| Description: |
Built in 2003, each building has 7,600 sq. ft, low-maintenance metal roofing, rock and vinyl siding, central heat & air, carpet and tile, fire alarms, and security systems. This office plaza is located at the corner of Route 25 and Highway 110. Building one has a central reception area, conference room, copy center, kitchen, two bathrooms and an administrative assistant on staff. There is also a cleared adjoining lot with all horizontals in on approximately 1 acre including common areas and parking. Blueprints are available for the undeveloped building three.
This business plaza currently has tenants that include a BBQ restaurant, three medical practices, a dental practice, a medical supply company and various others. The plaza is adjacent to a full retirement village with an assisted living center and condos. There is an optional adjoining 16 acre tract of land available for purchase "that a national retailer has expressed an interest in". The plaza is less than a mile from the new Baptist Medical Center, and Arkansas State University at Heber Springs.
Located just minutes from downtown Heber Springs and its famous nearby lakes, it’s an ideal location and property for the right buyer/investor/investment group. Medical Partnerships, Clinics, Therapists, Specialists, Pharmacies, Attorneys, and other professionals – again, this is an IDEAL location with a substantial local client base, and is a good investment!
The seller wants to terminate his current real estate partnership, is flexible, and willing to accept terms. The current asking price is $1,890,000, supported by a recent appraisal. I encourage all interested parties to contact me. I can provide information on Cap Rate, local demographics, and more. Buyers, think about this - An accepted discounted offer means instant equity + cash flow to you. |
