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302 E Parkway Dr 15,322 SF Retail Building Russellville, AR 72801 $2,000,000 ($130.53/SF)
Executive Summary
Discover this income producing commercial package located along a high traffic roadway just minutes from downtown and ATU. This fully occupied strip mall features a total of 5 suites, and 3 of them secured with 5 yr leases, offering stable long term rental income from established tenants. In addition to the commercial frontage, the property includes 4 rental houses, all currently leased, creating multiple streams of revenue and strong occupancy history. Its location ensures excellent visibility, consistent traffic flow, and proximity to surrounding businesses, neighborhoods, and student populations
Suite A- 2000/month (5 year lease), Suite B-2300/month (5 year lease), Suite C-4000/month (5 year lease), Suite D-1100/month, Suite E- 800/month Rent Houses: 219 E C. Street- $1200/month, 307 E. C Street- $950/month, 210 N. Cleveland- $1150/month, 208 N. Cleveland- $1200/month.
total sqft includes 4 rent houses (6112 sqft)
Suite A- 2000/month (5 year lease), Suite B-2300/month (5 year lease), Suite C-4000/month (5 year lease), Suite D-1100/month, Suite E- 800/month Rent Houses: 219 E C. Street- $1200/month, 307 E. C Street- $950/month, 210 N. Cleveland- $1150/month, 208 N. Cleveland- $1200/month.
total sqft includes 4 rent houses (6112 sqft)
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Building Size
15,322 SF
Building Class
B
Year Built
1999
Price
$2,000,000
Price Per SF
$130.53
Tenancy
Single
Building Height
1 Story
Building FAR
0.35
Lot Size
1.00 AC
Opportunity Zone
Yes
Parking
20 Spaces (1.31 Spaces per 1,000 SF Leased)
Frontage
200’ on Parkway Dr
Fairly walkable
50/100
Very drivable
80/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 758-00409-000C | Improvements Assessment | $133,050 |
| Land Assessment | $28,000 | Total Assessment | $161,050 |
Property Taxes
Parcel Number
758-00409-000C
Land Assessment
$28,000
Improvements Assessment
$133,050
Total Assessment
$161,050
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302 E Parkway Dr
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