2500 Harding Ave Pine Bluff, AR 71601-6846
- Automotive properties
- 14,192 SF
- 1.84 lot acres
Current Use by Public Records
- Elrod Autogroup / Used Car Dealer
Property Details for 2500 Harding Ave
- Lot size
- 1.84 lot acres
- Property size
- 14,192 SF
- Property type
- Automotive properties
- APN
- 931-51065-000
- APU
- 93151065000
Description
This exceptional investment opportunity presents a vacant 24,045 square foot shopping center situated on a prominent 2.96-acre corner lot in Pine Bluff, Arkansas. The property boasts high visibility and ample parking with 75 spaces, making it an ideal location for a variety of retail uses. Currently vacant, this property offers significant redevelopment potential. The existing structure comprises two one-story buildings, each offering unique possibilities. The asking price is $399,900, translating to $16.63 per square foot. The property is zoned for retail use and benefits from its strategic location across from the recently acquired Pine Hills Mall, ensuring high traffic flow and excellent exposure. The seller will consider selling the buildings separately, providing flexibility for potential buyers. This is a rare chance to acquire a substantial retail property in a growing area with significant upside potential. The property's size, location, and parking make it an attractive proposition for investors and owner-users alike. The gross lease type simplifies management, and the vacant status allows for complete customization to suit any business plan. This is a truly unique opportunity to establish a thriving retail presence in a dynamic market.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $325,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $225,000
- 6.5%
- $250,000
- 7%
- $255,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $260,000
- Geo Method
- $215,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $245,000
- Retail
- $260,000
- Mixed-Use
- $245,000
- Hospitality
- $240,000
- Educational
- $230,000
- Residential Income
- $235,000
- Energy
- $220,000
- Income-Based Land
- $250,000
- Food Service
- $235,000
Location Insight
- Map
- Local Demand
- City
- Pine Bluff
- County
- Jefferson
- State
- Arkansas
- Longitude
- -91.9766
- Latitude
- 34.2124
- CBSA code
- 38220
- CBSA name
- PINE BLUFF, AR METROPOLITAN STATISTICAL AREA