3302 Washington StForrest City, AR 72335

Property Details for 3302 Washington St

Year built

1999

Lot size

1.16 AC

Property size (Sq ft)

2,577 SF

Property type

Retail properties

Property subtype

Drive through restaurants

APN

0800-00097-0003

APU

800000970003

Description

This exceptional 2,582 square foot freestanding commercial property, located in St. Francis County, presents a unique opportunity for a variety of retail or restaurant businesses. Previously occupied by a Wendy's restaurant (Store #220), the building is currently vacant and ready for immediate occupancy. The single-tenant structure offers ample space for customization and adaptation to suit a new tenant's specific needs. Its prominent location as a freestanding outparcel ensures high visibility and accessibility, making it an ideal spot for attracting customers. The property's existing infrastructure provides a solid foundation for a quick and efficient build-out, minimizing upfront costs and maximizing return on investment. This turnkey solution eliminates the need for extensive renovations, allowing businesses to focus on operations and growth. The property's size and layout are well-suited for a variety of concepts, from quick-service restaurants to retail stores. With its strategic location and readily available space, this property represents a compelling investment opportunity in a thriving market. Serious inquiries are encouraged to explore the potential of this exceptional commercial space. The property is offered as-is.

• CAP approach

  CAP return

  Valuation

  6%

  $545,818

  6.5%

  $503,832

  7%

  $467,844

• Comparable approach

  Method

  Valuation

  Relative Method

  $506,275

  Geo Method

  $506,275

• Alternative Use

  Use

  Valuation

  Residential

  $425,001

  Hospitality

  $389,299

  Educational

  $323,892

  Medical

  $335,031

  Retail

  $503,832

Location Insight

City

Forrest City

County

St. Francis

State

Arkansas

Latitude

35.0428

Longitude

-90.7903

CBSA code

22620

CBSA name

FORREST CITY, AR MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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