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206 W Walnut St
Rogers, AR 72756
Retail Property For Sale


Investment Highlights
- Ability to have offices or living quarters upstairs in the 1061 SF living area.
- Could rent upstairs out for additional income. Seperate entry.
- Ample parking adjacent.
Executive Summary
Rare opportunity to own a landmark commercial property in the heart of Downtown Rogers' thriving Entertainment District. Situated on highly visible Walnut Street, this historic 1909 building offers 3,672 square feet of versatile space and includes a valuable liquor permit, creating endless possibilities for investors, entrepreneurs, restaurateurs, retailers, office users, or mixed-use redevelopment.
The main level encompasses approximately 2,611 square feet of commercial space and is currently leased to The Music Depot, providing an established business presence. Upstairs, an additional 1,061 square feet offers flexible space that can serve as living quarters, executive offices, creative workspace, short-term rental accommodations (subject to local regulations), or additional business use.
Known for decades as the home of Goldens Jewelers, the property underwent a complete renovation and successfully operated as the jewelry store since 1994. More recent improvements include upgraded security systems, separate HVAC units for the commercial and upper-levelspaces, and a new roof featuring 2-inch closed-cell insulation for enhanced energy efficiency and comfort. The building beautifully blends historic character with modern functionality, preserving its downtown charm while providing the infrastructure today's owners and tenants expect.
A significant advantage is its location adjacent to a public parking area, offering convenient access for customers, clients, employees, and guests. Combined with excellent street visibility and steady pedestrian traffic, the property is ideally positioned to benefit from the continued growth and revitalization of Downtown Rogers.
Downtown Rogers has become one of Northwest Arkansas' most dynamic destinations, where historic brick-lined streets meet modern amenities, entertainment, and outdoor recreation. The walkable district attracts both residents and visitors with its unique blend of dining, shopping, arts, culture, and community events.
Popular nearby destinations include award-winning Onyx Coffee Lab, Heirloom at the 1907, Parkside Public, and Ozark Beer Company. The renowned Railyard Entertainment District creates avibrant atmosphere where patrons can enjoy beverages while exploring participating downtown businesses and venues.
The area is also home to a thriving arts and culture scene featuring Art on the Bricks, RAD on 2nd maker markets, local galleries, boutiques, and attractions such as the Daisy Airgun Museum. Community gathering spaces including Railyard Park and Frisco Plaza host concerts, festivals, farmers markets, and year-round events that draw visitors from throughout the region.
Outdoor enthusiasts will appreciate close proximity to Lake Atlanta Park, the Razorback Greenway, and the Railyard Bike Park, providing easy access to trails, recreation, and some of Northwest Arkansas' most popular outdoor amenities.
Whether you're seeking a turnkey investment, an owner-occupant opportunity, a flagship business location, or a redevelopment project in one of Arkansas' fastest-growing markets, this exceptional property offers a rare combination of historic significance, modern improvements, prime visibility, parking accessibility, and unmatched downtown energy.
Properties with this level of character, flexibility, and location seldom become available. Don't miss your opportunity to own a piece of Downtown Rogers history while investing in its exciting future.
The main level encompasses approximately 2,611 square feet of commercial space and is currently leased to The Music Depot, providing an established business presence. Upstairs, an additional 1,061 square feet offers flexible space that can serve as living quarters, executive offices, creative workspace, short-term rental accommodations (subject to local regulations), or additional business use.
Known for decades as the home of Goldens Jewelers, the property underwent a complete renovation and successfully operated as the jewelry store since 1994. More recent improvements include upgraded security systems, separate HVAC units for the commercial and upper-levelspaces, and a new roof featuring 2-inch closed-cell insulation for enhanced energy efficiency and comfort. The building beautifully blends historic character with modern functionality, preserving its downtown charm while providing the infrastructure today's owners and tenants expect.
A significant advantage is its location adjacent to a public parking area, offering convenient access for customers, clients, employees, and guests. Combined with excellent street visibility and steady pedestrian traffic, the property is ideally positioned to benefit from the continued growth and revitalization of Downtown Rogers.
Downtown Rogers has become one of Northwest Arkansas' most dynamic destinations, where historic brick-lined streets meet modern amenities, entertainment, and outdoor recreation. The walkable district attracts both residents and visitors with its unique blend of dining, shopping, arts, culture, and community events.
Popular nearby destinations include award-winning Onyx Coffee Lab, Heirloom at the 1907, Parkside Public, and Ozark Beer Company. The renowned Railyard Entertainment District creates avibrant atmosphere where patrons can enjoy beverages while exploring participating downtown businesses and venues.
The area is also home to a thriving arts and culture scene featuring Art on the Bricks, RAD on 2nd maker markets, local galleries, boutiques, and attractions such as the Daisy Airgun Museum. Community gathering spaces including Railyard Park and Frisco Plaza host concerts, festivals, farmers markets, and year-round events that draw visitors from throughout the region.
Outdoor enthusiasts will appreciate close proximity to Lake Atlanta Park, the Razorback Greenway, and the Railyard Bike Park, providing easy access to trails, recreation, and some of Northwest Arkansas' most popular outdoor amenities.
Whether you're seeking a turnkey investment, an owner-occupant opportunity, a flagship business location, or a redevelopment project in one of Arkansas' fastest-growing markets, this exceptional property offers a rare combination of historic significance, modern improvements, prime visibility, parking accessibility, and unmatched downtown energy.
Properties with this level of character, flexibility, and location seldom become available. Don't miss your opportunity to own a piece of Downtown Rogers history while investing in its exciting future.
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
3,672 SF
Building Class
C
Year Built/Renovated
1909/1994
Price
$1,527,907 CAD
Price Per SF
$416.10 CAD
Cap Rate
6%
NOI
$91,674 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
1.40
Lot Size
0.06 AC
Zoning
Commercial - Zoning is contingent on what the end user applies for and is approved. In downtown Rogers it can be many things.
Parking
40 Spaces (10.89 Spaces per 1,000 SF Leased)
Frontage
22’ on W Walnut St
Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Fiber Optic Internet
- Smoke Detector
Property Taxes
| Parcel Number | 02-02235-000 | Improvements Assessment | $116,585 CAD |
| Land Assessment | $4,795 CAD | Total Assessment | $121,380 CAD |
Property Taxes
Parcel Number
02-02235-000
Land Assessment
$4,795 CAD
Improvements Assessment
$116,585 CAD
Total Assessment
$121,380 CAD
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