Redeveloped Retail Office Medical
113 W Bean Street Lincoln, AR 72744
113 W Bean Street, Lincoln, AR, 72744
$319,900
For Sale
$319,900
SINGLE_FAMILY - Lincoln, AR
Property Size2,285 SF
Price / SF$140
Days on Market98
Property Features for 113 W Bean Street
General Information
- Property type
- Residential
- Property subtype
- Retail
- Standard status
- Active
- APN
- 790-18230-000
- Size
- 2,285 SF
Taxes and HOA fees
- Tax Description
- /
- Tax Annual Amount
- 762
Building Details
- Year built
- 1910
Listing agency
Steve Fineberg & Associates
(479) 271-4161
Listed by
Brennan Sharpe · License #SA00084262
(479) 530-3774
Added: Apr 17 Updated: Jun 29 at 4:42PM Checked: Jul 23 at 2:06AM
MLS# 1343089
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 redesigned building offers 2,285 square feet of character-rich interior space designed for multiple commercial uses. The layout features a largely open floor plan with high ceilings and concrete floors, supporting a range of retail, office, and personal or medical services. Recent improvements include new electrical, HVAC, and TPO roofing, along with extensive cosmetic and infrastructure updates intended to modernize the building while preserving its classic character.
The property is located on the historic Lincoln city square. It is currently occupied by the existing tenant through 6/30/27. Additional listed options include 111 and 117-119 W Bean St, which are also available for sale.
For tenants, the combination of an open plan, durable concrete flooring, and modern mechanical and electrical systems can simplify buildout decisions for a variety of service formats. For buyers, the documented updates and the near-term in-place occupancy through mid-2027 may appeal to those seeking a ready-to-market, multi-use commercial property in a central setting.
The property is located on the historic Lincoln city square. It is currently occupied by the existing tenant through 6/30/27. Additional listed options include 111 and 117-119 W Bean St, which are also available for sale.
For tenants, the combination of an open plan, durable concrete flooring, and modern mechanical and electrical systems can simplify buildout decisions for a variety of service formats. For buyers, the documented updates and the near-term in-place occupancy through mid-2027 may appeal to those seeking a ready-to-market, multi-use commercial property in a central setting.
Key Highlights
- 1910 building redesigned to 2,285 SF with high ceilings and concrete floors
- New electrical, HVAC, and TPO roofing installed as part of recent updates
- Open floor plan suited for retail, office, or personal/medical services
Local Financial Insights For 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 | $41.1k | $18.00 |
| − Vacancy | −$2.7k | −$1.19 |
| EGI | $38.4k | $16.81 |
| − OpEx | −$11.5k | −$5.04 |
| NOI | $26.9k | $11.77 |
2,285 SF · lease $18.00/SF/yr · vacancy 6.60% · expense 30.00%
Alternative Uses
Best Use
Office B
$492.9K
$431.3K – $575.0K
NOI $34,500 @ 7.0% cap · market cap 10.78%
Second Best
Retail
$384.2K
$336.1K – $448.2K
NOI $26,891 @ 7.0% cap · market cap 8.41%
Theoretical Best
Office A
$613.3K
$536.7K – $715.6K
NOI $42,933 @ 7.0% cap · market cap 13.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
FORK CLOTHING CO .
Clothing Store
9 Hearts Ranch ...
Department Store
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Redesigned building with flexible retail, office, and personal/medical service space plus updated HVAC and electrical.
Where is this retail space located?
The property is located at 113 W Bean Street Lincoln, AR.
What is the asking price?
The asking price for this property is $319,900.
What are key features of this property?
This property features: 1910 building redesigned to 2,285 SF with high ceilings and concrete floors; New electrical, HVAC, and TPO roofing installed as part of recent updates; Open floor plan suited for retail, office, or personal/medical services
