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    Specialty properties

    412 Newton St, Paragould, AR 72450

    4,397 SF 0.56 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional special-purpose property, located at 412 Newton St, Paragould, AR 72450, presents a unique investment opportunity. The 4,397 square foot building sits on a 0.56-acre lot and is zoned R-2. The property comprises two parcels, encompassing four lots, offering significant potential for redevelopment or continued use as a religious facility. The existing structure features a large central sanctuary, perfectly suited for worship services or large gatherings. Ample seating and a functional baptistry are already installed. Several versatile multi-purpose rooms are ideal for meetings, classes, or community events. These rooms are easily adaptable, with existing dividers allowing for the creation of three smaller rooms. Tables and chairs are included. A small kitchen area adds further convenience. This property's spacious layout and adaptable rooms provide numerous possibilities beyond its previous use as a church. The location in Greene County, Arkansas, offers easy access to local amenities and transportation. The asking price is $155,000. This is an exceptional opportunity for investors seeking a versatile property with significant potential.

    Property profile
    Verified
    Property type Specialty properties
    Total area 4,397 SF
    Lot 0.56 ac (24,394 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Newton Street Church of Christ Church
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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