100% Leased Investment Opportunity. 8.8% CAP rate. This 3 +/- acre property has 240ft of prime HW 62 frontage. 5,000sf building built in 2016 and newly remodeled in 2022. All new metal roof, upgraded interior mechanicals and divided into 3 leasable spaces. Minimal landlord responsibilities.
Don't miss out on this prime real estate opportunity! Located on Hwy 62, this property boasts high visibility and approximately 4.26 acres of cleared, flat land. With the potential for revenue generation, the land could be transformed into a trendy "barndominium", boat/RV storage, RV park, business headquarters, mini storage, and more. Don't wait, schedule your showing today! **This 8.89-acre property has been subdivided. Please see MLS#1243745 and MLS#1243754 for the complete 8.89 acres, and MLS#1262482 for a 4.63-acre parcel of land.**
Don't miss out on this prime real estate opportunity! Located on Hwy 62, this property boasts high visibility and approximately +/-8.89 acres of cleared, flat land. The property includes a 9,500 sqft shop with recent updates and a cabinet-making shop, as well as a charming house and outbuilding. With potential for revenue generation, the building could be transformed into a trendy "barndominium", boat/RV storage, RV park, business headquarters, mini storage and more. Don't wait, schedule your showing today! **This 8.89-acre property has been subdivided. Please see MLS#1243745 and MLS#1243754 for the complete 8.89 acres, MLS#1262482 for a 4.63-acre parcel of land. and MLS#1262487 for 4.26 acres with the shop and outbuildings.**
Garfield is located in Arkansas. Garfield, Arkansas has a population of 496. Garfield is less family-centric than the surrounding county with 20.57% of the households containing married families with children. The county average for households married with children is 39.91%.
The median household income in Garfield, Arkansas is $59,250. The median household income for the surrounding county is $61,271 compared to the national median of $57,652. The median age of people living in Garfield is 45.5 years.
The average high temperature in July is 87.4 degrees, with an average low temperature in January of 22 degrees. The average rainfall is approximately 47.3 inches per year, with 10.9 inches of snow per year.