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    2209 Highway 71 Mena, AR 71953

    Sponsored
    For Sale
    $118,900

    0.38-Acre Lot - $118,900

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    340
    This exceptional 0.38-acre commercial lot, located at 2209 Hwy 71 N in Mena, Arkansas, presents a unique investment opportunity. Situated on a highly visible stretch of Highway 71 North, this property boasts excellent accessibility and high traffic volume, making it ideal for a variety of commercial ventures. The expansive lot offers ample space for development, allowing for significant flexibility in design and construction. Its strategic location within Mena provides easy access to local amenities, residential areas, and major transportation routes. The asking price of $118,900 represents a compelling value for a property with such significant potential. This is a rare chance to acquire a prime commercial parcel in a growing Arkansas market. The property's size and location make it suitable for a wide range of uses, from retail establishments and restaurants to office spaces and light industrial facilities. Prospective buyers are encouraged to conduct their own due diligence to determine the optimal use for this versatile property. The absence of existing structures allows for complete customization to meet specific business needs. This presents a blank canvas for entrepreneurs and developers seeking to establish a strong presence in the Mena area. The property's highway frontage ensures maximum visibility and accessibility, attracting a large customer base. Don't miss this opportunity to secure a valuable piece of Mena's commercial landscape. Serious inquiries are welcome.

    Property Features for 2209 Highway 71

    General Information

    Property type
    Other commercial real estate
    Lot Size
    16,553 SF

    Building Details

    Year Built
    1975
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Nail 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
    -94.20754
    Latitude
    34.58556

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    FAQs

    What type of property is this?
    Commercial real estate - 0.38-Acre Lot - $118,900
    Where is this commercial real estate located?
    The property is located at 2209 Highway 71 Mena, AR.
    What is the asking price?
    The asking price for this property is $118,900.
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    2209 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
    2209 Highway 71 Mena, AR 71953
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