem, AR 72576
Salem metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 316 Hwy 62/412?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message