388 Highway 62 Salem, AR 72576
This exceptional 10,870-square-foot industrial manufacturing facility, located at 388 Highway 62 East in Salem, Arkansas, presents a compelling investment opportunity. Situated on a generous 2.84-acre lot, this single-story Class C building was constructed in 1970 and offers ample parking. The property is currently vacant, providing immediate occupancy for a new owner. The building's layout comprises a substantial 4,891 square feet dedicated to industrial space (45% of the total) and a significant 5,978 square feet of office space (55%). This versatile configuration caters to a wide range of manufacturing or industrial uses. The asking price is $215,000, and the annual property taxes are $2,237.20. The property's address is 388 Hwy 62 E, Salem, AR 72576, within Fulton County. Its convenient location offers easy access to key transportation routes, making it an ideal location for businesses needing efficient logistics. This property represents a rare chance to acquire a well-situated, sizable industrial building at an attractive price point. Don't miss this opportunity to secure a valuable asset in a growing market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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