Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Prime Commercial Land on Highway Title is generated by Realmo AI

    120 Hwy 71 S, Mena, AR 71953

    View on Map
    Claim this Listing
    For Sale
    $375,000

    COMMERCIAL - Mena, AR

    Property size:
    2,898 SF
    Lot size:
    0.94 Acres
    Price / SF:
    $129/SF
    Added:
    Nov 15, 2025
    Days on Market:
    188
    Last Refresh:
    May 22 at 7:06 pm

    Property Features for 120 Hwy 71 S

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Size
    2,898 SF
    Lot size
    0.94 Acres

    Taxes and HOA fees

    Tax Description
    73 mena ori. 7,8,9,10,11,12,13
    Tax Annual Amount
    900

    Building Details

    Year built
    1940
    Floors in Building
    1
    Flooring type
    Concrete
    Roof type
    Metal

    We can help!

    Listing Contact
    Shannon Hunter

    Listing agent Shannon Hunter

    Listing office Holly Springs Real Estate 1114-A Highway 71 S, MENA, AR

    Listing date Nov 15, 2025

    MLS# 25045805

    Copyright © 2026 Cooperative Arkansas Realtors Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime highway frontage on Hwy 71
    • Almost an acre of land
    • Excellent location between Mena and Walmart
    • Suitable for new business or restaurant
    • High traffic area with endless possibilities
    • Flooring is concrete

    Overview

    This commercial property, nearly an acre in size, is located in Mena, Arkansas, and borders Highway 71. The property features highway frontage and is situated close to Walmart. The existing building on the property is older and requires repairs. The location is suitable for redevelopment, offering possibilities for a new business or restaurant. The property contains a 2,898 square foot building.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Mena
    County
    Polk
    State
    Arkansas
    Longitude
    -94.232028
    Latitude
    34.584655

    Nearby Similar for Sale

    • $500,000
      2,500 SF

      Restaurant and Art Gallery Opportunity

      Established restaurant and art gallery in downtown Mena, Arkansas.
      615 Mena Street, Mena, AR 71953
      View Details
    • $365,000
      6,200 SF

      Mena Commercial Opportunity on Hwy 71

      High-visibility commercial building in Mena's growing business corridor.
      1601 Hwy 71, Mena, AR 71953
      View Details
    • $699,900
      2,616 SF

      Furnished Cabins in Ouachita Mountains

      Turn-key vacation rental cabins with mountain views and creek.
      383 Massey Lane, Mena, AR 71953
      View Details
    • $400,000
      5,696 SF

      Mena Automotive Body Shop

      Ready-to-operate body and paint shop with equipment included.
      711 Petros Ave, Mena, AR 71953
      View Details
    • $2,250,000
      19,915 SF

      Established Business on Highway Frontage

      Income-producing business with highway frontage in Polk County, Arkansas.
      2642 N Hwy 71, Mena, AR 71953
      View Details
    • $725,000
      2,000 SF

      Turn-Key Business Near Mena, AR

      Profitable store and eatery near Mena, Arkansas, for sale.
      2467 Hwy 375 E, Mena, AR 71953
      View Details
    • $825,000
      6,468 SF

      Mena, AR Tap Room

      Popular Mena, AR tap room and restaurant for sale.
      821 Mena St, Mena, AR 71953
      View Details
    • $550,000
      5,408 SF

      Mena Apartment Building Investment

      Seven-unit apartment building in Mena, Arkansas, great investment opportunity.
      422 Mena St, Mena, AR 71953
      View Details
    • $259,000
      1,930 SF

      Turn-Key Dog Boarding Business

      Successful dog boarding and daycare business with on-site living.
      181 Polk Road 47, Mena, AR 71953
      View Details
    • $899,000
      3,700 SF

      Secluded Mountain Retreat Bordering Forest

      50+/- acre property with 3,700 sq ft home.
      945 Polk Rd. 72, Mena, AR 71953
      View Details
    • $1,200,000

      Highway 71 North Commercial Land

      9.22-acre commercial property on Highway 71 North in Mena, AR.
      2006 N Hwy 71, Mena, AR 71953
      View Details
    • $715,000
      4,284 SF

      Healthcare Property Investment Opportunity

      Healthcare investment property fully occupied by MyEyeDr with lease renewal.
      208 Morrow Street, Mena, AR 71953
      View Details

    FAQs

    What type of property is this?
    Commercial land - High-visibility commercial land with highway frontage in Mena, Arkansas.
    Where is this commercial land located?
    The property is located at 120 Hwy 71 S Mena, AR.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: Prime highway frontage on Hwy 71; Almost an acre of land; Excellent location between Mena and Walmart
    (479) 216-1932
    We can help!
    Listing Contact
    Shannon Hunter
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    120 Hwy 71 S, Mena, AR 71953
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!