1500 Dewitt Henry DrBeebe, AR 72012

Property Details for 1500 Dewitt Henry Dr

Year built

1982

Lot size

0.69 AC

Property size (Sq ft)

5,888 SF

Property type

Retail properties

Property subtype

Banks

APN

004-03347-000

APU

403347000

Description

This exceptional Beebe, Arkansas commercial property, located at 1500 W Dewitt Henry Dr, 72012, offers a unique blend of retail and office space. The 11,776 square foot, two-story Class B building, constructed in 1982, sits on a 0.69-acre lot and features one building with an elevator. Currently, there is 5,940 square feet of vacant space available, divisible into units as small as 975 square feet and up to a contiguous 4,965 square feet. The property's versatile layout caters to various business needs. The ground floor boasts a former bank space complete with a two-car drive-thru window and ATM location, ideal for financial institutions or businesses requiring high visibility and convenient customer access. The second floor provides professional office space, perfect for co-working environments or individual offices, easily accessible via the building's elevator. The building's convenient location across from the ASU-Beebe campus adds significant appeal. This property presents a compelling investment opportunity for businesses seeking a prominent presence in a thriving community. The property's APN is 24330153. Multiple tenants are possible.

• CAP approach

  CAP return

  Valuation

  6%

  $1,278,811

  6.5%

  $1,180,440

  7%

  $1,096,123

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,156,752

  Geo Method

  $1,156,752

• Alternative Use

  Use

  Valuation

  Residential

  $995,746

  Hospitality

  $912,098

  Educational

  $758,855

  Medical

  $784,953

  Retail

  $1,180,440

Location Insight

City

Beebe

County

White

State

Arkansas

Latitude

35.0745

Longitude

-91.9011

CBSA code

42620

CBSA name

SEARCY, AR MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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