705 Ray St Texarkana, AR 71854
- Warehouses
- 9,382 SF
- 1.45 lot acres
Current Use by Public Records
- Warehouses
Property Details for 705 Ray St
- Year built
- 1960
- Lot size
- 1.45 lot acres
- Property size
- 9,382 SF
- Property type
- Warehouses
- Property subtype
- Retirement homes
Description
This exceptional investment opportunity presents a 9,382-square-foot industrial property situated on a 1.45-acre lot in Texarkana, Arkansas. The property, located at 705 Ray St, features two single-story buildings totaling 37 units, with a mix of larger and smaller spaces. Built in 1960, the Class C building offers ample potential for diverse uses, including storage, warehousing, light manufacturing, or even a garden center. The property's zoning is commercial, allowing for flexibility in development. With 50 parking spaces and mature landscaping, this property offers significant upside. The asking price is $71,000, translating to $7.57 per square foot. The vacant property is ready for immediate occupancy and presents a unique chance to capitalize on its prime location near other commercial establishments. The substantial lot size provides room for expansion, additional parking, or the construction of further commercial or residential structures. This property is an excellent choice for investors seeking a versatile and well-located asset with significant development potential. The property's solid structure and desirable location make it an attractive investment opportunity in a growing area.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Texarkana
- County
- Miller
- State
- Arkansas
- Longitude
- -94.0169
- Latitude
- 33.429
