604–610 E. Kings Hwy, Paragould, AR

Description

📢 Investment Opportunity — 604–610 E. Kings Hwy, Paragould, AR Listed on behalf of our client by Rhino Management LLC Mixed-use on the US-412 corridor with 3 retail bays + 9 residential/office units. Upstairs is a full stud-out remodel (new MC electrical, PEX plumbing, HVAC, insulation, drywall, kitchens/baths, low-E windows, lifetime flooring, 2-hr firewalls). Fire-rated doors installed; plumbing & countertops targeted by Sept 10. Directly across from Labor Park (skate park, splash pad, courts, gym) with strong visibility/traffic. Asking: $1,800,000 Stabilized NOI (est.): $139.6k–$144.1k/yr → ~7.8%–8.0% cap at ask Story: In-place income today with clear upside as remaining 1BRs lease; additional lift from ATM and projected coin-laundry once full. Why investors like it • Diversified cash flow: retail + residential/office (+ ancillary income) • Heavy de-risking via modern systems & code upgrades • Visibility on E. Kings Hwy (US-412) near daily needs retail and recreation • Upside at renewal: potential to convert retail to NNN (or base-year stop) to pass through Taxes/Insurance/CAM Financing: Conventional purchase or owner financing may be considered under the right terms. 📩 Comment DM me for the rent roll, pro-forma, and a private Video tour. #RealEstate #Investing #CommercialRealEstate #MixedUse #Multifamily #ArkansasRealEstate #CashFlow #Paragould #RhinoManagement