NO QUALIFY- OWNER CARRY... The Historic SAM NELSON building is a single user, fair condition, classic, turn of the century business Icon. The building has been used as a longstanding furniture showroom and storage facility. The SAM NELSON building represents the largest available space on the most active intersection at Historic Arkansas Riverwalk and Union Ave....The building is 50 x 110 - a basement and two floors. Each floor contains 5500sf plus a 1000sf mezzanine. Total indoor footage including basement = 17,500 square feet. Additionally there are 5 parking spaces or open patio space at the back entrance which provides another 1500sf of usable space. The back entry is the second front with public parking access and a common thoroughfare to the adjacent businesses and steps from the Riverwalk. Forced air heat with central Evaporative cooling is in place and the heating has been upgraded. The roof is in good condition and has been resurfaced as an annual maintenance program. The front portion of the upper floor was historically used as an apartment and is assumed to be a grandfathered use, as is the meeting hall and the office/mercantile uses in the balance of space. There is one bathroom at each floor. The SAM NELSON building in its existing condition provides an immediate opportunity for the buyer/user that would like to be part of the Historic Union Avenue - Arkansas Riverwalk Renaissance. The current sales price is based on $49 psf or $585,000. Seller will entertain purchase financing at 12%down - 6.75% interest - 3 years = $2788/mo.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
