Historic Two-Building Commercial
For Sale
$130,000
2901 Hwy 367, Bald Knob, AR 72010
Two structures combine original service-station elements with a separate food-preparation building and downtown commercial zoning.
Property Size1,235 SF
Days on Market825
Property Features for 2901 Hwy 367
General Information
Standard status
Active
Size
1,235 SF
Total Parking Spaces
8
Property subtype
Commercial
Zoning
Central Business
Additional Details
Equipment Included
Yes
Building Details
Building Size
1,235 SF
Year Built
1938
Buildings
2
Stories
1
Listing Agency:
Re/Max Advantage
(501) 278-0408
Listed By:
Sandy Lafantasie
(501) 278-0408
Source:
Jcthornton
Added: May 1, 2024
Changed: Aug 3
Last Checked: Aug 3 at 5:42AM
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 Re/Max Advantage
Investment Insights
Based on property information with market context.
This commercial kitchen property includes two separate buildings with distinct layouts and improvements. The 1,235-square-foot main structure dates to 1938 and retains original wood doors and windows, a large central room, storage, restroom, and a rear service bay with two original sliding doors. Underground tanks have been professionally removed from the site.
The approximately 562-square-foot secondary building previously operated as a pizzeria and contains two commercial pizza ovens, an entry area, order window and office, kitchen, restroom, storage, and walk-in freezer. A sink is not currently present, although plumbing from an earlier salon use remains. The property is zoned Central Business and includes a large backyard that may support future expansion. Addressed on Hwy 367 in Bald Knob, the site also offers layouts suited to commercial kitchen, office, salon, childcare, or dog daycare use as described in the property information.
The approximately 562-square-foot secondary building previously operated as a pizzeria and contains two commercial pizza ovens, an entry area, order window and office, kitchen, restroom, storage, and walk-in freezer. A sink is not currently present, although plumbing from an earlier salon use remains. The property is zoned Central Business and includes a large backyard that may support future expansion. Addressed on Hwy 367 in Bald Knob, the site also offers layouts suited to commercial kitchen, office, salon, childcare, or dog daycare use as described in the property information.
Key Highlights
- Two‑building property with 1,235 SF main structure and approximately 562 SF secondary building
- 1938 building retains original wood doors, windows, and rear service bay with two sliding doors
- Secondary building includes two commercial pizza ovens and a walk‑in freezer
Financial Insights For Industrial
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 | $7.4k | $6.00 |
| − Vacancy | −$771 | −$0.62 |
| EGI | $6.6k | $5.38 |
| − OpEx | −$2.0k | −$1.61 |
| NOI | $4.6k | $3.76 |
1,235 SF · lease $6.00/SF/yr · vacancy 10.40% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$185.4K
$162.2K – $216.3K
NOI $12,977 @ 7.0% cap · market cap 9.98%
Second Best
Industrial
$66.4K
$58.1K – $77.5K
NOI $4,648 @ 7.0% cap · market cap 3.58%
Theoretical Best
Office A
$225.9K
$197.6K – $263.5K
NOI $15,810 @ 7.0% cap · market cap 12.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
110
Businesses Nearby
6k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
5,610 visits/mo
0.1 miles
Demographics for 72010, AR
5,958
Population
2,487
Households
2.4
Avg Household Size
42
Median Age
10%
College-Educated
87%
High-School Grad
171.3 sq mi
ZIP Area
35
Density / Sq Mi
$48,772
Median Household Income
$29,265
Median Earnings
$729
Median Rent
$124,100
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial kitchen - Two structures combine original service-station elements with a separate food-preparation building and downtown commercial zoning.
Where is this commercial kitchen located?
The property is located at 2901 Hwy 367 Bald Knob, AR.
What is the asking price?
The asking price for this property is $130,000.
What are key features of this property?
This property features: Two‑building property with 1,235 SF main structure and approximately 562 SF secondary building; 1938 building retains original wood doors, windows, and rear service bay with two sliding doors; Secondary building includes two commercial pizza ovens and a walk‑in freezer
