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    OFF-MARKET Estimated value $1,975,000
    Outlet malls

    1820 Phoenix Ave, Fort Smith, AR 72901-7949

    17,784 SF 6.94 ac lot Built 1971
    Entity Owned 2-yr Hold Absentee Owner Free & Clear
    Property ID
    US05-1033983
    Property summary
    AI-generated overview

    This exceptional 1-acre retail property, located at 1820 Phoenix Ave in Fort Smith, Arkansas, presents a unique investment opportunity. Situated on a 1.66-acre lot in Sebastian County, this single-tenant building offers 1 square foot of retail space, currently vacant and ready for immediate occupancy. The property's prime location in the vibrant city of Fort Smith provides excellent visibility and accessibility for businesses seeking a strong foothold in the market. The address, 1820 Phoenix Ave, ensures easy identification and convenient access for customers and employees. The zip code is 72901. The property is classified as both retail and land, making it suitable for a variety of commercial uses. Given its size and location, this property is ideal for a small business seeking a high-traffic location with ample space for operations. The property's single-tenant status offers simplicity and control for the lessee. The vacant space presents a blank canvas for customization, allowing businesses to design their ideal retail environment. This is a rare opportunity to acquire a strategically located retail property in a thriving Arkansas market. The property's location offers easy access to major transportation routes, ensuring convenient commutes for employees and customers alike. The 1.66-acre lot provides ample space for potential expansion or future development. This property is for lease and represents a compelling opportunity for businesses seeking a prominent presence in Fort Smith. The property's location within Sebastian County provides access to a strong local economy and a diverse customer base.

    Property profile
    Verified
    Property type Outlet malls
    Use group WHOLESALE OUTLET, DISCOUNT STORE
    Year built 1971
    Total area 17,784 SF
    Lot 6.94 ac (302,306 SF)
    APN 10350-0001-00000-00
    UPID US05-1033983
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Hardee's Restaurant Take-out & Catering
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $2.15M
    Comparable Approach Comparable
    $1.80M
    Blend (final) Blend
    $1.98M
    Owner & transaction history
    Jeny Lind Hardware LLC · 2 yrs held
    Jeny Lind Hardware LLC
    since 2024
    2 recorded transactions
    2024
    2009
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Auto repair, garage $1.7M +36.3%
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