Office for Sale in Texarkana, AR

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Office
  • Location: Texarkana, AR 71854
  • Year built: 2018

Description

Marcus & Millichap is pleased to present 114 E 49th ST, a 7,266 gross square foot medical office building located in Texarkana, Arkansas (“Property”) for SALE or LEASE. The Property was constructed in 2018 and is situated on 0.83 acres land. The Property has approximately 50 surface spots at a 6.88/1,000 ratio. The Property is being sold vacant and is well suited for an owner- user or opportunistic investor who is seeking a well-located, high-quality facility in a growing regional market. The building previously operated as an optometry practice and received over $800,000 in tenant improvements. Zoned C- Commercial, the Property supports a wide range of potential uses- including medical, office, retail, wellness, and other professional services- giving investors multiple avenues to reposition or re-tenant the asset for maximum value. The Property is located just off Stateline Avenue and Interstate 30, with immediate access to I-30 and strong visibility within a major traffic corridor. Interstate 30 carries approximately 39,000+ vehicles per day and U.S Highway 71 carrying over 25,000+ vehicles per day, enhancing both exposure and accessibility for future tenants or owner- users. Investment Highlights: • FOR SALE OR LEASE • 7,266 Square Foot Medical Office Building | Delivered Vacant • Over $800,000 in my Tenant Improvements | Turnkey Clinical Environment • 6:88 : 1,000 Parking Ratio on 0.83 Acres Land | Ample On-Site Surface Parking • Zoned C- Commercial | Allowing a Wide Range of Uses • Centrally Located, High- Visibility Commercial Corridor | Interstate 30 and Stateline Avenue

Market Context

This office in Texarkana, AR is listed for sale. It is offered at an approximate 7.5% capitalization rate, a key benchmark for income-producing office assets. The building dates to 2018. It has been on the market for 67 days. Compare it against other office listings for sale in Texarkana, AR — <a href="/search/sale/office/arkansas/texarkana">view the full market</a>.

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