398 Eastline Rd Searcy, AR 72143
This exceptional 9.32-acre commercial property in Searcy, Arkansas, presents a unique investment opportunity. The property boasts five buildings totaling approximately 25,000-26,000 square feet, constructed in 2007. The main structure is a 7,150 square foot church building, complete with a sanctuary, nursery, youth facilities, and classrooms. A substantial 9,690 square foot fellowship hall features a commercial-grade kitchen and ample open space. Further enhancing the property's versatility is a 4,697 square foot heated food bank building. Residential components include a 3-bedroom, 2-bathroom single-family home and an 11-bedroom multi-family building, all well-maintained. The property's prime location near major retailers like Walmart and Lowe's, in the thriving city of Searcy within White County, ensures high visibility and accessibility. The seller is open to dividing the property. This multi-use campus is ideally suited for a variety of commercial and residential purposes, offering significant potential for diverse income streams and future development. The two-story buildings are situated on a spacious lot, providing ample room for expansion or additional construction. This is a rare opportunity to acquire a substantial, well-maintained property in a rapidly growing area. The property's diverse components and strategic location make it an attractive investment for both experienced and emerging investors. The asking price is $2,690,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
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