201 Bay DrBay, AR 72411

Property Details for 201 Bay Dr

Lot size

0.50 AC

Property size (Sq ft)

1,248 SF

Property type

Healthcare properties

Property subtype

Medical offices

APN

10-135213-00710

APU

1013521300710

Description

This exceptional commercial property, located at 201 Bay in Bay, Arkansas, presents a unique investment opportunity. Situated on a desirable half-acre lot, this general commercial property offers significant potential for a wide range of business ventures. The property's address places it in a high-traffic area, ensuring excellent visibility and accessibility for customers. The generous 0.5-acre lot provides ample space for building expansion, outdoor operations, or ample parking. The asking price of $189,900 represents a compelling value for a property of this size and location in Bay, Arkansas. While the square footage is currently unavailable, the substantial lot size allows for considerable flexibility in development and design. This property is perfect for entrepreneurs seeking a strategic location to establish or expand their business. Its prime location and versatile nature make it an attractive option for a variety of commercial uses, from retail to office space, or even a mixed-use development. The opportunity to acquire a property of this caliber in a thriving Arkansas community is rare and should not be missed. Serious inquiries are encouraged to explore the full potential of this exceptional commercial offering. Further details regarding zoning and permitted uses are readily available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $285,266

  6.5%

  $263,323

  7%

  $244,514

• Comparable approach

  Method

  Valuation

  Relative Method

  $97,294

  Geo Method

  $97,294

• Alternative Use

  Use

  Valuation

  Residential

  $326,520

  Hospitality

  $299,091

  Educational

  $248,840

  Medical

  $257,398

  Retail

  $387,084

Location Insight

City

Bay

County

Craighead

State

Arkansas

Latitude

35.7383

Longitude

-90.5644

CBSA code

27860

CBSA name

JONESBORO, AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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