115 E Broadway St - Freestanding FOR SALE


West Memphis, AR 72301
$599,900 USD
870-732-2217
115 E Broadway St, West Memphis, AR for Sale
$599,900 USD
Freestanding - FOR SALE
1/19
null | Request Cap Rate

115 E Broadway St
West Memphis, AR 72301


HIGHLIGHTS

  • Prime Location: Centrally located with high foot traffic. Versatile Space: Flexible layout suitable for various business types.
  • Historic Charm: Unique character and architectural details. Ample Parking: Convenient parking options for customers.
  • High Visibility: Prominent street frontage on a bustling thoroughfare. Event Venue Potential: Ideal for events, gatherings, and special occasions.

OVERVIEW

Potential for Redevelopment: Ideal for buyers looking to renovate or repurpose the space. Short-Term Lease Options Available.: The current lease is flexible with short-term options, making it ideal for buyers looking for immediate opportunities or transitional space. Discover the historic Wonder City Cafeteria, originally opened in 1937 and a community staple for decades. Located in the Broadway Building at the corner of Missouri Street and Broadway since 1940, this 8000 sq ft venue offers a blend of historic charm and modern versatility. Purchased by Cane Holding in 2021, the building has been revitalized and used primarily as a venue for weddings, anniversaries, birthday celebrations, and other special events. Their commitment to preserving the building's legacy while updating it for modern use is evident in several recent upgrades. Key Features are• Size: 8000 sq ft of flexible space• Rooms: Multiple rooms, including four baths and a fully equipped kitchen. • Architectural Charm: Unique historic details preserved through Recent Upgrades' New HVAC system installed in 2021. Interior and exterior painting. Updates inside of the building. Built stage for events. Updated parking lot. Versatile Uses. Event Venue: Ideal for weddings, corporate events, and special occasions• Office Space: Potential for conversion into office spaces or co-working environment. • Retail or Restaurant: Perfect for establishing a retail store or a trendy restaurant, Historic Legacy: Community Favorite: Known for its delicious home-cooked meals and welcoming atmosphere. • Culinary Heritage: Famous for finger-licking fried chicken, mile-high homemade meringue pies, and barbecue •Memorable Spot: Cherished for Sunday brunches and family gatherings. • Prime Location: Situated in a vibrant community with local attractions • Economic Growth: Surrounded by ongoing and planned developments, enhancing investment potential Investment Potential • This property is 50% occupied and income producing.

FOR SALE DETAILS

PRICE

$599,900 USD

PRICE/SF

$75 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront Retail/Office, Office Live/Work Unit

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1952

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

Commercial

APN/PARCEL ID

365-000000-000

ASK ABOUT THIS PROPERTY

Thula ThomasAll Seasons Realty, LLCMore Info
870-732-2217

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Thula ThomasAll Seasons Realty, LLCMore Info
870-732-2217

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.