501 SW 1st Avenue Gravette, AR ^$ 280,000

501 SW 1st Avenue

^$ 280,000

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501 SW 1st Avenue

Gravette, AR, 72736

^$ 280,000

Studio Baths0.0 Sq 1,908

Monthly Estimate*

^$ 1,956

501 SW 1st Avenue, Gravette, AR 72736 - Image 1

501 SW 1st Avenue, Gravette, AR 72736 - Image 2

501 SW 1st Avenue, Gravette, AR 72736 - Image 3

501 SW 1st Avenue, Gravette, AR 72736 - Image 4

501 SW 1st Avenue, Gravette, AR 72736 - Image 5

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Studio

Commercial Property for sale in Gravette, AR

for $280,000. This 1,908 square foot building was built in 1999 on a lot size of 0.57.

Fully functioning restaurant with grease trap located offering major road frontage and high traffic count! All utilities on site. Studio apartment located in the back of the building. Also listed ML #: 1240168

Commercial Active

Price

^$ 280,000

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

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 527

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.

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

Lot Size Units Acres

Road Frontage Type MainThoroughfare

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

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

Internal Only

Street Number 1 501

* Excluded Features

List By

The Brandon Group

Broker

brooklyn@tbgnwa.com

Affordability Calculator

$2,078

Per Month

Monthly Principal & Interest: $1,956
Monthly Property Taxes: $122
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% 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 Gravette, AR

Average List Price ^$1,684,077

Percent of Sale Price 501%

About Gravette, AR

3,293 Population

40% Since 2002

^$44,765 Median Income

37.12 Median Age

34% 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
5/16/2023	$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 $280,000 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

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% 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 4/30/2024.

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501 SW 1st Avenue

Commercial Property for sale in Gravette, AR

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