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    OFF-MARKET
    Commercial real estate

    694 Hwy 62/412, Salem, AR 72576

    9.59 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional commercial property presents a compelling investment opportunity in Salem, AR. Located at 694 Hwy 62/412 East, this prime shopping center boasts over 24,000 square feet of leasable space, divided into seven individual units, generating a diverse rental income stream. The property sits on approximately 9.59 acres of land, providing ample space for future expansion and development, catering to the increasing demand for commercial space in the area. A substantial parking lot ensures convenient access for tenants and customers alike. Benefitting from excellent highway frontage, this shopping center enjoys high visibility and significant traffic exposure, making it an ideal location for businesses seeking to maximize customer reach and sales. The property's strategic location and substantial size make it a rare find in the market, offering significant potential for future growth and increased returns. This is a chance to acquire a well-established, high-performing commercial property with considerable upside. The property is priced at $995,000.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 9.59 ac (417,740 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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