Restaurant Building with Commercial
20674 S Highway 59 Evansville, AR 72729
For Sale
$299,900
COMMERCIAL - Evansville, AR
Property Size4,580 SF
Lot Size2.02 Acres
Price / SF$65.48
Days on Market47
Property Features for 20674 S Highway 59
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 001-02126-000
- Size
- 4,580 SF
- Lot size
- 2.02 Acres
Taxes and HOA fees
- Tax Description
- PT SW NW 1.60AC
- Tax Annual Amount
- 2002
Building Details
- Year built
- 1986
Listing Agency:
Keller Williams Market Pro Realty
(479) 718-2800
Listed By:
Matt Ford · License #SA00066218
(918) 575-1415
Added: Jun 8
Changed: Jun 9
Last Checked: Jul 24 at 9:06AM
MLS# 1351231
Copyright © 2026 ArkansasONE MLS. 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 for-sale restaurant building is currently not in operation but is described as fully equipped and ready for its next use. The property is noted as being utilized as an event center and includes tables and chairs, along with a fully stocked commercial kitchen. The building size is listed as 4,580 square feet (per CH), with a lot size of 2.02 acres.
The property is located at 20674 S Highway 59 in Evansville, Arkansas (Washington County), zip 72729.
With the existing commercial kitchen and event-center furnishings, the building offers a straightforward platform for an operator to resume restaurant service, continue event venue operations, or re-purpose the space for other compatible uses.
The property is located at 20674 S Highway 59 in Evansville, Arkansas (Washington County), zip 72729.
With the existing commercial kitchen and event-center furnishings, the building offers a straightforward platform for an operator to resume restaurant service, continue event venue operations, or re-purpose the space for other compatible uses.
Key Highlights
- 4,580 sq ft commercial building (per CH), built in 1986
- Former K'T's restaurant building; currently utilized as an event center
- Fully equipped commercial kitchen included
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 | $41.2k | $9.00 |
| − Vacancy | −$3.0k | −$0.65 |
| EGI | $38.3k | $8.35 |
| − OpEx | −$11.5k | −$2.51 |
| NOI | $26.8k | $5.85 |
4,580 SF · lease $9.00/SF/yr · vacancy 7.20% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$825.0K
$721.9K – $962.5K
NOI $57,749 @ 7.0% cap · market cap 19.26%
Second Best
Industrial
$382.5K
$334.7K – $446.3K
NOI $26,777 @ 7.0% cap · market cap 8.93%
Theoretical Best
Office A
$1.23M
$1.08M – $1.43M
NOI $86,054 @ 7.0% cap · market cap 28.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Conventional restaurants
FAQs
What type of property is this?
Conventional restaurant - For sale restaurant building with a fully stocked commercial kitchen and existing event-center setup.
Where is this conventional restaurant located?
The property is located at 20674 S Highway 59 Evansville, AR.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: 4,580 sq ft commercial building (per CH), built in 1986; Former K'T's restaurant building; currently utilized as an event center; Fully equipped commercial kitchen included
