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Vacant-User

$1 Auction | Former Dollar General – Lake Village

723 S Hwy 65, Lake Village, AR 71653

Listing Price: $1

Gross SF
8,028
Rentable SF
8,028
Lot Size
1.04 acres
Year Built
1998

Investment Overview

Register to Bid and Access Due Diligence Documents on RI Marketplace Marcus & Millichap and RI Marketplace are pleased to present a vacant, free-standing, retail building located at 723 S Highway 65 Lake Village, Chicot County, Arkansas (the “Property”). The Property is offered significantly below replacement cost and offers an exceptional owner/user or investment opportunity with significant value enhancement potential at a significant discount. The Property is comprised of a one-story, free-standing building totaling ±8,028 square feet. Positioned on ±1.044 acres of land (±45,487 SF), the Property offers abundant parking with 25 surface spaces and access to the site is provided via one ingress/egress curb cuts located along the east side of S Highway 65. The Property was formerly occupied by Dollar General on a triple net lease at a rental rate of $45,705.72 per year ($5.69/SF) and offers potential investors the ability to acquire a free-standing retail building with significant value add through long term lease up, adaptive reuse, or repositioning. Built in 1998, the improvements are typical to the mid 90s Dollar General store designs and consist of a pre-engineered metal building with brick façade, a flat roof, an asphalt parking lot and easy to maintain landscaping. The Property is zoned “B-3” General Commercial District and offers favorable flexible zoning allowing for a variety of uses. The “B-3” General Commercial District district’s intent is to provide for general and heavy retail trade, service, and business uses which cater to the needs of the entire City, as well as the region. The Property is located in the City of Lake Village, Arkansas in the extreme southeastern part of the state in Chicot County. While Lake Village is the smallest incorporated town, by square miles, in the county, it has served as the county seat since 1857. The hub of commercial activity for Chicot County, Lake Village prides itself on its rich agricultural background. This former Dollar General is positioned on a main commercial corridor adjacent to an O’Reilly Auto Parts store and the neighborhood is developed with residential development, numerous retail sites, offices, and light industrial. The Property offers easy access with direct frontage on U.S. Route 65, one of the primary traffic carriers for the area with ±8,100 vehicles passing the site daily and a north–south United States highway that runs northeast approximately 90 miles into Little Rock, Arkansas. The Property serves an expanded 10-mile trade area with ±5,288 individuals with an AHHI of ±$62,369.

Investment Highlights

  • 8,028 SF Former Dollar General Available at Significant Discount Below Replacement Cost
  • Located Adjacent to O'Reilly Auto Parts within Center of Town on a Main Commercial Corridor
  • Excellent Visibility along Highway 278/65 with Traffic Counts of 9,100 VPD
  • Built in 1998 and Suitable for a Variety of General Commercial Uses
  • Absolute $1 Auction – First Bid Meets Reserve

Exclusively Listed By

Broker of Record

  • Anne Williams

    First Vice President Investments

    (901) 620-3600

    License(s) AR: PB00066390

    Arkansas

Vacant-User

$1 Auction | Former Dollar General – Lake Village

Listing Price: $1

Gross SF
8,028
Rentable SF
8,028
Lot Size
1.04 acres
Year Built
1998

Investment Highlights

  • 8,028 SF Former Dollar General Available at Significant Discount Below Replacement Cost
  • Located Adjacent to O'Reilly Auto Parts within Center of Town on a Main Commercial Corridor
  • Excellent Visibility along Highway 278/65 with Traffic Counts of 9,100 VPD
  • Built in 1998 and Suitable for a Variety of General Commercial Uses
  • Absolute $1 Auction – First Bid Meets Reserve

Investment Overview

Register to Bid and Access Due Diligence Documents on RI Marketplace Marcus & Millichap and RI Marketplace are pleased to present a vacant, free-standing, retail building located at 723 S Highway 65 Lake Village, Chicot County, Arkansas (the “Property”). The Property is offered significantly below replacement cost and offers an exceptional owner/user or investment opportunity with significant value enhancement potential at a significant discount. The Property is comprised of a one-story, free-standing building totaling ±8,028 square feet. Positioned on ±1.044 acres of land (±45,487 SF), the Property offers abundant parking with 25 surface spaces and access to the site is provided via one ingress/egress curb cuts located along the east side of S Highway 65. The Property was formerly occupied by Dollar General on a triple net lease at a rental rate of $45,705.72 per year ($5.69/SF) and offers potential investors the ability to acquire a free-standing retail building with significant value add through long term lease up, adaptive reuse, or repositioning. Built in 1998, the improvements are typical to the mid 90s Dollar General store designs and consist of a pre-engineered metal building with brick façade, a flat roof, an asphalt parking lot and easy to maintain landscaping. The Property is zoned “B-3” General Commercial District and offers favorable flexible zoning allowing for a variety of uses. The “B-3” General Commercial District district’s intent is to provide for general and heavy retail trade, service, and business uses which cater to the needs of the entire City, as well as the region. The Property is located in the City of Lake Village, Arkansas in the extreme southeastern part of the state in Chicot County. While Lake Village is the smallest incorporated town, by square miles, in the county, it has served as the county seat since 1857. The hub of commercial activity for Chicot County, Lake Village prides itself on its rich agricultural background. This former Dollar General is positioned on a main commercial corridor adjacent to an O’Reilly Auto Parts store and the neighborhood is developed with residential development, numerous retail sites, offices, and light industrial. The Property offers easy access with direct frontage on U.S. Route 65, one of the primary traffic carriers for the area with ±8,100 vehicles passing the site daily and a north–south United States highway that runs northeast approximately 90 miles into Little Rock, Arkansas. The Property serves an expanded 10-mile trade area with ±5,288 individuals with an AHHI of ±$62,369.

Exclusively Listed By

Broker of Record

  • Anne Williams

    First Vice President Investments

    (901) 620-3600

    License(s): AR: PB00066390

    Arkansas

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