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Restaurant and Event Center Building
For Sale
$289,900

20674 S Hwy 59, Evansville, AR 72729

Fully equipped commercial kitchen and event setup, with Highway 59 visibility and ADA-friendly restroom access.

Property Size4,580 SF
Price / SF$63.30
Days on Market109

Property Features for 20674 S Hwy 59

General Information

Standard status Active
Size 4,580 SF

Site & Location

Highway Access Yes
Road Access Yes

Additional Details

Business Included Yes

Building Details

Year Built 1986
Listing Agency: Keller Williams Market Pro
Listed By: Matthew Ford · License #146078
Source: Alloverok
Added: Jun 3 Changed: Sep 11 Last Checked: Sep 19 at 10:52AM

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 Keller Williams Market Pro

Investment Insights

Based on property information with market context.

This restaurant and event center building is a durable block structure that is currently not in operation but remains fully equipped. The property is described as measuring 4,580 square feet (per CH) and includes tables and chairs along with a fully stocked commercial kitchen, positioned for food service or hosted events. The building also features four bathrooms, including two handicap-accessible restrooms, and is supported by three heat pumps. Utilities are listed as all-electric, with rural water and fiber internet available.

The property sits on highly visible Highway 59 frontage and is described as approximately 7 miles from Stilwell, supporting easy approach and strong regional accessibility for guests and customers.

For tenants, buyers, or operators looking for a ready-to-use venue with restaurant-grade infrastructure, the existing kitchen, bathroom count, and event layout can help reduce initial buildout needs. Its current configuration as an event center, along with the included furnishings, may also support continued event programming or restaurant reopening, subject to licensing and operating requirements.

Key Highlights

  • 4,580 sq ft commercial building built in 1986, currently used as an event center
  • Includes tables, chairs, and a fully stocked commercial kitchen setup
  • Highway 59 frontage and highly visible location, about 7 miles from Stilwell

Property Analytics

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Current Use

Conventional restaurants

Suggested Use

Top Pick Garden Center Hair Salon Nail Salon Grocery & Convenience Store Food Market Spa & Massage Center

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

Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

12
Businesses Nearby
Well-served
Demand for This Use

Demographics for 72729, AR

236
Population
111
Households
2.1
Avg Household Size
48
Median Age
100%
High-School Grad
11.4 sq mi
ZIP Area
21
Density / Sq Mi
$367,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Fully equipped commercial kitchen and event setup, with Highway 59 visibility and ADA-friendly restroom access.
Where is this conventional restaurant located?
The property is located at 20674 S Hwy 59 Evansville, AR.
What is the asking price?
The asking price for this property is $289,900.
What are key features of this property?
This property features: 4,580 sq ft commercial building built in 1986, currently used as an event center; Includes tables, chairs, and a fully stocked commercial kitchen setup; Highway 59 frontage and highly visible location, about 7 miles from Stilwell
More about this property
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