Property profile

205 S Main St Berryville, AR 72616

FOR SALE
Strip malls
Property ID
US05-1261846
16,200 SF 0.79 ac lot Built 1965
Individually Owned 21-yr Hold Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional Berryville investment opportunity presents a substantial 16,200 square foot retail complex situated on a 1.24-acre lot at 205, 207, and 209 South Main Street. The property boasts a well-established, 150-seat movie theater with a long history of providing entertainment to the community, dating back to its origins in the late 1940s. In addition to the cinema, the building includes a fully operational restaurant and numerous rental spaces suitable for offices and retail businesses. Many of these spaces are occupied by long-term tenants, ensuring a stable income stream. Family-owned and operated since 1974, this property offers a unique blend of historical significance and proven profitability. The extensive property also includes a large parking lot, a portion of which is currently leased, adding to its revenue potential. A current termite policy is in place, extending through December 2024, providing peace of mind to the prospective buyer. The asking price is $824,995. Showings are scheduled between 8:00 AM and 11:00 AM to accommodate the current operations. This is a rare chance to acquire a piece of Berryville history with significant income-generating potential.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1965
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 16,200 SF
Lot 0.79 ac (34,412 SF)
APN 875-01262-000
UPID US05-1261846

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Clothing & Fashion Store

Location

205 S Main St Berryville, AR 72616
Berryville metro Census 950301
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$385k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$385k

Owner & transaction history

since 2005
2 recorded transactions
2019
Price N/A
2005
$390,000

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message