1409 Malcolm AveNewport, AR 72112

Property Details for 1409 Malcolm Ave

Year built

1980

Lot size

0.81 AC

Property size (Sq ft)

5,892 SF

Property type

Retail properties

Property subtype

Strip malls

APN

013-03074-000

APU

1303074000

Description

This exceptional retail opportunity is located at 1409 Malcolm Avenue, Suite B, in Newport, Arkansas, 72112. The property boasts a prime location on a busy thoroughfare, experiencing high traffic counts exceeding 14,000 vehicles daily, ensuring maximum visibility for your business. The single-story, 7,200 square foot building, constructed in 1982 and renovated in 2002, is classified as Class B and sits on a one-acre lot (15,000 square feet). Currently, 4,200 square feet of space is available, divisible into units ranging from 1,200 to 3,000 contiguous square feet. The property features ample parking with dual access points, enhancing customer convenience. Benefit from prominent marquee signage opportunities to increase brand awareness. The property is well-managed with a triple net (NNN) lease rate of $1.50 per square foot. Flexible lease terms are available, along with build-to-suit (BTS) and tenant improvement (TI) allowances to customize the space to your specific needs. Join established inline tenants, including Cricket Wireless and Tobacco USA. Property taxes are $0.35 per square foot. No elevators are present.

• CAP approach

  CAP return

  Valuation

  6%

  $1,979,775

  6.5%

  $1,827,485

  7%

  $1,696,950

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,157,538

  Geo Method

  $1,157,538

• Alternative Use

  Use

  Valuation

  Residential

  $1,541,552

  Hospitality

  $1,412,053

  Educational

  $1,174,812

  Medical

  $1,215,215

  Retail

  $1,827,485

Location Insight

City

Newport

County

Jackson

State

Arkansas

Latitude

35.6063

Longitude

-91.2625

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at support@realmo.com and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at support@realmo.com.