Remodeled Restaurant With Walk-In
111 W Bean Street, Lincoln, AR 72744
For Sale
$625,000
CommercialSale, Lincoln, AR
Property Size4,230 SF
Price / SF$147.75
Days on Market210
Property Features for 111 W Bean Street
General Information
Property type
Property subtype
Lot features
Directions
Standard status
APN
Size
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Building Details
Year built
Listing Agency:
Steve Fineberg & Associates
(479) 271-4161
Listed By:
Brennan Sharpe · License AR SA00084262
(479) 530-3774
Added: Apr 17
Changed: Oct 16
Last Checked: Nov 12 at 6:06AM
MLS# 1343088
Copyright © 2026 ArkansasONE MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 4,230-square-foot restaurant building at 111 W Bean Street combines a 1930 structure with a complete 2022 renovation. Improvements include a redesigned interior, updated infrastructure, a vent hood, and a walk-in cooler. The property is currently occupied by La Villa, an established Mexican restaurant, with the tenant in place through 5/31/27.
Situated on the Lincoln city square, the building retains its historic character while incorporating updated restaurant functionality. The existing configuration and installed kitchen equipment provide a functioning restaurant setting for continued operation.
Situated on the Lincoln city square, the building retains its historic character while incorporating updated restaurant functionality. The existing configuration and installed kitchen equipment provide a functioning restaurant setting for continued operation.
Key Highlights
- 4,230‑square‑foot restaurant building at 111 W Bean Street
- Complete property renovation completed in 2022
- Current occupancy by La Villa, an established Mexican restaurant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,336
Cap Rate
8.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,066,720
$1.1M
Cap Rate 7%
$761,943
$761.9K
Cap Rate 9%
$592,622
$592.6K
Market Conditions
NOI Build-Up for 4,230 SF
Gross rent
$76.1K $18.00/SF
− Vacancy
−$5.0K −$1.19/SF
EGI
$71.1K $16.81/SF
− OpEx
−$17.8K −$4.20/SF
NOI
$53.3K $12.61/SF
Area
Washington County, AR
Vacancy
6.60%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,066,720
Cap Rate 7%
$761,943
Cap Rate 9%
$592,622
Alternative Uses
Best Use
Specialty Retail
$761.9K
$666.7K – $888.9K
NOI $53,336 @ 7.0% cap · market cap 8.53%
Second Best
Industrial
$353.3K
$309.1K – $412.2K
NOI $24,730 @ 7.0% cap · market cap 3.96%
Theoretical Best
Office A
$1.14M
$993.5K – $1.32M
NOI $79,478 @ 7.0% cap · market cap 12.72%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
190
Businesses Nearby
11k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
6,437 visits/mo
0.1 miles
Arvest Bank
Shops & Services
2,453 visits/mo
0.2 miles
O'Reilly Auto Parts
Shops & Services
1,688 visits/mo
0.5 miles
Demographics for 72744, AR
5,227
Population
2,196
Households
2.4
Avg Household Size
40
Median Age
12%
College-Educated
88%
High-School Grad
79.0 sq mi
ZIP Area
66
Density / Sq Mi
$63,077
Median Household Income
$41,667
Median Earnings
$1,093
Median Rent
$168,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Conventional restaurants in Washington County, AR
Properties on Market for Conventional restaurants in Washington County
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Renovated restaurant property with existing occupancy and commercial kitchen improvements.
Where is this conventional restaurant located?
The property is located at 111 W Bean Street Lincoln, AR.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 4,230‑square‑foot restaurant building at 111 W Bean Street; Complete property renovation completed in 2022; Current occupancy by La Villa, an established Mexican restaurant
