20 Town Sq - Health Club FOR SALE


Greenwood, AR 72936
$565,000 USD
479-226-3931
20 Town Sq, Greenwood, AR for Sale
$565,000 USD
Health Club - FOR SALE
1/69
null | 7.43% Cap Rate

20 Town Sq
Greenwood, AR 72936


HIGHLIGHTS

  • Income-producing multi-tenant commercial building in Greenwood's historic Old Town Square
  • Four suites, each with its own entrance, currently supporting wellness, personal care, and food service uses
  • 75% leased with immediate rental income; the owner-occupied 25% represents lease-up or expansion upside for an owner-user or investor
  • 7.43% cap rate with additional upside from reconfiguring or re-leasing the owner-occupied suite
  • ADA accessible; central gas heat and air; concrete slab foundation
  • On-site and on-street parking

OVERVIEW

20 Town Square is a ±7,400 SF multi-tenant commercial building located in Greenwood's historic Old Town Square, offered at $565,000 with a 7.43% cap rate. The property is currently 75% leased across four separate suites, each with its own entrance, supporting wellness, personal care, and food and beverage uses. The seller occupies the remaining 25% of the building, presenting a buyer with the opportunity to either continue that arrangement, lease the space for immediate income growth, or reconfigure it to suit an owner-user's needs. Built in 1969 on a concrete slab foundation, the building includes central gas heat and air, ADA accessibility, shared common restrooms and hallways, and both lot and on-street parking. Trade fixtures and furniture used by current tenants do not convey with the sale. This is a strong opportunity for an investor seeking stabilized cash flow with upside potential, or an owner-user looking to occupy space in a well-located, income-producing asset in Greenwood's commercial core.

FOR SALE DETAILS

PRICE

$565,000 USD

PRICE/SF

$76 USD /SF

CAP RATE

7.43%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Health Club

ADD'L SUBTYPES

Freestanding, Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1969

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,743 SF

ZONING

-

APN/PARCEL ID

63660-0012-00003-01

ASK ABOUT THIS PROPERTY

Amanda RichmondMcGraw RealtorsMore Info
479-226-3931

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Amanda RichmondMcGraw RealtorsMore Info
479-226-3931

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.