510 Madison Ave, Berryville, AR 72616-4051
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.