2964 W Huntsville Avenue, Springdale, AR

About 2964 W Huntsville Avenue

100% Leased Office Building! Gross income is $134K with room to raise rents and lower expenses, reducing tax assessment and overhead. Potential to grow to $145k gross income, and $105K+ net income in 9 months. Current cap rate is 5.9%, proforma cap at 7%. The property has a brand new roof, concrete parking lot, mostly brick exterior, and plenty of parking just 1 mile from the highway making this an attractive office location for tenants. At this price of $206 PSF, it would be difficult to replace this building with today's construction costs. Avg days to rent a space in this building is only 59 days. This versatile building includes three restrooms, a reception area, break room, ample storage, and abundant parking for tenants and visitors. The all-brick exterior and professionally landscaped grounds create a professional and inviting atmosphere. Located on W Huntsville Ave, which sees approx. 23K VPD and approx. 1 mile from I-49, which sees around 105K VPD. Don't miss out on this exceptional investment opportunity!

Listing Map