Current Use by Public Records
- Retail properties & Spaces
Property Details for 737 Ar-463
- Year built
- 1985
- Property type
- Retail properties & Spaces
- Property subtype
- Grocery and convenience stores
Description
This 1,561 square foot vacant convenience store and gas station, located at 737 AR-463 in Trumann, Arkansas, presents a compelling redevelopment opportunity. The property sits on a substantial 40,075 square foot lot, offering ample space for expansion or repurposing. Built in 1985, the single-story building is currently vacant, providing a blank canvas for a new business venture. The property boasts 75 feet of frontage on Highway 463 South, ensuring high visibility and accessibility. Its strategic location offers convenient access to a major manufacturing plant employing 300 people, a nearby sports complex, and surrounding residential areas. The property is situated approximately 45 minutes from Memphis, Tennessee, and 30 minutes from Jonesboro, Arkansas, providing access to a larger regional market. While the gas pumps are currently absent, the property previously featured two double-sided pumps and fiberglass tanks, replaced in 2012. This Class D property is offered at $445,000 and presents a unique chance to capitalize on a prime location in a growing community. The property is 100% owner-occupied and is listed as a vacant, single-unit retail space. The current NOI is $0, reflecting the vacant status. This is an owner/user investment opportunity ideal for redevelopment.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Trumann
- County
- Poinsett
- State
- Arkansas
- Longitude
- -90.5273
- Latitude
- 35.6826
