1507 Race Ave Searcy, AR 72143

Property Details for 1507 Race Ave

Year built

1998

Lot size

0.60 lot acres

Property size

10,000 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

016-03041-000

APU

1603041000

Description

This exceptional 10,000 square foot multi-tenant office building presents a compelling value-add investment opportunity in Searcy, Arkansas. Currently 66% occupied, the property features 3,450 square feet of immediately available space, complemented by existing leases with established tenants, including State Farm and Restore Hope. The building boasts 14 private offices, a spacious reception and waiting area, ample storage including a dedicated server/file room, and convenient on-site parking. Its prime location on East Race Avenue offers excellent visibility and accessibility, situated near Harding University, downtown Searcy, and numerous restaurants and businesses. The flexible layout allows for customization to suit various business needs, making it ideal for both established companies seeking expansion and new ventures seeking a well-appointed space. This triple-net (NNN) leased property offers a strong potential for increased occupancy and rental income, representing a significant opportunity for investors seeking a stable and growing asset in a thriving Arkansas community. The property's versatile design, coupled with its strategic location, makes it an attractive option for a wide range of businesses, from medical practices to traditional offices and counseling services. This is a rare chance to acquire a well-maintained, high-traffic office building in a desirable area of Searcy.

Location Insight

City

Searcy

County

White

State

Arkansas

Longitude

-91.7207

Latitude

35.2503

CBSA code

42620

CBSA name

SEARCY, AR MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments