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    615 Mena St Mena, AR 71953

    Sponsored
    For Sale
    $250,000

    Prime 0.08-acre lot, ideal for development.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional commercial property, located at 615 Mena Unit Yes in Mena, Arkansas, presents a unique investment opportunity. The 0.08-acre lot offers significant potential for a variety of commercial ventures. Its strategic location within Mena provides easy access to local businesses, amenities, and transportation routes, making it an attractive site for entrepreneurs and investors alike. The property's relatively small size makes it suitable for smaller-scale developments, such as a boutique retail space, a professional office, or a specialized service business. The absence of existing structures allows for complete design flexibility, enabling the creation of a building tailored to specific needs and preferences. Given the current market conditions in Mena, this property represents a strong investment with potential for substantial returns. The asking price of $250,000 reflects the property's prime location and development potential. Serious inquiries are encouraged to explore this exciting opportunity to establish a thriving business in a vibrant community. Further due diligence is recommended to confirm zoning regulations and development possibilities. The property is ready for immediate development, offering a streamlined path to realizing your commercial vision. This is a rare chance to acquire a well-situated commercial lot in a growing Arkansas town.

    Property Features for 615 Mena St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    3,485 SF

    Building Details

    Year Built
    1915
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Mena
    County
    Polk
    State
    Arkansas
    Longitude
    -94.23685
    Latitude
    34.58442

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    FAQs

    What type of property is this?
    Commercial real estate - Prime 0.08-acre lot, ideal for development.
    Where is this commercial real estate located?
    The property is located at 615 Mena St Mena, AR.
    What is the asking price?
    The asking price for this property is $250,000.
    Request Owner's contact information
    615 Mena St 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
    615 Mena St Mena, AR 71953
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