115 University St Siloam Springs, AR 72761

Property Details for 115 University St

Year built

1905

Property size

7,500 SF

Property type

Retail space

Property subtype

Storefront properties

Description

This exceptional mixed-use property, located at 115 E University St in Siloam Springs, Arkansas, presents a compelling investment opportunity. The 7,500 square foot building, constructed in 1905 and renovated in 2012, boasts a prime location in the historic downtown district, a stone's throw from Memorial Park, The Hub, the new library, and a revitalized downtown area. With a C-2 zoning designation, this four-story building offers unparalleled flexibility. Currently configured as a multifamily property with up to eight units, it features 11 bedrooms, 7.5 bathrooms, and five kitchens, allowing for diverse uses such as office space, retail storefront, residential rentals, or short-term rentals (Airbnbs). The building's high visibility is enhanced by existing signage, including a unique backlit billboard-style sign visible throughout downtown. The property's strong financial performance is reflected in its $1,000,000 asking price, $133.33 price per square foot, and a substantial net operating income (NOI) of $62,500. This corner location offers exceptional visibility and access, making it an ideal investment for discerning buyers seeking a high-return property in a thriving Arkansas community. The property's versatility and strong financial performance make it a rare find in the Siloam Springs market.