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Mixed-Use Property with Studio Apartments
For Sale
$720,000

201 E Main St, Heber Springs, AR 72543

Historic downtown property combines fully occupied studios with an operating restaurant, common areas, offices, and coin-operated laundry.

Property Size7,054 SF
Price / SF$102.07
Days on Market12

Property Features for 201 E Main St

General Information

Standard status Active
Size 7,054 SF
Occupancy 100%

Units

Unit Mix 15 x studio
Multifamily Units 15

Additional Details

Road Access Yes
Liquor License Yes

Amenities

lounge
common areas
on-site laundry

Building Details

Year Built 1882
Buildings 1
Tenancy Multi
Listing Agency: McKenzie Realty Group
Listed By: Jessica Lockley
Source: Themoverealty
Added: Aug 19 Changed: Aug 28 Last Checked: Aug 29 at 12:33PM

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 McKenzie Realty Group

Investment Insights

Based on property information with market context.

Built in 1882, this 7,054-square-foot mixed-use property combines residential, restaurant, and supporting commercial components. The building includes 15 studio apartments, lounge and common areas, office space, and on-site coin-operated laundry facilities. Residential occupancy is 100%, while the restaurant is leased on an annual basis and currently operational. A transferable liquor license is included.

The property is located on Main Street in Heber Springs, within walking distance of shopping, dining, entertainment, and local attractions. Its existing configuration supports continued mixed-use operation, with residential units alongside established restaurant space and shared amenities.

Key Highlights

  • 7,054 SF mixed‑use property built in 1882
  • 15 studio apartments with 100% residential occupancy
  • Operational restaurant leased on an annual basis

Property Analytics

Current Use

ASK Apparel Clothing & Fashion Store Heber Historic Inn Apartment Building Soap Tub (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Big Box & Wholesale Store (Bike/Boat/Book/etc) Store Electrical Service HVAC Service Storage Facility Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

15
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Yes
Liquor license

Location Intelligence

Trade Area within ½ mile

565
Businesses Nearby

Demographics for 72543, AR

12,175
Population
7,088
Households
1.7
Avg Household Size
50
Median Age
20%
College-Educated
90%
High-School Grad
113.7 sq mi
ZIP Area
107
Density / Sq Mi
$58,145
Median Household Income
$34,067
Median Earnings
$836
Median Rent
$180,300
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Historic downtown property combines fully occupied studios with an operating restaurant, common areas, offices, and coin-operated laundry.
Where is this mixed-use property located?
The property is located at 201 E Main St Heber Springs, AR.
What is the asking price?
The asking price for this property is $720,000.
What are key features of this property?
This property features: 7,054 SF mixed‑use property built in 1882; 15 studio apartments with 100% residential occupancy; Operational restaurant leased on an annual basis
More about this property
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