1311 Fort StBarling, AR 72923

Property Details for 1311 Fort St

Lot size

1.85 AC

Property size (Sq ft)

20,593 SF

Property type

Retail properties

Property subtype

Strip malls

APN

63020-0203-00000-00

APU

6302002030000000

Description

This exceptional commercial investment opportunity in Barling, Arkansas, presents 18 rentable storefronts situated on a substantial 1.85-acre lot. The property enjoys a high-visibility location along the main street, ensuring maximum exposure for tenants. Ample parking is provided with 105 spaces, catering to the needs of businesses and their customers. Each of the 18 units is delivered in a "white box" condition, offering flexibility for diverse tenant uses. Standard features within each unit include a kitchen and bathroom, providing immediate functionality. Currently generating income from existing tenants, this property offers a strong foundation for investors seeking reliable cash flow. The property's strategic location within a high-traffic area is poised for even greater growth once nearby highway construction is completed, further enhancing its long-term value and potential. This turnkey property represents a rare opportunity to acquire a multi-use commercial center in a thriving Arkansas community. The property's size, location, and current occupancy make it an attractive investment for both seasoned investors and those seeking a stable, income-producing asset. The 105 parking spaces are a significant advantage, ensuring ample parking for tenants and their customers. The "white box" condition of the units allows for customization to suit a variety of business needs.

• CAP approach

  CAP return

  Valuation

  6%

  $2,638,841

  6.5%

  $2,435,853

  7%

  $2,261,864

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,712,004

  Geo Method

  $3,712,004

• Alternative Use

  Use

  Valuation

  Residential

  $2,054,733

  Hospitality

  $1,882,124

  Educational

  $1,565,906

  Medical

  $1,619,759

  Retail

  $2,435,853

Location Insight

City

Barling

County

Sebastian

State

Arkansas

Latitude

35.3331

Longitude

-94.3114

CBSA code

22900

CBSA name

FORT SMITH, AR-OK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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