501 SW 1st Avenue Gravette, AR $ 199,000
501 SW 1st Avenue
$ 199,000
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501 SW 1st Avenue

Gravette, AR, 72736
$ 199,000
Baths0.0 Sq 1,908

Monthly Estimate*

$ 1,323

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Studio

Commercial Property for sale in Gravette, AR

for $199,000. This 1,908 square foot building was built in 1999 on a lot size of 0.57.

Quaint hometown diner fully equipped with a grease trap and ventilation system offering major road frontage and high traffic count offers you a jumpstart on opening that restaurant you’ve always dreamed about!  Asking price includes all furniture and fixtures and equipment on site. This high-traffic location would also be prime retail or office space as well. All utilities are on site. Studio apartment located in the back of the building complete with a 3/4 bath, and washer and dryer hookups.  The current layout of the building would also allow it to be split into two separate rentals. Lots of possibilities in an excellent location just 8 minutes from the interstate and just 20 minutes to booming downtown Bentonville. Motivated seller. Property and contents being sold as is where is. Also listed ML #: 1240168

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Commercial Active

Price

$ 199,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 1,467

Style

Restaurant

Lot Size

0.57

Year Built

1999

Town/City

Gravette

County/Region

Benton

MLS | Web ID

1231466

Features
General
Sewer PublicSewer
Heating Gas
Cooling CentralAir Electric
Utilities ElectricityAvailable NaturalGasAvailable PhoneAvailable SewerAvailable WaterAvailable
Roof Asphalt Shingle
Appliances GasWaterHeater
Zoning N
Security Features FireAlarm FireSprinklerSystem SmokeDetectors
Construction Materials Other SeeRemarks
Year Built 1999
Property SubType Business
Current Use Restaurant
Business Type ConvenienceStore Grocery Restaurant
County Benton
New Construction N
Property Type CommercialSale
HOA / Comm Assn N
Attached Garage N
Possible Use Office Restaurant Retail
Garage Y/N N
Building Features KitchenFacilities
Status Active
Directions From Hwy 72 South on 1st Ave. Property will be on the right.
City Gravette
View Y/N N
Senior Community Y/N N
Zoning Description Commercial
Lot Size Units Acres
Waterfront Y/N N
Carport Y/N N
Street Name 1st
Property Attached Y/N N
Year Built Details Resale (less than 25 years old)
Land Lease Y/N N
Tax Annual Amount 1467.0
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/501-SW-1st-Avenue-Gravette-AR-72736/unbranded
Days on Market 544
Standard Status Active
Tax Lot 1
Property Sub Type Additional Business
Legal Description ALL THAT PART OF LOT 1 BLOCK 1 BARNWELL'S ADDITION TO THE CITY OF GRAVETTE LYING WEST OF ARKANSAS STATE HIGHWAY 59 EXCEPT THE WEST 10 FEET OF THE NORTH 86 FEET THEREOF.
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Exterior
Parking Features ParkingLot
Lot Features CityLot
Water Source Public
Lot Size Area 0.57
Foundation Details Block
Spa N
Building Area Total 1908.0
Lot Size Acres 0.57
Road Frontage Type MainThoroughfare
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Street Suffix Avenue
Electric On Property Y/N N
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Internal Only
Street Number 1 501
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* Excluded Features
List By
The Brandon Group

Broker

brooklyn@tbgnwa.com

Email

Affordability Calculator

$1,445
Per Month
92%
8%
0%
Monthly Principal & Interest
$1,323
Monthly Property Taxes
$122
Monthly 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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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
1764983 Elementary School
1764794 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/11/2024$199,000 -28.93% Price Down
5/16/2023$280,000 -6.35% Price Down
10/20/2022$299,000 Listed Price

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501 SW 1st Avenue, Gravette, AR, 72736 is a Commercial Property for sale at $199,000 with 1,908 sqft and a lot size of 0.57. 501 SW 1st Avenue is a studio with 0.0 baths and was built in 1999. The property's zip code is 72736 which is in Gravette, AR