937 1st St, Stephens, AR 71764

This 5,040-square-foot retail property, located at 937 N 1st St, Stephens, AR 71764, presents a unique investment opportunity. Built in 1970, this single-story building previously operated as a successful grocery store for many years. However, due to mismanagement and disrepair, it is now being sold in its current "as-is" condition. The asking price is $70,000, translating to $13.89 per square foot. The property requires significant renovations, including exterior and roof repairs, and mold remediation. The entire 5,040 square feet is net rentable. Despite its current condition, the property's size and location in Ouachita County, Arkansas, offer considerable potential for redevelopment. It could be restored to its former use as a commercial enterprise, or repurposed for alternative uses, potentially including residential conversion. This distressed sale presents a chance to acquire a substantial property at a significantly reduced price, allowing for substantial value creation through renovation and repositioning. The property's history as a thriving grocery store demonstrates the inherent viability of the location. Investors seeking a value-add project with high upside potential should seriously consider this opportunity.