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    FOR SALE
    Strip malls

    205 S Main St, Berryville, AR 72616

    16,200 SF 0.79 ac lot Built 1965
    Individually Owned 21-yr Hold Free & Clear
    Property ID
    US05-1261846
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Clark · 21 yrs held
    Clark
    since 2005
    2 recorded transactions
    2019
    2005
    $390,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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