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    Property profile & analytics
    OFF-MARKET Estimated value $940,000
    Theaters & concert halls

    3956 Steele Blvd, Fayetteville, AR 72703-5363

    60,876 SF 8.64 ac lot Built 2007
    Entity Owned 15-yr Hold Absentee Owner Free & Clear
    Property ID
    US05-0808555
    Property summary
    AI-generated overview

    This exceptional 1.67-acre commercial land parcel presents a rare investment opportunity in Fayetteville, Arkansas' vibrant Uptown district. Located at 3956 N Steele Blvd, this C2-zoned property boasts a highly desirable location between Academy and Taziki's restaurants, ensuring high visibility and foot traffic. The site is conveniently situated within walking distance of over 1,000 Class-A multi-family units, providing a substantial built-in customer base. All utilities are readily available on-site, simplifying development plans. The property is already improved with paved surfaces, striping, and lighting, minimizing upfront infrastructure costs. A significant advantage is the reciprocal parking agreement, ensuring ample parking for potential businesses. Furthermore, convenient access to the Mud Creek Trail enhances the property's appeal. This is the last available lot in this established retail area, making it a truly unique opportunity. The asking price is $1,340,000, translating to $18 per square foot. This signalized hard corner lot offers unparalleled potential for a variety of commercial ventures. Don't miss this chance to secure a prime piece of Fayetteville real estate.

    Property profile
    Verified
    Property type Theaters & concert halls
    Use group THEATER (MOVIE)
    Year built 2007
    Total area 60,876 SF
    Lot 8.64 ac (376,358 SF)
    APN 765-22241-001
    UPID US05-0808555
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Malco Razorback Cinema Grill & IMAX Cinema Theater & Performing Art Venue
    • Keypoint Church, Malco Theater Church
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $940k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $940k
    Owner & transaction history
    Malco Theatres INC · 15 yrs held
    Malco Theatres INC
    since 2010
    3 recorded transactions
    2010
    $1.0M
    2007
    $591,000
    2005
    $2.3M
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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