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    OFF-MARKET
    Commercial real estate

    316 Hwy 62/412, Salem, AR 72576

    0.23 ac lot Built 1995
    Property ID
    Property summary
    AI-generated overview

    This exceptional commercial property, located at 316 Highway 62/412 East in Salem, Arkansas, presents a unique opportunity for investors and entrepreneurs. The 0.23-acre lot offers significant potential for a variety of commercial ventures. Its strategic location on Highway 62/412 ensures high visibility and accessibility, making it ideal for businesses seeking strong foot traffic and convenient access for customers. The property's size is perfect for smaller-scale commercial developments, such as a retail outlet, office space, or a small-scale service business. The absence of existing structures allows for complete customization and design flexibility, enabling the development to perfectly match the needs of the future business. Salem's growing community provides a stable market for commercial enterprises, offering a promising return on investment. This property is priced competitively at $119,000, representing an excellent value for its location and potential. Serious inquiries are encouraged to explore the possibilities this prime commercial lot offers. The property is ready for immediate development, allowing for a swift transition from purchase to operation. Don't miss this chance to secure a valuable piece of Salem's commercial landscape.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 1995
    Lot 0.23 ac (10,019 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
    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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