$190,000
$199,000
4.5%For more information regarding the value of a property, please contact us for a free consultation.
107 NE Akron St Gravette, AR 72736
3,900 SqFt
Key Details
Sold Price $190,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 3,900 sqft
Price per Sqft $48
MLS Listing ID 1303016
Sold Date 05/16/25
Construction Status 25 Years or older
HOA Y/N No
Annual Tax Amount $1,561
Lot Size 5,662 Sqft
Acres 0.13
Property Description
Investors take note! This is a 29-unit self-storage building located in the bustling downtown area of Gravette, AR. A rare opportunity to own a downtown parcel in the growing area of Northwest Arkansas. You can enjoy a steady stream of passive rental income from a diversified tenant base. Over 85% occupancy, there is potential for income consistency and growth. The roof has been recently replaced, ensuring minimal maintenance costs in the near future. No utilities to worry about. New 2025 rates are not yet in effect, offering the potential for even greater returns on your investment. The Gravette area is evolving and growing, offering the potential for long-term appreciation of your investment. The lot itself has great redevelopment potential in the center of town. With its convenient location in downtown Gravette, these units are pretty self-sustaining while anticipating the growth to come. Agent owned. Add'l mini storage listing available at 150 SE Charlotte St. See ML#1303029. Agent owned.
Location
State AR
County Benton
Direction 72W to 59N, right on Akron
Exterior
Present Use Mini Storage
Building
Lot Description Central Business District
New Construction No
Construction Status 25 Years or older
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Bought with Gibson Real Estate