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    1701 Hendrix St Altus, AR 72821

    For Sale
    $250,000

    Established Bar & Grill, Huge Potential

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    316
    This exceptional business opportunity presents a well-established entertainment venue located in the heart of downtown Altus, Arkansas. The property encompasses six lots and a substantial 3,287 square foot building, providing ample space for operations and potential expansion. The sale includes the majority of the existing equipment and inventory, allowing for a seamless transition for the new owner. The business boasts a loyal and extensive customer base, built over many years of successful operation, providing a strong foundation for continued growth and profitability. This turnkey operation is ideal for an entrepreneur seeking a ready-made business with significant upside. The 0.52-acre lot offers considerable potential for future development or expansion of the existing facilities. The prime downtown location ensures high visibility and accessibility, attracting a steady stream of customers. This is a rare chance to acquire a thriving business with a proven track record in a desirable location. The substantial building provides ample space for various entertainment options, and the included equipment and inventory minimize the initial investment required to begin operations. This is a unique opportunity to own a piece of Altus's vibrant downtown scene. Serious inquiries are encouraged.

    Property Features for 1701 Hendrix St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    22,651 SF

    Building Details

    Year Built
    1980
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Tommy Deans Bar

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Wholesale Shop Hair Salon Clothing Store Nail Salon Hotel & Motel Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Altus
    County
    Franklin
    State
    Arkansas
    Longitude
    -93.76402
    Latitude
    35.44674

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    Nearby Similar for Sale

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      Altus Retail Investment Opportunity

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      1504 Hendrix St, Altus, AR 72821
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    FAQs

    What type of property is this?
    Commercial real estate - Established Bar & Grill, Huge Potential
    Where is this commercial real estate located?
    The property is located at 1701 Hendrix St Altus, AR.
    What is the asking price?
    The asking price for this property is $250,000.
    (479) 667-4135
    Request Owner's contact information
    1701 Hendrix St Altus, AR 72821
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    Altus, AR 72821
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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
    1701 Hendrix St Altus, AR 72821
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