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937 N 1st St 5,040 SF Retail Building Stephens, AR 71764 $60,000 ($11.90/SF)
INVESTMENT HIGHLIGHTS
- Highway visibility.
EXECUTIVE SUMMARY
The property was a thriving grocery store for decades. It has fallen into mismanagement and disrepair. It is being sold as a shell. The exterior/roof needs repair and there is mold which needs to be removed. This could become a commercial enterprise again or converted to residential use.
TAXES & OPERATING EXPENSES (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
TAXES & OPERATING EXPENSES (ACTUAL - 2024) Click Here to Access
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Owner User
Sale Condition
Building in Shell Condition
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,040 SF
Building Class
C
Year Built
1970
Price
$60,000
Price Per SF
$11.90
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.06
Lot Size
1.92 AC
Zoning
none - Rural area
Parking
35 Spaces (6.94 Spaces per 1,000 SF Leased)
AMENITIES
- Security System
- Signage
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 998-00007-100C | Total Assessment | $25,670 |
| Land Assessment | $2,360 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $23,310 | Tax Year | 2024 Payable 2024 |
PROPERTY TAXES
Parcel Number
998-00007-100C
Land Assessment
$2,360
Improvements Assessment
$23,310
Total Assessment
$25,670
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024 Payable 2024
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Presented by
Ray Traylor Real Estate
937 N 1st St
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