604 Ctr St Lonoke, AR 72086-2546
This exceptional commercial property presents a unique investment opportunity in the thriving town of Lonoke, Arkansas. Spanning two acres of land, this expansive lot at 604 Center Street offers significant potential for a variety of commercial ventures. Its strategic location provides excellent visibility and accessibility, making it an ideal site for businesses seeking high traffic exposure. The property is classified as "Other" in terms of building type, meaning it's a blank canvas ready for development according to your specific needs and vision. This presents a rare chance to build a custom structure tailored to your business requirements, maximizing efficiency and functionality. The asking price for this substantial land parcel is $535,000, reflecting its prime location and development potential within the Lonoke community. Given the size and location, this property is well-suited for a range of commercial uses, from retail establishments and restaurants to light industrial facilities or office spaces. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. The absence of existing structures allows for complete design flexibility and the creation of a truly bespoke commercial space. Don't miss this chance to secure a prominent location in a growing Arkansas town.
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.