534 Main St Magnolia, AR 71753

Property Details for 534 Main St

Year built

1930

Lot size

2.22 lot acres

Property size

3,150 SF

Property type

Commercial real estate

Description

This exceptional mixed-use investment property in Magnolia, Arkansas, presents a rare opportunity. Located at 534 E Main St, this property boasts two buildings on a spacious 2.22-acre lot, zoned commercial with restrictions. The main building, a charming Colonial-style structure built in 1930 and renovated in 2022, offers significant updates including a new roof, new decks, fresh interior and exterior paint, and new flooring. The main building also features newly installed air conditioners. A second building, a two-bedroom, one-bathroom guest house, has also received a recent interior paint refresh. The combined square footage of both buildings totals 3,150 square feet, currently divided into two units. The property's asking price is $699,900, translating to $222.19 per square foot. Situated in a high-traffic area of town, this property offers endless possibilities for a savvy investor. The property's two buildings and large lot provide multiple income streams and potential for future development or expansion. The 1930 construction date adds to the property's unique character and potential for attracting a diverse range of tenants. This is a turnkey investment opportunity with significant upside potential. The property's location in Magnolia, Arkansas, offers a strong foundation for a successful investment. The combination of historic charm, modern updates, and prime location makes this a truly compelling opportunity.