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    810 Highway 278 Monticello, AR 71655

    For Sale
    $875,000

    Mixed Use - Monticello, AR

    Type:Mixed Use
    Property size:
    2,976 SF
    Lot size:
    2.29 Acres
    Days on Market:
    38
    Last Refresh:
    Dec 13 at 1:06 pm

    Property Features for 810 Highway 278

    General Information

    Property type
    Commercial Sale
    Property subtype
    Mixed Use
    Standard status
    Active
    APN
    703-01555-000-C
    Parking
    40
    Size
    2,976 SF
    Lot size
    2.29 Acres

    Building Details

    Year built
    1995
    Floors in Building
    1
    Architectural style
    Other

    Wilkerson Real Estate Company (870) 224-4322

    Listing agent Hunter Wilkerson (870) 224-4322

    Listing date Nov 6, 2025

    MLS# 25016872 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

    Renovated Restaurant with Rental Income

    This property features a renovated 2,976 square foot restaurant situated on approximately 2.29 acres, along with two income-producing rental units. The restaurant space has been completely updated with new floors, drywall, paint, electrical, and HVAC systems. It includes a new industrial grill, walk-in cooler, ice box, refrigerators, and commercial dishwashers. A full security system is in place. All restaurant equipment and furnishings are included, such as prep stations, tables, and chairs. The property provides ample parking and is designed to accommodate dine-in, takeout, or delivery services. In addition to the commercial space, the property includes two fully updated one-bedroom, one-bath residential units suitable for staff housing or rental income. Located in Monticello, AR, this property offers a versatile lot with immediate operational potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Monticello
    County
    Drew
    State
    Arkansas
    Longitude
    -91.778186017197
    Latitude
    33.62852360017

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    FAQs

    What type of property is this?
    Restaurant - Move-in-ready restaurant with rental units on 2.29+- acres.
    Where is this restaurant located?
    The property is located at 810 Highway 278 Monticello, AR.
    What is the asking price?
    The asking price for this property is $875,000.
    What are key features of this property?
    This property features: - Move-in-ready, fully renovated 3,000 sq ft restaurant with all equipment and furnishings included.; - Two income-producing, fully updated one-bedroom, one-bath rental units.; - Spacious 2.5+- acre lot with maximum available parking.
    (870) 224-4322
    Request Owner's contact information
    810 Highway 278 Monticello, AR 71655
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    Monticello, AR 71655
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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

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    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
    810 Highway 278 Monticello, AR 71655
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