609 46Th St Rogers, AR 72756
- Turn key restaurants
- 5,752 SF
- 1.14 lot acres
Current Use by Public Records
- Turn key restaurants
Property Details for 609 46Th St
- Year built
- 2003
- Lot size
- 1.14 lot acres
- Property size
- 5,752 SF
- Property type
- Turn key restaurants
- APN
- 02-15160-000
- APU
- 215160000
Description
This exceptional 6,000-square-foot restaurant building presents a unique investment opportunity in Rogers, Arkansas. Located on a 1.14-acre lot at 609 N 46th St, 72756, this single-story property boasts a prime location within a thriving retail center. The property benefits from its position in an area known as "Restaurant Row," situated at the convergence of W Walnut Street and SE Walton Blvd, a highly sought-after shopping destination. The surrounding area features several national retailers, including Kohl's, Barnes & Noble, Belk, and Lowe's, ensuring high visibility and foot traffic. The property's proximity to the Malco Theatre and Interstate 49 provides excellent accessibility. In 2019, W Walnut Street recorded a daily vehicle count of 32,000, underscoring the significant traffic volume in the area. The asking price for this well-positioned restaurant is $1,425,000, translating to $237.50 per square foot. This represents a compelling opportunity to acquire a substantial property in a high-demand location with proven retail success. The property's size and location make it ideal for a variety of restaurant concepts or potential redevelopment. This is a rare chance to own a piece of Rogers' vibrant culinary scene.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $645,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $470,000
- 6.5%
- $505,000
- 7%
- $535,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $515,000
- Geo Method
- $415,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $495,000
- Retail
- $560,000
- Mixed-Use
- $570,000
- Hospitality
- $450,000
- Educational
- $525,000
- Residential Income
- $475,000
- Energy
- $565,000
- Income-Based Land
- $560,000
- Food Service
- $495,000
Location Insight
- Map
- Local Demand
- City
- Rogers
- County
- Benton
- State
- Arkansas
- Longitude
- -94.1788
- Latitude
- 36.3409
- CBSA code
- 22220
- CBSA name
- FAYETTEVILLE-SPRINGDALE-ROGERS, AR-MO METROPOLITAN STATISTICAL AREA