Magnolia, AR 71753
- Lifestyle centers
- 83,603 SF
- 4.69 lot acres
Current Use by Public Records
- Lifestyle centers
Property Details
- Lot size
- 4.69 lot acres
- Property size
- 83,603 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
University Shopping Center, a single-story retail property in Magnolia, Arkansas, presents a compelling investment opportunity. Located at the intersection of N. Frederick and E. Main Street, this 83,603 square foot center boasts a prominent location and high visibility. Currently, there are eight available retail spaces ranging in size from 2,320 to 37,512 square feet, offering flexibility for a variety of businesses. The property sits on a substantial 4.69 acres of land, providing ample parking and potential for future expansion. The existing tenant mix includes established national brands such as Mac's Fresh Market, Stage, It's Fashion Metro, McDonald's, and Burger King, demonstrating strong market demand and a proven track record. The building's total square footage is 83,603 square feet, with 71,864 square feet currently vacant, presenting a significant opportunity for lease income generation. The property is conveniently located in Columbia County and easily accessible via E. North Street. This prime retail location offers exceptional potential for growth and profitability, making it an ideal investment for savvy entrepreneurs and experienced investors seeking a strong foothold in a thriving market. The property's size and location make it suitable for a variety of retail concepts, from smaller boutiques to larger anchor tenants. The existing tenant base provides a strong foundation for future success.
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
- Magnolia
- County
- Columbia
- State
- Arkansas
- Longitude
- -93.2243
- Latitude
- 33.2697
