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Sprague Primed for Redevelopment 203 Sprague St 4,400 SF 100% Leased Retail Building Arkansas City, AR 71630 $176,337 CAD ($40.08 CAD/SF)



Executive Summary
**Rare Investment Opportunity in Arkansas City** Retail/commercial building great location in historic town primed for heritage and outdoor tourism growth. $100 million in recent area infrastructure investments including the soon-to-be completion of the adjacent Delta Heritage Trail. 9 nearby buildings on National Historic Register. Nearby is the only paved high and low water Mississippi River public boat ramps for 30 miles which attract regional luxurious watercraft access. The 10,000 acre Choctaw Island Wildlife Management Area across levy provides public access lands ideal for hunting, fishing, biking, birdwatching, hiking, camping or horseback riding. Subject two story building on town’s main street is well preserved and offers retail and commercial and even residential potential upstairs. Property being sold along with separate nearby residence and Mississippi River frontage land offerings. Collectively the properties offer a balance of passive land investment (acreage) and active, income-producing potential (hunting, development, historic structures, residence). Price includes only subject commercial building. See MLS# 1326939 for related Land listing.
Property Facts
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
4,400 SF
Building Class
C
Year Built
1940
Price
$176,337 CAD
Price Per SF
$40.08 CAD
Percent Leased
100%
Building Height
2 Stories
Lot Size
120.00 AC
Opportunity Zone
Yes
Zoning
C - Comm
Amenities
- Corner Lot
Somewhat walkable
20/100
Very drivable
80/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 003-00209-000 | Improvements Assessment | $2,245 CAD |
| Land Assessment | $213 CAD | Total Assessment | $2,458 CAD |
Property Taxes
Parcel Number
003-00209-000
Land Assessment
$213 CAD
Improvements Assessment
$2,245 CAD
Total Assessment
$2,458 CAD
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Sprague Primed for Redevelopment | 203 Sprague St
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