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    1601 Highway 71 Mena, AR 71953

    Sponsored
    For Sale
    $350,000

    Half-acre lot, high-traffic location.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional commercial property, located at 1601 Hwy 71 in Mena, Arkansas, presents a unique investment opportunity. The 0.57-acre lot boasts a highly desirable location on Highway 71, ensuring excellent visibility and accessibility for any business. The property's size offers ample space for a variety of commercial ventures, from retail establishments to light industrial uses. Its strategic placement along a busy thoroughfare guarantees significant exposure to a substantial daily traffic volume, maximizing potential customer reach. The property is currently undeveloped, providing a blank canvas for a custom-designed building tailored to specific business needs. This presents a rare chance to establish a presence in a thriving community with a strong local economy. The asking price of $350,000 reflects the significant potential of this prime commercial land parcel. Serious inquiries are encouraged to explore the possibilities and secure this exceptional investment opportunity in Mena, Arkansas. The property's location on Highway 71 offers unparalleled access and visibility, making it an ideal location for a wide range of commercial uses. The absence of existing structures allows for complete design flexibility, catering to the specific requirements of the future business owner. Don't miss this chance to acquire a highly sought-after commercial property in a growing market.

    Property Features for 1601 Highway 71

    General Information

    Property type
    Other commercial real estate
    Lot Size
    24,829 SF

    Building Details

    Year Built
    1960
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Mena
    County
    Polk
    State
    Arkansas
    Longitude
    -94.25021
    Latitude
    34.57124

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    FAQs

    What type of property is this?
    Commercial real estate - Half-acre lot, high-traffic location.
    Where is this commercial real estate located?
    The property is located at 1601 Highway 71 Mena, AR.
    What is the asking price?
    The asking price for this property is $350,000.
    Request Owner's contact information
    1601 Highway 71 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

    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
    1601 Highway 71 Mena, AR 71953
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