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    1150 Highway 71 South Mena, AR 71953

    For Sale
    $795,000

    Log, Business, Bldg and Land - Mena, AR

    Property size:
    3,640 SF
    Lot size:
    0.89 Acres
    Days on Market:
    72
    Last Refresh:
    Dec 13 at 10:06 am

    Property Features for 1150 Highway 71 South

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Parking
    50
    Interior features
    Public Restrooms, Equipment (see Remarks), Inventory (see Remarks), Burglar Alarm, Kitchen Area, Ceiling Fans, Furniture Included, Stairs
    Exterior features
    Storage Building, Additional Outbuildings
    Size
    3,640 SF
    Lot size
    0.89 Acres

    Utilities

    Heating system
    Central, Electric (Heating), Zoned (Heating)
    Cooling system
    Central Air, Electric, Multi Units, Zoned

    Building Details

    Year built
    1980
    Floors in Building
    2
    Flooring type
    Carpet, Carpet - Full, Tile
    Building materials
    Log
    Roof type
    Composition
    Architectural style
    Other
    Additional Structures
    Outbuilding, Storage

    CENTURY 21 Perry Real Estate (479) 394-6500 [email protected]

    Listing agent Tiffany Lane (479) 394-6500

    Listing date Oct 3, 2025

    MLS# 24029138 Listing URL

    Copyright © 2025 Cooperative Arkansas Realtors Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Established Restaurant with Business and Land

    This is a turn-key restaurant opportunity with a 50-year reputation as a local dining establishment. The property includes the business, building, and land. The restaurant, known as The Chopping Block Steakhouse, features a varied menu, meat market, and a full bar setup. All food, liquor, equipment, and furniture are included in the sale. The property also has separate office space and two additional outbuildings. The restaurant is fully staffed and set up for DoorDash. It features an automated POS system and TOAST for financials, along with a DAVO tax system. The liquor license is transferable to the new owners, and the business name will also transfer. The restaurant contains two large walk-in freezers. Recent improvements include new roofs, a new 5-ton HVAC unit in the kitchen, a 2.5-ton unit under the stairs, and a 2.5-ton unit upstairs. Additional new equipment includes a compressor freezer, slicer, fryer, potato bin, shelving in the shed/bar, A/C in the bar, two scales, a water heater, a front door, a back door, and porch posts. The full back wall, bathroom siding, and building trim have also been replaced. The property is situated on a 0.89-acre lot. The building size is 3,640 square feet. The restaurant is currently open five days a week, presenting an opportunity to increase income by expanding operating hours. The property is located in Mena, AR.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Turn key restaurants

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mena
    County
    Polk
    State
    Arkansas
    Longitude
    -94.241687398811
    Latitude
    34.57350351178

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    FAQs

    What type of property is this?
    Restaurant - Turn-key restaurant with 50-year reputation, includes equipment, liquor license.
    Where is this restaurant located?
    The property is located at 1150 Highway 71 South Mena, AR.
    What is the asking price?
    The asking price for this property is $795,000.
    What are key features of this property?
    This property features: - Established, successful restaurant with a 50-year reputation and proven cash flow.; - Turn-key business operation including all food, liquor, equipment, furniture, and fully staffed.; - Includes a meat market, full bar setup, separate office space, and additional outbuildings.
    (479) 394-6500
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    1150 Highway 71 South Mena, AR 71953
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    Mena, AR 71953
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1150 Highway 71 South Mena, AR 71953
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