Restaurant and Event Center
20674 S Hwy 59 Evansville, AR 72729
For Sale
Contact for pricing
Fully equipped commercial kitchen and event setup, with Highway 59 visibility and ADA-friendly restroom access.
Property Size4,580 SF
Price / SF$65.48
Days on Market53
Property Features for 20674 S Hwy 59
General Information
- Standard status
- Active
- Size
- 4,580 SF
- Property subtype
- Business for Sale
Building Details
- Year Built
- 1986
Listing Agency:
C21/Wright Real Estate
(479) 718-2800
Listed By:
Matthew Ford · License #146078
Source:
Crexi
Added: Jun 2
Changed: Jul 10
Last Checked: Jul 22 at 11:01AM
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 C21/Wright Real Estate
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.
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
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 - 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 $299,900.
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
