Remodeled Commercial Building with
111 W Bean Street Lincoln, AR 72744
111 W Bean Street, Lincoln, AR, 72744
$625,000
For Sale
$625,000
COMMERCIAL - Lincoln, AR
Property Size4,230 SF
Price / SF$147.75
Days on Market97
Property Features for 111 W Bean Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 790-18229-000
- Size
- 4,230 SF
Taxes and HOA fees
- Tax Description
- LOTS 5 & 6 OF BLOCK 8
- Tax Annual Amount
- 2022
Building Details
- Year built
- 1930
Listing agency
Steve Fineberg & Associates
(479) 271-4161
Listed by
Brennan Sharpe · License #SA00084262
(479) 530-3774
Added: Apr 17 Updated: Jul 7 at 10:34AM Checked: Jul 22 at 12:06PM
MLS# 1343088
Copyright © 2026 ArkansasONE MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 4,230 sqft commercial building is located on the city square in Lincoln, Arkansas. The property was completely renovated in 2022, with a redesigned interior and enhanced infrastructure. The building blends character with modern functionality. It is currently occupied by an established Mexican restaurant, and includes a vent hood and walk-in cooler. The current tenant occupies the space until May 31, 2027. Other properties at 113 & 117-119 W Bean St are also available for sale.
Key Highlights
- Fully remodeled in 2022 with redesigned interior and enhanced infrastructure.
- Built‑in income potential with an established Mexican restaurant (La Villa) as a tenant.
- Located on the Lincoln city square.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $76.1k | $18.00 |
| − Vacancy | −$5.0k | −$1.19 |
| EGI | $71.1k | $16.81 |
| − OpEx | −$17.8k | −$4.20 |
| NOI | $53.3k | $12.61 |
4,230 SF · lease $18.00/SF/yr · vacancy 6.60% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$761.9K
$666.7K – $888.9K
NOI $53,336 @ 7.0% cap · market cap 8.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.14M
$993.5K – $1.32M
NOI $79,478 @ 7.0% cap · market cap 12.72%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
La Villa Mexican ...
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - 4,230 sqft building in Lincoln, AR with income potential.
Where is this conventional restaurant located?
The property is located at 111 W Bean Street Lincoln, AR.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Fully remodeled in 2022 with redesigned interior and enhanced infrastructure.; Built‑in income potential with an established Mexican restaurant (La Villa) as a tenant.; Located on the Lincoln city square.
