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    106 Elk Dr Mena, AR 71953

    Sponsored
    For Sale
    $295,000

    4.3 Acres, $295,000 - Build Your Dream

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    340
    This exceptional 4.3-acre lot presents a unique opportunity for development in the desirable Mena, Arkansas area. Located at 106 Elk Drive, this expansive parcel offers significant potential for a variety of uses, from residential construction to commercial ventures. The property's generous size provides ample space for building a substantial structure, while still allowing for landscaping and outdoor amenities. Its location within Mena offers convenient access to local amenities, including shopping, dining, and recreational facilities. The absence of existing structures on the land allows for complete design freedom, enabling the creation of a custom-built property tailored to specific needs and preferences. This is a rare chance to acquire a sizable piece of land in a growing community, offering both privacy and proximity to urban conveniences. The asking price of $295,000 represents a compelling investment opportunity in a market with strong potential for appreciation. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. The property is zoned for [Information not provided, therefore cannot be included]. Utilities are [Information not provided, therefore cannot be included]. Buyers are responsible for conducting their own due diligence regarding zoning, utilities, and other relevant factors. This is a truly remarkable opportunity to secure a significant piece of land in a thriving Arkansas community.

    Property Features for 106 Elk Dr

    General Information

    Property type
    Other commercial real estate
    Lot Size
    187,308 SF

    Building Details

    Year Built
    1980
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Hair Salon Clothing Store Building Supply Auto Repair Shop Wholesale Shop Auto Parts Store Department Store Discount Store Electrical Service Women's Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Mena
    County
    Polk
    State
    Arkansas
    Longitude
    -94.21806
    Latitude
    34.56189

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    FAQs

    What type of property is this?
    Commercial real estate - 4.3 Acres, $295,000 - Build Your Dream
    Where is this commercial real estate located?
    The property is located at 106 Elk Dr Mena, AR.
    What is the asking price?
    The asking price for this property is $295,000.
    Request Owner's contact information
    106 Elk Dr 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
    106 Elk Dr Mena, AR 71953
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