601 Emma Ave, Springdale, AR 72764-4633

This exceptional mixed-use property, located at 601 E. Emma Ave, Springdale, AR 72764, presents a compelling redevelopment opportunity within a designated Opportunity Zone. The 2,685 square foot building sits on a 0.46-acre lot with 120 feet of road frontage on Emma Street, just five blocks from Main Street. Currently operating as a convenience store with four gas pumps (upgraded in 2018), the property includes a kitchen space leased for $1,000 per month on a month-to-month basis. Additional income streams are generated from an ATM, Bitcoin ATM, propane sales, and lottery ticket sales (commission-based). The convenience store is also authorized to accept food stamps. The building boasts a new metal roof (2021) and benefits from its location across from and adjacent to new shops and apartments under construction. A city-led roundabout project is slated for completion. The NC2 zoning allows for a minimum 25-foot and maximum 45-foot building height, with a 10-foot maximum setback on the main street and an 85% building requirement. This allows for significant expansion potential, with the possibility of creating 35,000+ square feet of mixed-use space, including underground parking, ground floor retail, residential lofts, and a rooftop bar/cafe. The property's potential for rent-controlled units may qualify for assistance programs. The asking price is $2,150,000 ($800.74 per square foot). This is a unique chance to capitalize on the ongoing revitalization of downtown Springdale.