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450 College St, Newark, AR, 72562

1beds
1baths
19,484sqft
$59,900
$3price/sqft
$1,795/moest. monthly cost
$71,800/yrincome needed

About This Home

Historic Newark Old School with Gym, Shop & Apartment - Newark, AR Welcome to a truly one-of-a-kind property in the heart of Newark, Arkansas - the historic Newark Old School. Filled with character, memories, and endless possibilities, this unique property offers a rare opportunity to own a piece of local history while creating something entirely your own. For generations, this school served as a gathering place for the community, and many will remember the countless games, events, and memories made inside the old gymnasium. Today, the property remains full of potential with large open spaces, the original gym, and a shop building that includes a built-in apartment, making it ideal for residential, commercial, storage, event space, or investment opportunities. Property Highlights:Historic former Newark school property (19,484 +/- square foot) Original gymnasium full of local history and character 3,528 +/- square feet shop building Apartment located inside the shop Endless possibilities for residential, commercial, or recreational use Spacious layout with multiple functional areas Unique investment opportunity Located in the heart of Newark Priced at only $59,900 Location & Convenience: Enjoy small-town living while remaining conveniently close to nearby amenities: Located in Newark, Arkansas Short drive to Batesville and Newport Easy access to schools, shopping, and dining Convenient location with highway access nearby Situated in a community rich with local history and pride Outdoor Recreation & Lifestyle: Newark and Independence County offer excellent opportunities for outdoor recreation and country living: Nearby White River access for fishing and boating Close to hunting, hiking, and outdoor activities Enjoy small-town community events and local traditions Plenty of room for hobbies, storage, workshops, or future projects Why This Property Stands Out: Properties like this rarely come available. Whether you envision transforming the space into a residence, business, event venue, workshop, storage facility, or investment property, the Newark Old School offers unmatched character and potential. The combination of the historic gym, shop with apartment, and deep community roots creates an opportunity that simply cannot be replicated. Proudly listed with Mossy Oak Properties Selling Arkansas - Southside Branch, . Call or text Listing Agent and Local Land Specialist, at for a tour or more information. Equal Housing Opportunity. Experience the Mossy Oak Properties Difference: At Mossy Oak Properties Selling Arkansas Southside, we believe every client deserves exceptional service and a welcoming experience. Whether you visit our office or schedule a private appointment, you'll be met by a knowledgeable, professional team dedicated to helping you navigate every step of the buying or selling process. For clients who prefer a more private setting, we are happy to meet at our conference table and connect you with trusted lending professionals who can assist with financing for residential homes, farms, recreational properties, or investment opportunities. We offer flexible scheduling to accommodate your busy lifestyle and are committed to being available when you need us most. To schedule an appointment, call or stop by our office at 1187 Batesville Blvd, Southside, Arkansas.

Getting Around

32
WalkingCar-Dependent
0
TransitVery Limited Transit
29
BikeSomewhat Bikeable

Schools

6/10
Newark Elementary SchoolGrades K-51.2 mi
5/10
Cedar Ridge High SchoolGrades 6-121.3 mi

Construction

Type & Style

  • Home type: SingleFamily
  • Property subType: Other

Interior

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 1
  • Full bathrooms: 1

Interior Area

  • Total structure area: 19,484
  • Total interior livable area: 19,484 sqft

Property

Lot

  • Lot size: 1.43 Acres

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Ice Storm
    Ice StormVery High
  • Tornado
    TornadoVery High
  • Cold Wave
    Cold WaveRelatively High
  • Earthquake
    EarthquakeRelatively High
  • Heat Wave
    Heat WaveRelatively High
  • Lightning
    LightningRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Drought
    DroughtModerate
  • Hail
    HailModerate
  • Inland Flooding
    Inland FloodingModerate

How This Home’s Risks Compare

Ice Storm
Tornado
Cold Wave
Earthquake
Heat Wave
Lightning
Winter Weather
Drought
Hail
Inland Flooding

FEMA Declared Disasters Across Arkansas Counties

Flood
Severe Storm
Tornado
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $302$3,624
Home Insurance $57$684
Property Taxes $25$300
Electricity $1,411$16,932
Total$1,795$21,540

Income You'd Need if You Spent...

35% on housing$61,542/yr
40% on housing$53,850/yr
45% on housing$47,866/yr

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 10.8%
10.8%
0%30.0%
Electricity Growth Rate10-year average: 4.3%
4.3%
0%15.0%
Property Taxes Growth Rate2-year average: 10.7%
10.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$3This listing

vs Other Active Listings

Avg $/sqft

ZIP 72562$110
Independence County$143

vs Homes Sold Last Month

Median $/sqft

ZIP 72562$107
Independence County$110

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-06-04Listed for sale$59,900

For Sale by Agent

AgentSarah Perkins
BrokerageMossy Oak Properties Selling Arkansas

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