2964 W Huntsville Avenue

Springdale , AR 72762

MLS#: 1285487

$1,499,900

Status: Active
Listing number: 1285487
Listing provided by: Keller Williams Market Pro Realty Bentonville West
Listing agent phone: None
Last update: 7 hours ago
On site: 1 year, 11 days ago
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Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

2006

Sq.Footage

7,248

100% Leased Office Building! Gross income is $134K with room to raise rents and lower expenses, reducing tax assessment and overhead. Potential to grow to $145k gross income, and $105K+ net income in 9 months. Current cap rate is 5.9%, proforma cap at 7%. The property has a brand new roof, concrete parking lot, mostly brick exterior, and plenty of parking just 1 mile from the highway making this an attractive office location for tenants. At this price of $206 PSF, it would be difficult to replace this building with today's construction costs. Avg days to rent a space in this building is only 59 days. This versatile building includes three restrooms, a reception area, break room, ample storage, and abundant parking for tenants and visitors. The all-brick exterior and professionally landscaped grounds create a professional and inviting atmosphere. Located on W Huntsville Ave, which sees approx. 23K VPD and approx. 1 mile from I-49, which sees around 105K VPD. Don't miss out on this exceptional investment opportunity!

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Basement YN

    NO

  • Cooling YN

    YES

  • Cooling

    Central Air

  • Heating YN

    YES

  • Heating

    Central

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Brick

  • Parking

    Parking Lot

  • Pool

    No

Area & Lot

  • Lot Features

    City Lot

  • Lot Size(acres)

    0.47

  • Property Type

    Commercial Sale

  • Property Sub Type

    Office

Price

  • Sales Price

    $1,499,900

  • Tax Amount

    11192.0

  • Zoning

    Commercial

  • Sq. Footage

    7, 248

  • Price/SqFt

    $206

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    2

  • Association Amenities

    Trail(s)

  • Foundation Details

    Slab

  • Sewer

    Public Sewer

  • Tax Lot

    12

  • Water Source

    Public

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Location

County

Washington

Elementary School

Middle School

High School

Listing Courtesy of Salmonsen Group Realtors , Keller Williams Market Pro Realty Bentonville West

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Agent CarrieDavenport

REALTOR®

CarrieDavenport

Call Carrie today to schedule a private showing.

(479) 477-1718

carrie_daven@ymail.com


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100% Leased Office Building! Gross income is $134K with room to raise rents and lower expenses, reducing tax assessment and overhead. Potential to grow to $145k gross income, and $105K+ net income in 9 months. Current cap rate is 5.9%, proforma cap at 7%. The property has a brand new roof, concrete parking lot, mostly brick exterior, and plenty of parking just 1 mile from the highway making this an attractive office location for tenants. At this price of $206 PSF, it would be difficult to replace this building with today's construction costs. Avg days to rent a space in this building is only 59 days. This versatile building includes three restrooms, a reception area, break room, ample storage, and abundant parking for tenants and visitors. The all-brick exterior and professionally landscaped grounds create a professional and inviting atmosphere. Located on W Huntsville Ave, which sees approx. 23K VPD and approx. 1 mile from I-49, which sees around 105K VPD. Don't miss out on this exceptional investment opportunity!

2964 W Huntsville Avenue

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