Property profile

316 Hwy 62/412 Salem, AR 72576

OFF-MARKET
Commercial real estate
0.23 ac lot Built 1995
Saved · see the list in your Dashboard

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

Location

316 Hwy 62/412 Salem, AR 72576
Salem metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 316 Hwy 62/412?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message