207 Broad St, Texarkana, AR 71854-5903
This exceptional 3,000 square foot development opportunity is located at 207 E Broad Street in the heart of historic downtown Texarkana, Arkansas, zip code 71854. The property, formerly known as The Klein Building, has been razed, leaving the original facade and main structure intact. This presents a unique chance to revitalize a piece of Texarkana's history while capitalizing on its prime location. The lot size is 3,000 square feet, offering ample space for a variety of development projects. Its central location provides excellent proximity to numerous restaurants, retail establishments, and courthouses, ensuring high visibility and accessibility. The property boasts a preserved historic facade, adding significant character and potential for a distinctive development. The vacant status allows for immediate commencement of construction or renovation, making this an attractive investment for developers seeking a high-impact project in a thriving downtown area. Street and sidewalk access are readily available. The asking price for this unique property is $40,000. This represents a significant opportunity to acquire a piece of Texarkana's history and contribute to its continued revitalization.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.