Description

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Income producing property! Currently rented and tenant would like to stay for his lease term if possible. Located in the Center of Town this store front has been converted to include 400 square feet of private living quarters. Could easily be used as store front with residential space or reorganized as a monthly or nightly rental for cash flow. Large open floor plan with 400 sq feet of loft living space and two private deck/patio spaces with private parking and alley access for residents. Drop ceilings are approximately 10 feet high currently but could offer an additional 18-24 inches in height. Since purchase owner has made numerous updates to structure and mechanicals, newer TPO roof, new PEX plumbing throughout, installed a kitchen, upgraded to a full bathroom, repaired/replaced the two large display windows with a view of downtown Thayer. Situated across from the Senior Center increases the marketability as a rental and the convenience of a private home. Investors – look into the possibility of splitting space to rent as retail/office in front and apartment in the back! A short walk to the City Park on the Warm Fork of the Spring River in Thayer and just a few minutes drive from the Arkansas border and Grand Gulf State Park, Mammoth Spring State Park and the Spring River.

Directions: From the intersection of Hwy 63 and 142/Walnut in Thayer go West on Walnut. Right on Front Street. Left on Chestnut. 4th door on the left. Sign in window.

MLS #:  60193170