523 Garrison Ave | Fort Smith, AR 72901
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- LoopNet Team
523 Garrison Ave
Fort Smith, AR 72901
Historic Hotel and Office with Upside · Office Property For Sale
INVESTMENT HIGHLIGHTS
- Rare opportunity to acquire a 72,000+ SF former hotel and office asset primely positioned in the heart of downtown Fort Smith, Arkansas.
- Offering comprises a 72,000+ SF, 11-story office building on 0.34 acres with an additional 5 parcels (1 acre) being leased for parking.
- Fort Smith is a rapidly growing city and the second-largest city in Arkansas, fueled by manufacturing, retail trade, and education & health services.
- Strong and highly walkable location on the corner of N 6th Street and Garrison Avenue, the primary thoroughfare and retail corridor for Fort Smith.
- Property is listed w/ the United States National Register of Historic Places as a contributing building to the West Garrison Avenue Historic District.
- The $750M Lockheed Martin training facility at Ebbing Air National Guard Base will bring new jobs to the area and help support F-16 training.
PROPERTY FACTS
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Office
Building Size
72,799 SF
Building Class
C
Year Built
1928
Percent Leased
Vacant
Tenancy
Multiple
Building Height
11 Stories
Typical Floor Size
6,618 SF
Slab To Slab
10’
Building FAR
4.92
Lot Size
0.34 AC
Parcel Number
11317-0012-00024-00
Zoning
C-6
Parking
144 Spaces (1.98 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
- Signage
- Air Conditioning
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
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STREET
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