Property profile

2000 E Race Ave Searcy, AR 72143

FOR SALE
Auto shops
Property ID
US05-1764144
24,768 SF 3.8 ac lot Built 1965
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional commercial property, located at 2000 E Race Ave in Searcy, Arkansas, presents a unique investment opportunity. The property consists of two single-story buildings totaling 24,768 square feet situated on a generous 3.8-acre lot. Currently vacant, the space is ideally suited for a variety of retail uses, particularly automotive showrooms or dealerships, given its existing infrastructure. Built in 1965 and renovated in 1996, the property features a spacious showroom area, ample office space, and a substantial warehouse component equipped with 12 convenient roll-up doors. The property enjoys a highly visible location on a major arterial road, experiencing approximately 19,000 vehicles per day, ensuring significant exposure to potential customers. Its strategic position within Searcy places it amongst established local and national retailers and medical facilities, offering excellent accessibility and high traffic volume. Furthermore, its proximity to Highway 67 and Harding University enhances its appeal and accessibility. The property is zoned C-4 and is available for purchase at $5,300,000 or for lease at a rate of $16.95 per square foot, triple net (NNN). This presents a compelling opportunity to capitalize on the growth and development within this thriving market, characterized by recent expansions of national retailers. The property's size, location, and versatility make it an attractive proposition for discerning investors and businesses seeking a prominent presence in Searcy, Arkansas. The zip code is 72143, and the property is located in White County.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1965
Total area 24,768 SF
Lot 3.8 ac (165,528 SF)
APN 016-10489-000
UPID US05-1764144

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2000 E Race Ave Searcy, AR 72143
Searcy metro Census 70700 SEARCY, AR MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$480k

Owner & transaction history

Zoning & alternative use

Top alternative use upside
Restaurant $2.2M +8.0%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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