240 George St

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240 George St

Mount Ida, AR 71957
Asking Price
$110K
Asset Type
Medical Office Mixed-use
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Mixed-use asset spanning 1,968 square feet in Mount Ida.
  • Offered for sale at a list price of $110,000.
  • Current configuration is suited for medical office operations.
  • Located along George Street providing consistent local visibility.
  • Positioned within the accessible and growing Montgomery County submarket.

What's Special

Priced at $110,000, this 1,968-square-foot mixed-use property at 240 George St in Mount Ida, Arkansas, presents a functional asset for investors or owner-occupants. The building currently serves as a medical office, providing a versatile layout suitable for professional services, healthcare operations, or potential residential conversion depending on local municipal requirements. Its positioning within the city offers proximity to local community hubs and essential infrastructure, benefitting from the steady economic environment found in Montgomery County. Mount Ida acts as a gateway to regional outdoor tourism and serves a localized base of residents and businesses. The building's high visibility along George Street enhances its utility for those seeking a central location with consistent exposure. Prospective buyers may consider this site for clinical practices, private offices, or adaptive reuse projects that align with the town's existing commercial landscape. The manageable square footage allows for straightforward capital improvements or immediate occupancy for small-scale business needs.

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NOI
$80,000
Cap Rate
72.73%
DSCR
12.25
Strong
Cash-on-Cash
222.63%
Monthly Payment
$544.22
Annual Cash Flow
$73,469.36

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