Property profile

2301 S 56Th St Fort Smith, AR 72903

FOR LEASE
Strip malls
Property ID
US05-1437622
24,812 SF 2.05 ac lot
Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional investment opportunity presents two single-story commercial buildings totaling 7,236 square feet, situated at 2301 & 2414 S 56th Street in Fort Smith, Arkansas. The property, zoned C-5, comprises three suites across two buildings, offering flexibility for various uses. Currently, 3,000 square feet are vacant, presenting immediate potential for lease income. Built in 1995, the buildings boast a Class C rating and feature a desirable 10-foot ceiling height. The location is highly advantageous, situated in an established retail corridor just off Rogers Avenue, near popular businesses such as Calico County and Middle Earth Pet Shop. The property's address is 2301 & 2414 S 56th Street, Fort Smith, AR 72903, with cross streets of S 56th & 56th Street. The property includes two buildings, each one story, and is situated in Sebastian County (APN: 11669-0013-00002-00). The property type is classified as Retail, Office, and Special Purpose, with subtypes including Creative Office, Executive Office, and Medical Office, making it suitable for a diverse range of tenants. This multi-tenant property offers a strong foundation for immediate income generation and long-term growth. The convenient location and versatile space make this an attractive investment for savvy buyers seeking a foothold in a thriving Fort Smith market.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Total area 24,812 SF
Lot 2.05 ac (89,298 SF)
APN 11669-0013-00002-00
UPID US05-1437622

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Tanning Salon
  • Nail Salon
  • Alternative Medicine Practice Spa & Massage Center
  • Tattoo & Piercing Shop
  • (Bike/Boat/Book/etc) Store Pet Store & Service

Location

2301 S 56Th St Fort Smith, AR 72903
Fort Smith metro Census 600 FORT SMITH, AR-OK METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$500k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$500k

Owner & transaction history

since 2023
1 recorded transaction
2023
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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