$1,025,000
$1,025,000
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8,955 SqFt
SOLD DATE : 11/06/2020
Key Details
Sold Price $1,025,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
Square Footage 8,955 sqft
Price per Sqft $114
MLS Listing ID 1155150
Sold Date 11/06/20
Construction Status Resale (less than 25 years old)
HOA Y/N No
Year Built 1997
Annual Tax Amount $4,333
Lot Size 0.480 Acres
Acres 0.48
Property Description
2 Modern office buildings with 10 separate units. Great investment opportunity for any business needing office space and tired of renting--Use the office that fits your needs and create income from leasing the other units. Centrally located just off exit 78---- easy access to I-49. Offices in Parkwood 101 range from 168-1300 SQ/FT - 4 of 6 offices are currently leased with unit F occupied by the property manager. The Parkwood 113 offices range from 660-1700 SQ/FT - 3 of 4 offices are currently leased. Photos are from currently vacant office spaces and property managers office- Similar finishes in the tenant occupied offices. Parkwood 113 has new permanent roof coating applied June 2109 10Yr transferrable Warranty. Fully occupied rental income for both buildings is $10,140/Month or $121,680/Year.
Sale of both buildings is preferred as irrigation, signage and trash for both buildings is combined. Separate sale of buildings may need city approval. Parkwood 101 MLS#1155142 & Parkwood 113 MLS# 1155148.
Location
State AR
County Benton
Zoning N
Direction 1 Block West of 71-B & Hwy 246 W in Lowell
Interior
Heating Central, Gas
Cooling Central Air, Electric
Flooring Carpet, Ceramic Tile, Laminate
Appliance Gas Water Heater
Exterior
Utilities Available Electricity Available, Natural Gas Available, Sewer Available, Water Available
Present Use Office
Total Parking Spaces 30
Building
Lot Description Business Park, Corner Lot, Industrial Park
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type Brick
Construction Status Resale (less than 25 years old)
Others
Special Listing Condition None
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4762 N Castlewood Lane, Fayetteville, Arkansas, 72764, United States