Property summary
This exceptional retail property, located at 12 W Main Street in historic downtown Booneville, Arkansas, presents a unique investment opportunity. Situated at the intersection of Highways 10 & 23, this corner lot boasts an impressive average daily traffic count exceeding 8,000 vehicles, as reported by the Arkansas Department of Transportation. The building features separate entrances on the north and east sides, allowing for flexible use and potential division into two distinct spaces to accommodate multiple tenants or business ventures. A significant upgrade was completed in the summer of 2020 with the installation of a new 26-gauge R-Panel roof, backed by a transferable five-year warranty covering both workmanship and materials. This prime location places the property within walking distance of a variety of restaurants, retail shops, and artisan stores. Its proximity to Broadway Memorial Park, a vibrant outdoor venue hosting farmers' markets, concerts, and community events, further enhances its appeal. Booneville itself is a thriving community of over 4,000 residents, supported by a diverse range of employers and amenities, including K-12 public schools, a Boys & Girls Club, a municipal airport, an 18-hole golf course, Rockline Industries, a USDA Research Center, Mercy Hospital and Emergency Room, a Walmart Supercenter, Tractor Supply Co., Dollar Tree, and numerous chain and local restaurants such as Yorokobi, Black Dog, and Reid's Barbecue. This property offers an unparalleled chance to establish or expand a business in a dynamic and supportive community environment. The 0.17-acre lot provides ample space for various business needs. Don't miss this chance to be part of Booneville's growth.
Property profile
VerifiedCap rate & NOI
Current use
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Department Store Grocery & Convenience Store
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Alternative Medicine Practice
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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