694 Hwy 62/412 Salem, AR 72576
- Commercial real estate
- 9.59 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 694 Hwy 62/412
- Lot size
- 9.59 lot acres
- Property type
- Commercial real estate
Description
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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Salem
- County
- Fulton
- State
- Arkansas
- Longitude
- -91.8337
- Latitude
- 36.3597
