223 Main St Mountain View, AR 72560-6465
- Retail space
- 4,224 SF
- 0.22 lot acres
Current Use by Public Records
- Retail space
Property Details for 223 Main St
- Year built
- 1955
- Lot size
- 0.22 lot acres
- Property size
- 4,224 SF
- Property type
- Retail space
- APN
- 720-00015-000C
- APU
- 72000015000C
Description
This exceptional retail investment opportunity presents a fully occupied, 4,224 square foot storefront located at 223 W Main St, Mountain View, AR 72560. The property, built in 1955 and renovated in 2020, boasts a 100% occupancy rate with two units, generating a substantial net operating income (NOI) of $66,360 and an attractive 11.64% cap rate. The asking price is $569,900, translating to $134.92 per square foot. The property sits on a 0.22-acre lot and is zoned for commercial use. Included is a one-bedroom, one-bathroom efficiency apartment, currently generating rental income and offering additional revenue streams. The property also includes a fully operational flea market setup with a waiting list of potential vendors. Conveniently located on the Courthouse Square, this property benefits from high foot traffic and proximity to shopping and the Pickin' Park. Private parking is available at the rear, supplemented by nearby public parking. This turnkey operation offers multiple income streams and significant potential for future growth. The current lease terms are expiring, providing the new owner with flexibility and control. This is a rare opportunity to acquire a profitable, established business with significant upside potential in a desirable location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $265,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $260,000
- 6.5%
- $240,000
- 7%
- $220,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $260,000
- Geo Method
- $260,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $290,000
- Retail
- $280,000
- Mixed-Use
- $275,000
- Hospitality
- $280,000
- Educational
- $280,000
- Residential Income
- $250,000
- Energy
- $215,000
- Income-Based Land
- $280,000
- Food Service
- $270,000
Location Insight
- Map
- Local Demand
- City
- Mountain View
- County
- Stone
- State
- Arkansas
- Longitude
- -92.1197
- Latitude
- 35.8688