3200 State Line AveTexarkana, AR 75503

Property Details for 3200 State Line Ave

Year built

1980

Construction

FRAME

Lot size

0.48 AC

Property size (Sq ft)

4,328 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

4310010

APU

4310010

Description

Exceptional investment opportunity: A thriving Texarkana restaurant, Reggie's Burgers, Dogs & Fries, is available for sale at $700,000. This 4,328 square foot, single-story building sits on a 0.48-acre lot at 3200 N State Line Ave, Texarkana, AR 75503. Built in 1980, the property boasts 100% occupancy and is currently operating as a successful restaurant, with all equipment included in the asking price. Alternatively, the building is available for $600,000 without equipment. The restaurant enjoys a prime location on State Line Avenue, benefiting from high foot traffic. It's an outparcel of a strip center anchored by Dollar General, Premier High School, Fun Wash Laundry Center, and Home Furniture World. The property's strategic location on the Arkansas side of State Line Avenue, with Texas just across the street, provides excellent access to a large customer base. A lease option is also available at $1.00 per square foot. This presents a rare chance to acquire a well-established business or a highly visible retail space in a bustling commercial area. Interested parties should schedule an appointment prior to visiting the property. Virtual tours are available online.

• CAP approach

  CAP return

  Valuation

  6%

  $1,401,117

  6.5%

  $1,293,338

  7%

  $1,200,957

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,595,210

  Geo Method

  $780,146

• Alternative Use

  Use

  Valuation

  Residential

  $1,090,980

  Hospitality

  $999,331

  Educational

  $831,432

  Medical

  $860,026

  Retail

  $1,293,338

Location Insight

City

Texarkana

County

Miller

State

Arkansas

Latitude

33.4531

Longitude

-94.0426

CBSA code

45500

CBSA name

TEXARKANA, TX-TEXARKANA, AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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