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3302 Washington St Forrest City, AR 72335-9579

OFF-MARKET Drive through restaurants Google Maps
2,577 SF 1.16 ac lot Built 1999
Entity Owned 7-yr Hold Absentee Owner ~ Est. High Equity
Estimated value (blended)
$240k
Range $216k – $264k (±10%)
Property ID US05-0754697

Property summary

AI-generated overview

This exceptional 2,582 square foot freestanding commercial property, located in St. Francis County, presents a unique opportunity for a variety of retail or restaurant businesses. Previously occupied by a Wendy's restaurant (Store #220), the building is currently vacant and ready for immediate occupancy. The single-tenant structure offers ample space for customization and adaptation to suit a new tenant's specific needs. Its prominent location as a freestanding outparcel ensures high visibility and accessibility, making it an ideal spot for attracting customers. The property's existing infrastructure provides a solid foundation for a quick and efficient build-out, minimizing upfront costs and maximizing return on investment. This turnkey solution eliminates the need for extensive renovations, allowing businesses to focus on operations and growth. The property's size and layout are well-suited for a variety of concepts, from quick-service restaurants to retail stores. With its strategic location and readily available space, this property represents a compelling investment opportunity in a thriving market. Serious inquiries are encouraged to explore the potential of this exceptional commercial space. The property is offered as-is.

Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1999
Total area 2,577 SF
Lot 1.16 ac (50,530 SF)
APN 0800-00097-0003
UPID US05-0754697

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
  • Restaurant Take-out & Catering

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$265k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$240k

Owner & transaction history

since 2018
2 recorded transactions
2019
Price N/A
2018
$350,000

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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