Retail and Upper Apartments
117 W Bean St Lincoln, AR 72744
117 W Bean St, Lincoln, AR, 72744
Contact for pricing
For Sale
Contact for pricing
Two updated retail suites with open layouts occupy the main level, with two unfinished upstairs apartments for value-add potential.
Property Size5,718 SF
Price / SF$95.17
Days on Market95
Property Features for 117 W Bean St
General Information
- Standard status
- Active
- Size
- 5,718 SF
- Property subtype
- Retail
Listing agency
Fineberg & Associates
(479) 271-4161
Listed by
Brennan Sharpe · License #AR SA00084262
Source
Crexi
Added: Apr 18 Updated: Jul 21 at 12:02AM Checked: Jul 21 at 12:02AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Fineberg & Associates
Investment Insights
Based on property information with market context.
This versatile property combines retail space on the main level with unfinished apartments above. The main level features two retail suites with updated open layouts, new lighting, high ceilings, crown molding, and kitchenettes, offering ready-to-lease interior space.
Upstairs includes two unfinished apartments, providing a value-add component for a buyer looking to complete the living areas.
Overall, the building is configured as a duplex-style setup with separate retail and residential spaces, creating flexibility for mixed-use ownership.
Upstairs includes two unfinished apartments, providing a value-add component for a buyer looking to complete the living areas.
Overall, the building is configured as a duplex-style setup with separate retail and residential spaces, creating flexibility for mixed-use ownership.
Key Highlights
- Main level has two retail suites with updated open layouts
- Retail suites include new lighting and high ceilings
- Includes crown molding and kitchenette features on the main level
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $89.2k | $15.60 |
| − Vacancy | −$6.4k | −$1.12 |
| EGI | $82.8k | $14.48 |
| − OpEx | −$37.3k | −$6.51 |
| NOI | $45.5k | $7.96 |
5,718 SF · lease $15.60/SF/yr · vacancy 7.20% · expense 45.00%
Alternative Uses
Best Use
Retail
$961.3K
$841.2K – $1.12M
NOI $67,292 @ 7.0% cap · market cap 12.37%
Second Best
Multifamily LT 5
$735.1K
$643.2K – $857.6K
NOI $51,458 @ 7.0% cap · market cap 9.46%
Theoretical Best
Office A
$1.53M
$1.34M – $1.79M
NOI $107,436 @ 7.0% cap · market cap 19.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Carter's Flowers and More
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
Similar Off Market Nearby
- Carter's Flowers and More — 117 W Bean St, Lincoln, AR 72744
FAQs
What type of property is this?
Storefront property - Two updated retail suites with open layouts occupy the main level, with two unfinished upstairs apartments for value-add potential.
Where is this storefront property located?
The property is located at 117 W Bean St Lincoln, AR.
What is the asking price?
The asking price for this property is $544,180.
What are key features of this property?
This property features: Main level has two retail suites with updated open layouts; Retail suites include new lighting and high ceilings; Includes crown molding and kitchenette features on the main level
