205 College St Mountain Home, AR 72653
- Retail space
- 2,700 SF
- 0.48 lot acres
Current Use by Public Records
- Mountain Home Clock & More / Clock Repair Service
- Quaint Cottage Antiques / Antique Store
- Corner Joint Gallery & Picture Framing / Art Gallery / Picture Frame Shop
Property Details for 205 College St
- Lot size
- 0.48 lot acres
- Property size
- 2,700 SF
- Property type
- Retail space
- APN
- 007-14175-001
- APU
- 714175001
Description
This exceptional commercial property, located at 205 & 209 N College Street in Mountain Home, Arkansas, presents a unique investment opportunity. Boasting a prime location across from Walgreens, at one of the city's busiest intersections, this property offers unparalleled visibility and accessibility. The two buildings, totaling approximately 4,740 square feet on one level, are situated on a sizable lot with ample front and rear parking. The property features three units, with two currently rented, providing immediate income potential. Recent major upgrades include new heating and cooling systems, insulation, storefront and garage doors, fresh paint, and new 26-gauge standing seam metal roofs. The interior spaces are flexible and adaptable, with the main building including a half and three-quarter bath, and a kitchenette area. Rental units each have half baths. The property is fully fenced, offering secure access to rear bay doors. C2 zoning allows for a variety of commercial uses. With its high traffic location, major upgrades, and room for expansion, this property is an ideal investment for discerning buyers seeking a high-return commercial asset in a thriving Arkansas market. The property is situated in Baxter County, Arkansas, zip code 72653. The buildings are all on one level and are approximately 4740 square feet.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $325,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $310,000
- 6.5%
- $285,000
- 7%
- $305,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $300,000
- Geo Method
- $350,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $365,000
- Retail
- $310,000
- Mixed-Use
- $270,000
- Hospitality
- $345,000
- Educational
- $285,000
- Residential Income
- $305,000
- Energy
- $345,000
- Income-Based Land
- $310,000
- Food Service
- $340,000
Location Insight
- Map
- Local Demand
- City
- Mountain Home
- County
- Baxter
- State
- Arkansas
- Longitude
- -92.3804
- Latitude
- 36.3422
- CBSA code
- 34260
- CBSA name
- MOUNTAIN HOME, AR MICROPOLITAN STATISTICAL AREA