815 Fort St Barling, AR 72923

Property Details for 815 Fort St

Lot size

4.50 lot acres

Property size

61,131 SF

Property type

Office Properties & Spaces

Property subtype

Medical offices

Description

This exceptional investment opportunity presents a three-building mixed-use office complex totaling 61,131 square feet situated on a 4.5-acre lot in Barling, Arkansas. Located at 815, 813 Fort Street, and 911 D Street, this Class B property boasts a prime location near Interstate 49, Highway 22, Chaffee Crossing, and the Arkansas College of Osteopathic Medicine within the Fort Smith MSA. Currently operating under a net lease agreement with two tenants, the property enjoys an 87% occupancy rate with a remaining lease term of approximately 0.8 years (expiring October 31, 2024). The asking price is $4,240,000, translating to $69.36 per square foot based on the 22,816 square feet of net rentable space. The property features ample parking (150 spaces), a gymnasium, and substantial warehouse space. The buildings are two stories each, and the property is zoned for commercial use. While there are no rent bumps included in the current leases, the property offers significant potential for future income growth given its strategic location and the availability of one office building and a full medical clinic for lease. This institutional-grade, multi-tenant investment presents a compelling opportunity for discerning investors seeking a strong return in a rapidly developing area. The property is being sold by owner.