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703 Rogers Ave Fort Smith, AR 72901-2409

OFF-MARKET Warehouses Google Maps
5,050 SF 0.06 ac lot
Entity Owned 3-yr Hold Free & Clear
Estimated value (blended)
$225k
Range $203k – $248k (±10%)
Property ID US05-1459516

Property summary

AI-generated overview

This exceptional 5,050 square foot, two-story building at 703 Rogers Ave in Fort Smith, Arkansas, presents a unique redevelopment opportunity. Located in the heart of downtown, this vacant property boasts a prime location directly across from the Fort Smith Convention Center and adjacent to Prohibition. The building, classified as Class D, is completely gutted, offering a blank slate for a variety of uses. With a permitted zoning of PZD, the possibilities are extensive. The property sits on APN 16477-0006-00502-01 and benefits from high daily traffic volume, with nearly 15,000 vehicles passing by. The building's history adds character, while its current vacant state allows for complete customization. This is a rare chance to acquire a substantial property in a thriving downtown area, ideal for a bar, restaurant, storefront, or other commercial venture. The asking price is $305,000. The property includes one building and one unit. Proximity to a parking garage further enhances its appeal. This is a truly remarkable redevelopment opportunity in a high-demand location.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Total area 5,050 SF
Lot 0.06 ac (2,777 SF)
APN 16477-0006-00502-01
UPID US05-1459516

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Law Firm

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$250k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$225k

Owner & transaction history

since 2023
Last sale
$250,000
4 recorded transactions
2023
$4,405
2020
Price N/A
2018
$250,000
2018
$250,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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