923 Hickory StTexarkana, AR 71854

Property Details for 923 Hickory St

Year built

1965

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.45 AC

Property size (Sq ft)

6,260 SF

Property type

Office properties

Property subtype

Office buildings

APN

2810160

APU

2810160

Description

This exceptional 6,260 square foot Class B medical office building, located at 923 Hickory Street in Texarkana, Arkansas, presents a fantastic opportunity. Currently, 1,645 square feet of readily available space is perfect for expansion or a new practice. The building features multiple tenancies, providing flexibility and potential for shared services. Situated on a 0.406-acre lot, the property offers ample parking and convenient access. The building's classification as a Class B property reflects its well-maintained condition and functional design. The available space is ideal for a variety of medical practices, offering a comfortable and efficient environment for patients and staff. The address is 923 Hickory St, Texarkana, AR 71854. Note that measurements shown in any provided layouts are strictly for the interior space of the building. This property is zoned for medical use and offers a strong potential for return on investment. The building's location in Texarkana, AR provides excellent visibility and accessibility for patients. Serious inquiries are encouraged to explore this promising investment opportunity. The total building size is 6,260 square feet.

• CAP approach

  CAP return

  Valuation

  6%

  $1,378,618

  6.5%

  $1,272,571

  7%

  $1,181,673

• Comparable approach

  Method

  Valuation

  Relative Method

  $915,597

  Geo Method

  $447,778

• Alternative Use

  Use

  Valuation

  Residential

  $1,577,988

  Hospitality

  $1,445,428

  Educational

  $1,202,579

  Medical

  $1,243,938

  Retail

  $1,870,679

Location Insight

City

Texarkana

County

Miller

State

Arkansas

Latitude

33.4316

Longitude

-94.0366

CBSA code

45500

CBSA name

TEXARKANA, TX-TEXARKANA, AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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