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    OFF-MARKET Estimated value $680,000
    Warehouses

    510 Madison Ave, Berryville, AR 72616-4051

    16,404 SF 0.97 ac lot Built 1980
    Individually Owned 3-yr Hold Free & Clear
    Property ID
    US05-1079636
    Property summary
    AI-generated overview

    This exceptional 16,404 square foot special purpose property located at 510 E Madison Avenue in Berryville, Arkansas, presents a remarkable investment opportunity. The building offers a versatile layout ideal for a variety of uses. A significant portion of the property, approximately 2,600 square feet, is currently configured as a stunning residence featuring three bedrooms, two bathrooms, a large custom kitchen, and two living areas sharing a fireplace. Original wood floors and ceilings add to the home's character and charm. High-end finishes and meticulous attention to detail are evident throughout this unique space. Beyond the residential area, the property includes a magnificent sanctuary complete with a stage, choir balcony, bride's rooms, and a baptismal tub. This area is perfectly suited for religious services, weddings, or numerous other events. A large fellowship hall with five bathrooms and a kitchen provides ample space for gatherings. The property also boasts a spacious basement, offering significant potential for additional development, such as office space, a gym, a media room, or any combination thereof. The property is listed at $899,999 and is situated in Carroll County, Arkansas, with a zip code of 72616. Professional photographs will be available soon. This property offers a rare blend of residential and commercial potential, making it an attractive investment for discerning buyers.

    Property profile
    Verified
    Property type Warehouses
    Use group WAREHOUSE, STORAGE
    Year built 1980
    Total area 16,404 SF
    Lot 0.97 ac (42,427 SF)
    APN 875-00614-000
    UPID US05-1079636
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $740k
    Blend (final) Blend
    $680k
    Owner & transaction history
    Ashley Wellman · 3 yrs held
    Ashley Wellman
    since 2022
    2 recorded transactions
    2022
    2005
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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