16727 Highway 62 Garfield, AR ^$ 790,000

16727 Highway 62

^$ 790,000

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16727 Highway 62

Garfield, AR, 72732

^$ 790,000

Studio Baths0.0 Sq 5,000

Monthly Estimate*

^$ 5,251

16727 Highway 62, Garfield, AR 72732 - Image 1

16727 Highway 62, Garfield, AR 72732 - Image 2

16727 Highway 62, Garfield, AR 72732 - Image 3

16727 Highway 62, Garfield, AR 72732 - Image 4

16727 Highway 62, Garfield, AR 72732 - Image 5

16727 Highway 62, Garfield, AR 72732 - Image 6

16727 Highway 62, Garfield, AR 72732 - Image 7

16727 Highway 62, Garfield, AR 72732 - Image 8

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Studio

Commercial Property for sale in Garfield, AR

for $790,000. This 5,000 square foot building was built in 2017 on a lot size of 3.

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.

Commercial Active

Price

^$ 790,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 3,875

Style

Retail

Lot Size

Year Built

2017

Town/City

Garfield

County/Region

Benton

MLS | Web ID

1270864

Features

General

Sewer SepticTank

Heating Propane

Cooling CentralAir

Utilities SepticAvailable WaterAvailable

Roof Metal

Zoning N

Security Features SecuritySystem

Year Built 2017

Property SubType Retail

Current Use Retail

County Benton

New Construction N

Property Type CommercialSale

HOA / Comm Assn N

Attached Garage N

Garage Y/N N

Building Features Other SeeRemarks

Status Active

Directions From HW 49 E on HW 112 towards Garfield. HW 62 Building on Right

City Garfield

View Y/N N

Senior Community Y/N N

NumberOfUnitsTotal 3

Lot Size Units Acres

Waterfront Y/N N

Carport Y/N N

Street Name Highway 62

Property Attached Y/N N

Year Built Details Resale (less than 25 years old)

Land Lease Y/N N

Tax Annual Amount 3875.0

Home Warranty Y/N N

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Virtual Tour https://tour.nwarealtors.org/16727-Highway-62-Garfield-AR-72732--1270864/unbranded

Days on Market 44

Standard Status Active

Tax Lot .

Property Sub Type Additional Retail

Legal Description PART OF THE NORTHEAST QUARTER OF THE SOUTHEAST QUARTER OF SECTION 36 T-21-N R-29-W BENTON COUNTY ARKANSAS AND BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCING AT A POINT BEING USED AS THE QUA

Interior

Basement None

Flooring Concrete

Total Stories 1

Basement (Y/N) N

Air Conditioning Y/N Y

Heating Y/N Y

Fireplace Y/N N

Electric On Property Y/N N

Exterior

Parking Features Other

Lot Features AdjacentToPublicLand CityLot

Water Source Public

Lot Size Area 3.0

Foundation Details Slab

Spa N

Building Area Total 5000.0

Lot Dimensions 200' x 500'

Lot Size Acres 3.0

Frontage Length 240

Road Frontage Type MainThoroughfare

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Internal Only

Street Number 1 16727

* Excluded Features

List By

Crd Real Estate & Development

Broker

hcicioni@crdred.com

Affordability Calculator

$5,574

Per Month

Monthly Principal & Interest: $5,251
Monthly Property Taxes: $323
Monthly Home Insurance: --

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Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Garfield, AR

Average List Price ^$943,000

Percent of Sale Price 19%

About Garfield, AR

538 Population

9% Since 2002

^$52,622 Median Income

42.81 Median Age

28% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

1764983 Elementary School

1764794 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/24/2024	$790,000	-4.24%	Price Down
4/10/2024	$825,000		Listed Price

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16727 Highway 62, Garfield, AR, 72732 is a Commercial Property for sale at $790,000 with 5,000 sqft and a lot size of 3. 16727 Highway 62 is a studio with 0.0 baths and was built in 2017. The property's zip code is 72732 which is in Garfield, AR

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of The Broker Reciprocity (sm) Program of Northwest Arkansas Board of REALTORS® MLS

The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 6/10/2024.

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16727 Highway 62

Commercial Property for sale in Garfield, AR

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