5th Ave | Brentwood Dr Pine Bluff, AR 71601
- Retail properties
- 37,782 SF
Current Use by Public Records
- Retail properties
Property Details for 5th Ave | Brentwood Dr
- Property size
- 37,782 SF
- Property type
- Retail properties
Description
This exceptional commercial real estate portfolio in Pine Bluff, Arkansas, presents a compelling investment opportunity. Located at the intersection of 5th Avenue and Brentwood Drive, zip code 71601, this property encompasses four buildings totaling 37,782 square feet. The portfolio boasts a diverse tenant mix, including retail, office, and service spaces, currently operating at 80% occupancy under a net lease structure. Individual building sizes vary, offering flexibility and potential for future development. The largest building, the Belmont Shopping Center, comprises 13,804 square feet of retail space. Other buildings include a former office (1,020 sq ft), a former restaurant (3,250 sq ft), a beauty salon (1,716 sq ft), and a former daycare center (3,496 sq ft). Two additional buildings at 607 E. 5th Avenue (6,856 sq ft) and 619 E. 5th Avenue (4,000 sq ft) further enhance the portfolio's value. The property is currently priced at $795,000, translating to $21.04 per square foot. With a remaining lease term of 0.5 years, this presents a unique chance to acquire a well-established commercial property in a prime location. The current owner is retiring, making this a timely opportunity for a savvy investor to acquire a diverse and established income-producing asset. The property is situated in Jefferson County, Arkansas.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Pine Bluff
- County
- Jefferson
- State
- Arkansas
- Longitude
- -91.9804
- Latitude
- 34.2162
