Bar & Saloon With
For Sale
$425,000
204 Strong Hwy, El Dorado, AR 71730
COMMERCIAL - El Dorado, AR
Property Size3,240 SF
Lot Size0.89 Acres
Price / SF$131.17
Days on Market277
Property Features for 204 Strong Hwy
General Information
Property type
Commercial Sale
Property subtype
Other
Interior features
Public Restrooms, Kitchen Area
Exterior features
Outside Storage Area, Video Surveillance
Lot features
Level
Directions
From Hillsboro, drive east until you reach 204 Strong Highway. Property is on the left.
Subdivision
East El Dorado
Standard status
Active
APN
04794-00267-0000
Size
3,240 SF
Lot size
0.89 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
See Survey
Tax Annual Amount
1825
Legal Description
See Survey
Amenities
commercial kitchen
karaoke and dance floor
pool tables
areas for live music and entertainment
Building Details
Year built
1970
Floors in Building
1
Flooring type
Concrete
Roof type
Metal
Additional Structures
Storage
Listing Agency:
Southern Realty Group
(870) 881-9011
Listed By:
Blaklee Ramsey
(870) 866-4298
Added: Nov 17, 2025
Changed: Aug 4
Last Checked: Aug 21 at 1:06AM
MLS# 25045895
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.
Investment Insights
Based on property information with market context.
This 3,240-square-foot bar and entertainment property occupies approximately 0.89 acres at 204 Strong Hwy in El Dorado. Built in 1970, the building includes a commercial kitchen, kitchen area, public restrooms, karaoke equipment, a dance floor, pool tables, concrete flooring, central HVAC, and a metal roof. An outside storage area and video surveillance are also included.
The property has historically supported live music and entertainment activities. Per the seller, it previously operated with a tobacco permit and amusement license for karaoke and related activities, and had a grandfathered allowance for alcohol service after 2AM. Buyers must independently confirm licensing, zoning, utilities, square footage, acreage, and permitted uses with the appropriate authorities.
The property has historically supported live music and entertainment activities. Per the seller, it previously operated with a tobacco permit and amusement license for karaoke and related activities, and had a grandfathered allowance for alcohol service after 2AM. Buyers must independently confirm licensing, zoning, utilities, square footage, acreage, and permitted uses with the appropriate authorities.
Key Highlights
- 3,240‑square‑foot bar and entertainment property on approximately 0.89 acres
- 204 Strong Hwy location in El Dorado, AR 71730
- Commercial kitchen area, public restrooms, karaoke setup, dance floor, and pool tables
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$29,603
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.97%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$592,060
$592.1K
Cap Rate 7%
$422,900
$422.9K
Cap Rate 9%
$328,922
$328.9K
Market Conditions
NOI Build-Up for 3,240 SF
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.
Gross rent
$42.0K $12.96/SF
− Vacancy
−$2.5K −$0.78/SF
EGI
$39.5K $12.18/SF
− OpEx
−$9.9K −$3.05/SF
NOI
$29.6K $9.14/SF
Area
Union County, AR
Vacancy
6.00%
Lease Rate
$12.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$592,060
Cap Rate 7%
$422,900
Cap Rate 9%
$328,922
Alternative Uses
Best Use
Specialty Retail
$422.9K
$370.0K – $493.4K
NOI $29,603 @ 7.0% cap · market cap 6.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$592.5K
$518.5K – $691.3K
NOI $41,477 @ 7.0% cap · market cap 9.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
105
Businesses Nearby
10k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 66%
Hotels & Casinos 34%
Exxon
Shops & Services
6,889 visits/mo
0.5 miles
Comfort Inn & Suites El Dorado
Hotels & Casinos
1,081 visits/mo
0.3 miles
Hampton Inn El Dorado
Hotels & Casinos
1,031 visits/mo
0.3 miles
Candlewood Suites El Dorado, an IHG Hotel
Hotels & Casinos
799 visits/mo
0.4 miles
La Quinta Inn by Wyndham El Dorado
Hotels & Casinos
671 visits/mo
0.3 miles
Demographics for 71730, AR
31,103
Population
13,774
Households
2.3
Avg Household Size
41
Median Age
19%
College-Educated
88%
High-School Grad
457.4 sq mi
ZIP Area
68
Density / Sq Mi
$50,845
Median Household Income
$36,959
Median Earnings
$833
Median Rent
$123,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Long Branch Bar — 204 Strong Hwy, El Dorado, AR 71730
Frequently Asked Questions
What type of property is this?
Bar & Pub - Established commercial venue with a kitchen area, public restrooms, karaoke setup, dance floor, and pool tables.
Where is this bar & pub located?
The property is located at 204 Strong Hwy El Dorado, AR.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 3,240‑square‑foot bar and entertainment property on approximately 0.89 acres; 204 Strong Hwy location in El Dorado, AR 71730; Commercial kitchen area, public restrooms, karaoke setup, dance floor, and pool tables
