203 Sprague St - Storefront Retail/Residential FOR SALE


Arkansas City, AR 71630
$1,500,000 USD
870-688-7100
203 Sprague St, Arkansas City, AR for Sale
$1,500,000 USD
Storefront Retail/Residential - FOR SALE
1/14
null | Request Cap Rate

203 Sprague St
Arkansas City, AR 71630


OVERVIEW

Rare 3-piece combination of prime Mississippi River frontage (120 acres) recreational land at south end of Delta Heritage Trail and Choctaw Island WMA, historic downtown residence and commercial building. Location and town of Arkansas City (population 350) is the county seat of Desha County is primed for heritage and outdoor tourism growth. $100 million in recent area infrastructure investments including the soon-to-be completion of the adjacent DHT and the only paved high and low water Mississippi River public boat ramps for 30 miles which will attract more luxurious watercraft access. Included are 2 of the 9 local properties listed on the National Register of Historic Places. The properties offer a balance of passive land investment (acreage) and active, income-producing potential (hunting, development, historic structures, residence). Price includes subject 120 ac which must be sold in conjunction with this downtown residence and commercial building. Downtown Residence parcel 003-00115-000. See MLS #1326939 for Land Bundle.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$341 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sprague Primed for Redevelopment

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Freestanding, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1940

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

120 AC

LAND SF

5,227,200 SF

ZONING

C

APN/PARCEL ID

003-00209-000

ASK ABOUT THIS PROPERTY

Stewart NanceCantrell-Griffin Business BrokersMore Info
870-688-7100

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Stewart NanceCantrell-Griffin Business BrokersMore Info
870-688-7100

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