120 Highway 62Mountain Home, AR 72653

Property Details for 120 Highway 62

Lot size

0.44 AC

Property size (Sq ft)

2,810 SF

Property type

Office properties

Property subtype

Office buildings

APN

007-00581-000

APU

700581000

Description

This exceptional commercial property, located at 120 & 120B Hwy 62 East in Mountain Home, Arkansas, presents a unique investment opportunity. Boasting 2,800 square feet on a 0.44-acre lot, this property enjoys a prime location with high visibility and easy access from Hwy 62 East and N. Church St. The ARDOT reports a daily traffic count of 19,000 vehicles, ensuring significant exposure for your business. The building currently features two separate units, each with its own HVAC system, meter box, front entrance, and rear exit. Unit #120 includes a large reception area, three offices, file storage, a half-bath, and additional storage/breakroom space. Unit #120B offers a spacious reception area, three offices, a large area suitable for a conference room or additional office space, a half-bath, and a small storage room. The units can be easily converted back into a single, larger space. An unimproved lot with frontage on N. Church St. provides potential for additional parking or building expansion. The property is zoned C2 and is offered at $449,000. Detailed dimensions are available in associated documents. This property's high visibility, convenient location, and flexible layout make it ideal for a variety of commercial uses.

• CAP approach

  CAP return

  Valuation

  6%

  $664,818

  6.5%

  $613,678

  7%

  $569,844

• Comparable approach

  Method

  Valuation

  Relative Method

  $219,068

  Geo Method

  $219,068

• Alternative Use

  Use

  Valuation

  Residential

  $760,961

  Hospitality

  $697,036

  Educational

  $579,926

  Medical

  $599,870

  Retail

  $902,107

Location Insight

City

Mountain Home

County

Baxter

State

Arkansas

Latitude

36.3408

Longitude

-92.3839

CBSA code

34260

CBSA name

MOUNTAIN HOME, AR MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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