Commercial space, Hackett residence top Sebastian County property deals in October

The acquisition of retail space in the growing commercial area between Interstate 540 and Phoenix Avenue in Fort Smith, and west of Academy Sports, was the largest Sebastian County property deal in October.

According to information from the office of Sebastian County Assessor Zach Johnson, Bakersfield, Calif.-based RTS Orchards LLC sold property at 4601-4605 Phoenix Ave., to Fort Smiith-based Springfield Real Estate LLC for $2.85 million. The deal closed Oct. 6.

The commercial area includes a Starbuck’s, Newk’s Eatery, and the Fort Smith ER and Hospital.

The second largest deal was for residential property in Hackett. Justin and Mandi Williams sold the property to Jamie and Jeffrey Powers in a $1.235 million deal that closed Oct. 5.

The top 10 Sebastian County property deals in October had a combined deal value of $9.292 million.

The largest deal so far in 2023 is the $5.7 million sale of Southbrooke apartments on 8201 U.S. 271 S., in Fort Smith. The complex was sold by Dallas-based FS Southbrooke to Fort Smith-based Southbrooke Fort Smith in deal that closed April 6. The new owners plans to renovate the 129-unit apartment complex.

A $20.387 million sale of the new Veterans Affairs Clinic in Fort Smith and associated property was the largest Sebastian County property deal in 2022. The deal closed Sept. 8. The 49,500-square-foot VA Clinic, located at 5700 Phoenix Ave., was completed in early 2021, with the building permit valued at $15.7 million.

Following are the top 10 October transactions in Sebastian County, according to the Assessor’s office. The list is comprised from deed transfers that include the sale price.

OCTOBER SALES
Transaction amount: $2.85 million
Seller: RTS Orchards LLC
Buyer: Springfield Real Estate LLC
Sale Date: October 6
Address: 4601-4605 Phoenix Ave., Fort Smith
Description: Commercial

Transaction amount: $1.235 million
Seller: Justin and Mandi Williams
Buyer: Jamie and Jeffrey Powers
Sale Date: October 5
Address: Hackett
Description: Residential-home

Transaction amount: $940,000
Seller: Crouch Entity
Buyer: Recreational Endeavors Inc.
Sale Date: October 16
Address: McKinley Ave., Fort Smith (lot address not identified)
Description: Commercial

Transaction amount: $799,000
Seller: Carrington Creek Holdings
Buyer: Jerry and Marisu Family Trust
Sale Date: October 10
Address: Fort Smith
Description: Residential-home

Transaction amount: $719,900
Seller: Zachary and Margaret Kelch, Brett Spicer
Buyer: Karl and Megan Hemerlein
Sale Date: October 2
Address: Greenwood
Description: Residential-home

Transaction amount: $700,000
Seller: Norris Brooks Farms LLC
Buyer: Bobby and Paulette Raggio
Sale Date: October 4
Address: Fort Smith
Description: Residential-home

Transaction amount: $595,000
Seller: Eugene and Martha Kuykendall
Buyer: Gaylene and Ronald Calhoun
Sale Date: October 3
Address: Fort Smith
Description: Residential-home

Transaction amount: $535,000
Seller: McFarland Properties LLC
Buyer: 4300 Grand Ave., LLC
Sale Date: October 4
Address: 4300 Grand Ave., Fort Smith
Description: Commercial

Transaction amount: $479,000
Seller: August and Catherine Khilling
Buyer: Billy and Deborah Moody
Sale Date: October 10
Address: Fort Smith
Description: Residential-home

Transaction amount: $450,000
Seller: ATGDTM LLC
Buyer: Matthew Connors and Parschal Caballero
Sale Date: October 11
Address: Greenwood
Description: Residential-home