0 Phoenix Ave Fort Smith, AR 72903
This exceptional 0.811-acre commercial land parcel presents a unique investment opportunity in Fort Smith, Arkansas. Located on Phoenix Avenue, the property boasts a daily traffic count of 19,000 vehicles, offering unparalleled visibility and accessibility. Its strategic location provides excellent exposure to the high-volume traffic of Interstate 540, with a daily count of 51,000 vehicles. The property is zoned C-5, allowing for a wide range of commercial uses. This vibrant area is experiencing significant growth, fueled by residential development surrounding the property and the construction of a new US Air Force training facility, promising a substantial influx of residents. Further enhancing its appeal, the property is situated less than one mile from the Fort Smith Regional Airport and a newly constructed 45,900 square foot Veterans Administration Clinic. This combination of high traffic counts, favorable zoning, and proximity to key infrastructure and amenities makes this land ideal for retail development or other commercial ventures. The property is currently vacant, providing a blank canvas for a new development to capitalize on the area's growth trajectory.
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
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.