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315 S 2nd St
Paragould, AR 72450
Downtown Paragould Commercial Opportunity · Retail Property For Sale

Investment Highlights

  • Historic Samuel Family Gin
  • Well Positioned in Downtown Paragould
  • The Newest Opportunity for Revitalization in Downtown Paragould
  • 12,350 SF of Flex Use Space
  • In Close Proximity to First National Bank, Centennial Bank, Dollar General, and the New Paragould City Hall

Executive Summary

Offered for sale is the Historic Samuel Family Gin, a landmark property located in the heart of downtown Paragould, Arkansas. Situated on a rare 2.18-acre site and featuring 12,350-square-foot historic structure, this property blends architectural character with unmatched scale in the downtown core.
The Samuel Family Gin occupies a prominent position near downtown's primary anchors, including First National Bank, Centennial Bank, the new Paragould City Hall, and Dollar General - placing it at the center of Paragould's downtown commercial and civic activity.
Over the past five years, the City of Paragould has fully revitalized downtown, investing heavily in public infrastructure, streetscape improvements, and municipal facilities. The transformation has created a vibrant, walkable district and increased demand for adaptive reuse and commercial redevelopment opportunities.
The property offers excellent visibility, generous land area for parking or expansion, and a flexible layout suitabble for adaptive reuse, professional or medical offices, financial services, retail, mixed-use development, or a signature redevelopment project, subject to zoning and historic considerations.
A rare opportunity to acquire an iconic historic asset with scale, exposure, and long-term upside in one of Northeast Arkansas's most dynamic downtown markets.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Building Size
12,350 SF
Year Built
1986
Price
$550,000
Price Per SF
$44.53
Percent Leased
100%
Building Height
1 Story
Building FAR
0.13
Lot Size
2.18 AC
Opportunity Zone
Yes
Zoning
Commercial

Property Taxes

Property Taxes

Parcel Number
1525-00123-000
Land Assessment
$10,800
Improvements Assessment
$17,530
Total Assessment
$28,330
  • Listing ID: 39807890

  • Date on Market: 3/17/2026

  • Last Updated:

  • Address: 315 S 2nd St, Paragould, AR 72450

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