5111 Rogers AveFort Smith, AR 72903

Property Details for 5111 Rogers Ave

Lot size

53.06 AC

Property size (Sq ft)

650,209 SF

Property type

Retail properties

Property subtype

Super regional malls

APN

18883-0000-01004-00

APU

1888300000100400

Description

Central Mall, located at 5111 Rogers Ave in Fort Smith, Arkansas (zip code 72903), presents a significant retail opportunity within Sebastian County. This established shopping mall boasts a total of 863,000 square feet of retail space, offering a diverse range of tenancy options. Currently, there are 28 available spaces, ranging in size from a minimum of 180 square feet to a maximum of 35,780 square feet. The largest contiguous space available is 5,609 square feet. A total of 54,401 square feet is currently vacant, providing excellent potential for new businesses or expansion of existing ones. The mall features a food court, adding to its appeal and attracting a significant customer base. The property's prime location in Fort Smith, Arkansas, ensures high visibility and accessibility for tenants. This is an exceptional opportunity to secure retail space in a well-established and thriving shopping center. The property is categorized as a retail mall, offering multiple tenancy options, making it suitable for a variety of businesses. Interested parties should inquire about available space and lease terms. The property is easily accessible via its address on Rogers Avenue.

• CAP approach

  CAP return

  Valuation

  6%

  $83,319,472

  6.5%

  $76,910,288

  7%

  $71,416,696

• Comparable approach

  Method

  Valuation

  Relative Method

  $117,203,816

  Geo Method

  $117,203,816

• Alternative Use

  Use

  Valuation

  Residential

  $64,876,704

  Hospitality

  $59,426,712

  Educational

  $49,442,324

  Medical

  $51,142,724

  Retail

  $76,910,288

Location Insight

City

Fort Smith

County

Sebastian

State

Arkansas

Latitude

35.3669

Longitude

-94.3752

CBSA code

22900

CBSA name

FORT SMITH, AR-OK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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