Forrest City Arkansas Commercial Building

This auction will take place from June 8, 2022 at 2:00 PM to June 15, 2022 at 6:05 PM. Location: https:///Cain-Auctions/Commercial-Real-Estate/event-catalog/222682.The property being offered at auction is a 3,692 square foot commercial building located at 173 Lamar Street in Forrest City, Arkansas. The building was built in 1971 and has eight leasable spaces. The individual spaces range in size from 576 sq. ft. feet to 288 sq. ft. All spaces are all currently leased on a monthly basis with monthly gross rents of $1,638.00. The monthly gross expenses are $410.58 for net monthly rents of $1,227.42. The rental amounts are on a monthly basis and not guaranteed by the seller or National Land Realty. A full rent roll is available upon request. The property also has a billboard on the north end that generates annual rental of $400. The property currently has annual income of $15,129 for...