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    FOR SALE
    Outlet malls

    620 W Gaines St, Monticello, AR 71655

    8,505 SF 1.18 ac lot Built 2014
    Entity Owned 1-yr Hold Absentee Owner Free & Clear
    Property ID
    US05-1961252
    Property summary
    AI-generated overview

    This exceptional freestanding retail storefront, located at 620 W Gaines St in Monticello, Arkansas, presents a compelling investment opportunity. The property boasts a substantial 8,320 square feet of space, ideally suited for a variety of retail uses. Constructed in 2014, the single-story building sits on a generous 1.18-acre lot, providing ample room for expansion or outdoor amenities. Currently vacant, this property offers immediate occupancy for a new business. Its prime location ensures high visibility, with approximately 14,000 vehicles passing daily. The property includes prominent pylon signage, maximizing brand exposure and attracting potential customers. Offered at $416,000, this owner-user investment presents a rare chance to acquire a significant retail presence in a thriving Arkansas community. The building's size and location make it an attractive option for businesses seeking a substantial footprint with excellent visibility in a high-traffic area. The property's 2014 construction ensures modern amenities and efficient operation. This is a turnkey opportunity for a business seeking to establish or expand its retail operations in Monticello, Arkansas. The 71655 zip code offers access to a strong local market. Don't miss this chance to own a prominent retail space in a high-traffic location.

    Property profile
    Verified
    Property type Outlet malls
    Use group WHOLESALE OUTLET, DISCOUNT STORE
    Year built 2014
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 8,505 SF
    Lot 1.18 ac (51,401 SF)
    APN 703-03582-002
    UPID US05-1961252
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $665k
    Owner & transaction history
    Dale Newman Investments LLC · 1 yrs held
    Dale Newman Investments LLC
    since 2024
    1 recorded transaction
    2024
    $390,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Office building $840,000 +25.6%
    Restaurant $765,000 +14.0%
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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