Property summary
Independence Plaza, located at 101 Monument St, Lowell, AR 72745, presents a unique investment opportunity. This Class A, 2,301 square foot executive office space is part of a larger mixed-use development planned for office, retail, and hotel uses. The 2.18-acre property boasts a prime location at the corner of W Monroe Ave (13,000 vehicles per day) and I-49 (25,000 vehicles per day), ensuring high visibility and accessibility. The building features two outdoor patios and ample parking, along with drive-thrus conveniently located at the building's end. The first floor offers approximately 5,100-27,177 square feet of space, while the second floor provides approximately 32,517 square feet. Ground floor office and retail spaces are available for those seeking 1,000-2,500 square feet. This development has received large-scale development approval, with building permits obtainable within 60 days and an anticipated occupancy date of 12 months following permit acquisition. The property's strategic location offers easy access to the Razorback Greenway Trail, is adjacent to Arvest Bank operations, and is less than a mile from JB Hunt Transport HQ. The planned development also includes a walkway to the Razorback Greenway and proximity to a retail center of approximately 15,500 square feet. The price is negotiable.
Property profile
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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