2100 Meadowlake Rd Conway, AR 72032
- Strip malls
- 19,278 SF
- 1.84 lot acres
Current Use by Public Records
- The Ride / Bicycle Repair Shop / Bicycle Shop
- Canvas Salon / Beauty Salon
- Arkansas Pelvic Health of Conway / Physical Therapist
- Edward Jones - Financial Advisor: Samuel G Nagher III / Financial Consultant / Finance Broker
- lazy daze pools / General Contractor
Property Details for 2100 Meadowlake Rd
- Year built
- 1998
- Lot size
- 1.84 lot acres
- Property size
- 19,278 SF
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 710-08763-002
- APU
- 71008763002
Description
This 19,000 square foot, single-story Class B shopping center, built in 1998, is situated on a 1.84-acre lot in Faulkner County's Conway submarket. The property boasts 8 suites, with 9,000 square feet currently vacant, offering spaces ranging from 2,400 to 3,900 square feet. Ample parking is provided with 104 spaces. The center benefits from a C-2 zoning designation and enjoys excellent visibility at a signalized intersection in a densely populated area. Recent improvements include new parking lot resurfacing and landscaping. The location is highly desirable, with proximity to major roadways, including Interstate 40 (25,000 vehicles per day) less than a mile away. Furthermore, its strategic position near the University of Central Arkansas (1.9 miles), Hendrix College (1.4 miles), and Conway Regional Hospital (2.0 miles) ensures a consistent flow of potential customers. The property is surrounded by a vibrant mix of businesses, including Wal-Mart, Lowe's, Kum & Go, Dairy Queen, and more. Existing tenants include Edward Jones, The Ride, Hurley Chiropractic, Cosmo Beauty Supply, and L&M Donuts. Three spaces are immediately available, offering a unique opportunity for businesses seeking a prime location in a thriving commercial area. Some suites feature medical-grade finishes, including an x-ray room and exam rooms with sinks.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,000,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,090,000
- 6.5%
- $2,125,000
- 7%
- $1,985,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,620,000
- Geo Method
- $1,750,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,315,000
- Retail
- $2,250,000
- Mixed-Use
- $1,925,000
- Hospitality
- $2,340,000
- Educational
- $2,015,000
- Residential Income
- $2,035,000
- Energy
- $1,810,000
- Income-Based Land
- $2,115,000
- Food Service
- $1,690,000
Location Insight
- Map
- Local Demand
- City
- Conway
- County
- Faulkner
- State
- Arkansas
- Longitude
- -92.4545
- Latitude
- 35.1107
- CBSA code
- 30780
- CBSA name
- LITTLE ROCK-NORTH LITTLE ROCK, AR METROPOLITAN STATISTICAL AREA
