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Sprague Primed for Redevelopment 203 Sprague St 4,400 SF 100% Leased Retail Building Arkansas City, AR 71630 $2,083,425 CAD ($473.51 CAD/SF)



EXECUTIVE SUMMARY
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.
PROPERTY FACTS
Sale Type
Investment
Sale Conditions
Property Type
Building Size
4,400 SF
Year Built
1940
Price
$2,083,425 CAD
Price Per SF
$473.51 CAD
Percent Leased
100%
Building Height
2 Stories
Building FAR
1.33
Lot Size
0.08 AC
Opportunity Zone
Yes
Zoning
C - Comm
Frontage
30’ on Sprague St
AMENITIES
- Corner Lot
PROPERTY TAXES
| Parcel Number | 003-00209-000 | Improvements Assessment | $2,195 CAD |
| Land Assessment | $208 CAD | Total Assessment | $2,403 CAD |
PROPERTY TAXES
Parcel Number
003-00209-000
Land Assessment
$208 CAD
Improvements Assessment
$2,195 CAD
Total Assessment
$2,403 CAD
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Sprague Primed for Redevelopment | 203 Sprague St
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