$1,300,000
$1,399,900
7.1%For more information regarding the value of a property, please contact us for a free consultation.
2964 W Huntsville Ave Springdale, AR 72762
7,248 SqFt
Key Details
Sold Price $1,300,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
Square Footage 7,248 sqft
Price per Sqft $179
MLS Listing ID 1285487
Sold Date 12/01/25
HOA Y/N No
Year Built 2006
Annual Tax Amount $11,192
Lot Size 0.470 Acres
Acres 0.47
Property Sub-Type Office
Property Description
100% Leased, 6.31% Cap Rate 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. 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 $193 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!
Location
State AR
County Washington
Direction Heading S on I-49, take Ext 73 for Elm Springs Rd. Turn Left onto Elm Springs Rd. In approx. 1 mile the property will be on the left.
Rooms
Basement None
Interior
Heating Central
Cooling Central Air
Flooring Carpet, Tile
Appliance Electric Water Heater
Exterior
Community Features Biking, Trails/Paths
Utilities Available Electricity Available, Fiber Optic Available, Sewer Available, Water Available
Roof Type Architectural,Shingle
Road Frontage Main Thoroughfare
Building
Lot Description Central Business District, City Lot
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type Brick
New Construction No
Others
Security Features Fire Alarm,Fire Sprinkler System,Smoke Detector(s)
Acceptable Financing ARM, Conventional
Listing Terms ARM, Conventional
Special Listing Condition None
Read Less
Want to know what your home might be worth? Contact us for a FREE valuation!

Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Collier & Associates






