Address
401 E 3rd St, Texarkana, AR
Price
$ 715,000
Property Attributes
- MLS#205703
- TypeCommercial
- Listing Status Active
- CountyMILLER
- CityTexarkana
- AreaA04B
- NeighborhoodOriginal City
- Zip71854
- StyleCommercial
- Year Built1925
- Taxes$ 1659
- Price$ 715,000
- Bedrooms0
- Full Bathrooms3
- Half Bathrooms0
- Sqr Footage11200
- Lot Size0.31 Acres
Data Source:
Texarkana MLS (TXMLS)
Property Description
Rare opportunity to own a historic, income-producing commercial property in the heart of the Texarkana Entertainment District, one of the city's premier destinations for dining, nightlife, retail, events, and downtown revitalization. Offered at $715,000, this value-add investment combines immediate cash flow with exceptional upside, currently generating approximately $60,000 in annual income while 62% occupied. Based on estimated market rents, the property offers a projected pro forma annual income of $91,056 and an attractive 11.8% estimated pro forma cap rate, compared to its current 6.75% cap rate, creating an outstanding opportunity for investors. Originally constructed between 1925 and 1930, this historic property offers approximately 13,981 square feet, including 11,200 heated square feet, on 0.31 acres with approximately 138 feet of frontage on E. 3rd Street and 100 feet on Hazel Street. The flexible floor plan currently accommodates a CrossFit gym, event venue, office space, and occasional photography studio rentals, with potential for retail, restaurant, brewery, entertainment, creative office, fitness, mixed-use, or additional income-producing tenants. The existing tenant is on a one-year lease and has expressed interest in renewing, while the remaining vacant space provides an excellent lease-up opportunity. Recent capital improvements include a new metal roof (2023), new drainage gutter systems, updated electrical, three new 5-ton HVAC units, three remodeled restrooms with all-new plumbing, and new doors. Approximately 5–10 dedicated parking spaces serve the building, with abundant public parking across the street and additional parking available adjacent to the property as permitted by Commercial National Bank. Strategically located just minutes from the Texas state line, this property sits in the center of the Texarkana Entertainment District, placing tenants and customers within walking distance of restaurants & the momentum of downtown redevelopment.
| Price History | |
|---|---|
| 8/2/2026 | Listed $715,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Central |
| Cooling | Central Air |
| Possession | Close Of Escrow |
| Roof | Metal |
| Construction Materials | Brick |
| Year Built | 1925 |
| Electric | Electric - AEP Swepco |
| Stories Count | 1 |
| Levels | One |
| Property Subtype | Commercial |
| Current Use | Crossfit Gym/ Event Venue Center |
| Parcel Number | 1012400/1012401 |
| Gross Income | 60000 |
| Accessibility | Meets Wheelchair Requirements |
| County | Miller |
| New Construction | No |
| Property Type | Commercial Sale |
| HOA | No |
| Attached Garage | No |
| Subdivision Name | Original City |
| Garage Y/N | No |
| Total Rooms | 3 |
| Status | Active |
| Directions | Texarkana,AR,71854 Leave from Beech St 0.4 mi,about 2 min Turn right onto E 3rd St 0.2 mi,about 1 min You have arrived at E 3rd St. Your destination is on the right 401 E 3rd St,Texarkana,AR 71854 |
| City | Texarkana |
| Disclosures | Owner Disclosure,Paint Disclosure |
| Senior Community Y/N | No |
| High School District | Texarkana AR |
| Zoning Description | Commercial |
| Number Of Units Total | 3 |
| MLS Area | A04B |
| Lot Size Units | Square Feet |
| Lot Size Square Feet | 13503.6 |
| Carport Y/N | No |
| Property Attached Y/N | No |
| Tax Annual Amount | 1659 |
| Home Warranty Y/N | No |
| Concessions | No |
| Lease Considered Y/N | No |
| Virtual Tour | https://tour.usamls.net/401-E-3rd-St-Texarkana-AR-71854/unbranded |
| Building Area Units | Square Feet |
| Living Area Units | Square Feet |
| Standard Status | Active |
| Middle/Junior School District | Texarkana AR |
| Elementary School District | Texarkana AR |
| Tax Lot | PT 005/006 |
| Legal Description | PT of Lot 5 and Lot 6,Block 54 of Original City Addition 30-15-28 |
| Unit | 301 Hazel St |
| Freehold | BBO,IDX |
Interior Features
| Interior Amenities | Ceiling Fan(s),Smart Thermostat |
|---|---|
| Flooring | Concrete |
| Basement (Y/N) | No |
| Air Conditioning Y/N | Yes |
| Heating Y/N | Yes |
| Fireplace Y/N | No |
| Total Baths | 3 |
Exterior Features
| Parking Features | Other,See Remarks |
|---|---|
| Lot Features | Corner Lot |
| Water Source | Public |
| Lot Size Area | 13503.6 |
| Foundation Details | Slab |
| Spa | No |
| Building Area Total | 11200 |
| Lot Size Acres | 0.31 |
| Road Surface Type | Asphalt |
| Frontage Length | +/-138ft |
| Waterfront Y/N | No |
| Road Frontage Type | City Street |
| Horse Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 71854
Price
Taxes
Year Built
Visits
Cooperative Arkansas REALTORS®l MLS, Inc. All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may
© 2026 Texarkana Board of Realtors All rights reserved. Information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program. Real estate listings held by brokerage firms other than REMAX Preferred are marked with the BR logo and detailed information about them includes the name of the listing brokers. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. Information
Longview Association of Realtors® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested
