Property profile

294 Highway 79 Marianna, AR 72360

FOR SALE
Other commercial real estate
Property ID
US05-1894238
3,260 SF
Individually Owned 14-yr Hold Free & Clear
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Property summary

AI-generated overview

The property at 294 Highway 79 in the Robertson Addition of Marianna, Arkansas is located on an approximately 0.82-acre lot with highway frontage and paved parking. The building contains about 4,887 square feet and is zoned C-2. It includes 17 total units, consisting of a manager’s apartment and an office, with space that is currently used for storage as well as units that are configured as rentable living units; the storage units are potentially convertible into additional income-producing spaces. A pole sign and the site’s highway frontage support prominent roadside visibility. With city approval, the site has potential for redevelopment or reconfiguration into an apartment complex or other multi-unit residential investment use. The property is positioned for access to regional amenities and employment centers, including Mississippi River State Park (approximately 10 minutes), Forrest City (approximately 20 minutes), Memphis (approximately 55 minutes), and Little Rock (approximately 90 minutes).

Property profile

Verified
Property type Other commercial real estate
Use group COMMERCIAL (GENERAL)
Construction FRAME
Total area 3,260 SF
APN 05-01867-01
UPID US05-1894238

Cap rate & NOI

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

Location

294 Highway 79 Marianna, AR 72360
Marianna metro Census 470300
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$250k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$390k

Owner & transaction history

since 2012
4 recorded transactions
2012
Price N/A
2009
$55,000
2009
$50,000
2005
$65,000

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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