204 Arkansas Blvd Texarkana, AR 71854
Property summary
This 1,980 square foot Class B office building, situated at 204 Arkansas Blvd in Texarkana, Arkansas, presents a compelling investment opportunity. Built in 1969 and renovated within the last 10 years, this single-story, single-unit property boasts 100% occupancy with a gross lease in place. The asking price is $400,000, translating to $202.02 per square foot. Located on a 0.32-acre lot, the property benefits from a prime location directly facing a Walmart Supercenter and surrounded by other major retailers including Albertson's, CVS, Walgreens, Healthcare Express, Starbucks, and Schlotzky's. The high visibility and traffic volume in this established commercial corridor (over 14,000 vehicles per day) make it ideal for a variety of uses, including executive or medical offices, and potentially retail. A fenced rear yard offers potential for parking expansion. The current owner is constructing a new strip center at Interstate 30 and is willing to offer a short-term leaseback to the buyer, or vacate the premises, depending on the buyer's needs. The property is zoned for office use. This is a rare opportunity to acquire a well-located, income-producing asset in the heart of Texarkana's thriving commercial district.
Property profile
VerifiedCap rate & NOI
Current use
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Alternative Medicine Practice
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Alternative Medicine Practice
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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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