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20 Town Sq 7,400 SF 75% Leased Retail Building Greenwood, AR 72936 $565,000 ($76.35/SF) 7.43% Cap Rate
Investment Highlights
- Income-producing multi-tenant commercial building in Greenwood's historic Old Town Square
- 75% leased with immediate rental income; the owner-occupied 25% represents lease-up or expansion upside for an owner-user or investor
- ADA accessible; central gas heat and air; concrete slab foundation
- Four suites, each with its own entrance, currently supporting wellness, personal care, and food service uses
- 7.43% cap rate with additional upside from reconfiguring or re-leasing the owner-occupied suite
- On-site and on-street parking
Executive Summary
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.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
7,400 SF
Building Class
C
Year Built
1969
Price
$565,000
Price Per SF
$76.35
Cap Rate
7.43%
NOI
$41,980
Percent Leased
75%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.76
Lot Size
0.22 AC
Frontage
50’ on Town Sq
Amenities
- Wheelchair Accessible
- Storage Space
- Air Conditioning
- Smoke Detector
- Awning
Fairly walkable
40/100
Very drivable
80/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 63660-0012-00003-01 | Improvements Assessment | $44,336 |
| Land Assessment | $2,750 | Total Assessment | $47,086 |
Property Taxes
Parcel Number
63660-0012-00003-01
Land Assessment
$2,750
Improvements Assessment
$44,336
Total Assessment
$47,086
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20 Town Sq
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