22214 Highway 51 Malvern, AR 72104
- Grocery and convenience stores
- 4,196 SF
- 0.90 lot acres
Current Use by Public Records
- Grocery and convenience stores
Property Details for 22214 Highway 51
- Year built
- 1953
- Lot size
- 0.90 lot acres
- Property size
- 4,196 SF
- Property type
- Grocery and convenience stores
- APN
- 023-00227-001
- APU
- 2300227001
Description
This exceptional commercial property, located at 22214 Highway 51 in Malvern, Arkansas, presents a unique investment opportunity. Boasting a substantial 4,196 square feet of space, this versatile property sits on a 0.9-acre lot, offering ample room for expansion or outdoor activities. The property's prime location on Highway 51 ensures high visibility and accessibility, making it ideal for a variety of commercial uses. The asking price is $355,000. The building's interior layout is adaptable to suit diverse business needs, providing flexibility for potential buyers. The property's substantial size and prominent location make it an attractive prospect for businesses seeking a strong presence in the Malvern market. Given its size and location, this property is well-suited for a range of commercial ventures, from retail to office space, or even a combination of uses. The 0.9-acre lot provides ample parking and potential for future development. This is a rare opportunity to acquire a significant commercial property in a thriving Arkansas community. Serious inquiries are encouraged to explore the potential of this exceptional offering. The property is ready for immediate occupancy, allowing for a swift transition for new business owners. Its strategic location on Highway 51 ensures excellent visibility and convenient access for customers and employees alike.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $310,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $275,000
- 6.5%
- $305,000
- 7%
- $285,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $260,000
- Geo Method
- $255,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $315,000
- Retail
- $310,000
- Mixed-Use
- $295,000
- Hospitality
- $300,000
- Educational
- $275,000
- Residential Income
- $245,000
- Energy
- $275,000
- Income-Based Land
- $285,000
- Food Service
- $300,000
Location Insight
- Map
- Local Demand
- City
- Malvern
- County
- Hot Spring
- State
- Arkansas
- Longitude
- -92.8378
- Latitude
- 34.4509
- CBSA code
- 31680
- CBSA name
- MALVERN, AR MICROPOLITAN STATISTICAL AREA