150 Oak StConway, AR 72032

Property Details for 150 Oak St

Lot size

9.61 AC

Property size (Sq ft)

121,821 SF

Property type

Retail properties

Property subtype

Community centers

APN

710-07832-000C

APU

71007832000C

Description

Faulkner Plaza, located at 150 E Oak St, Conway, AR 72032, presents a significant opportunity for retailers seeking a prominent presence in a thriving Arkansas market. This exceptional big box retail property offers a total of 121,821 square feet, with a substantial 32,550 square feet currently available for lease. The vacant space is ideally suited for a large-format tenant seeking high visibility and ample space to showcase their merchandise. The property's multiple tenancy structure allows for flexibility and potential synergy with existing businesses. The expansive 32,550 square feet of contiguous space represents a rare find in Conway, providing an unparalleled opportunity for a significant retail operation. The property's location at 150 E Oak St ensures excellent accessibility and high traffic volume, maximizing exposure to potential customers. This is a turnkey solution for businesses looking to establish or expand their retail footprint in a dynamic and growing community. The property's size and location make it an ideal candidate for a variety of retail uses, offering a unique opportunity to capitalize on the strong retail market in Conway, Arkansas. Interested parties are encouraged to inquire for further details and leasing information. The property is situated at latitude 35.092907 and longitude -92.4271991.

• CAP approach

  CAP return

  Valuation

  6%

  $28,464,188

  6.5%

  $26,274,636

  7%

  $24,397,876

• Comparable approach

  Method

  Valuation

  Relative Method

  $21,958,918

  Geo Method

  $21,958,918

• Alternative Use

  Use

  Valuation

  Residential

  $22,163,638

  Hospitality

  $20,301,774

  Educational

  $16,890,838

  Medical

  $17,471,738

  Retail

  $26,274,636

Location Insight

City

Conway

County

Faulkner

State

Arkansas

Latitude

35.0935

Longitude

-92.4269

CBSA code

30780

CBSA name

LITTLE ROCK-NORTH LITTLE ROCK, AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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