26,858 Sq. Feet

823 Garrison Ave.

For Purchase

 

The Ivory House Lofts

Purchase Price: $2,175,000

CAP Rate: 9.1%

Gross Income: $198,000

Gross Leaseable Area: 26,858 SF

Lot Size: 0.72 AC

Year Built: 1981

Year Renovated: 2010

 

Property Description

Recently remodeled mixed use investment opportunity in the heart of downtown Fort Smith. Property is currently 100% Leased. Property includes 4,620 SF restaurant with full kitchen and prep. Area. Also on the first floor, there is a 3,000 SF office space with reception area, 4 offices, conference room, break room, 2 restrooms, a shower, and storage area. Second and third floors are residential loft apartments. 14 one and two bedrooms with washer/dryer and full kitchens.

 

Property Highlights

100% Occupied

4,620 SF Restaurant

3,000 SF Office Space

14 Loft Apartments

2,700 SF Annex Building

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