Listing Agency: Select Realty Show Phone

Listed By: Derenda King Show Phone

Source: Heilesassociatesrealtors

Added: Aug 20 Changed: Oct 6 Last Checked: Oct 16 at 8:42AM

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Investment Insights

Based on property information with market context.

This 504-square-foot retail building was constructed in 1960 and is currently operating as a hair salon. The compact commercial layout supports continued salon use or adaptation for another retail business. Recent work includes a replacement roof, energy-efficient windows, mini-split HVAC systems, a new hot water heater, and updates to the electrical and plumbing systems.

The property fronts E Main St and is positioned directly on a busy highway near the Caddo River. Its location is described as serving both local and tourist traffic, with the river providing a nearby area attraction. The building offers an existing commercial setting with substantial building-system updates already completed.

Key Highlights

• 504‑square‑foot retail building constructed in 1960
• Currently operating as a hair salon
• New roof and energy‑efficient windows

Property Analytics

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Current Use

Tonya's Salon Hair Salon

Suggested Use

Top Pick Grocery & Convenience Store (Bike/Boat/Book/etc) Store Computer & Electronic Repair Hair Salon Nail Salon Food Market

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

Location Intelligence

Trade Area within ½ mile

46

Businesses Nearby

3k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Dollar General Shops & Services

3,061 visits/mo 0.3 miles

Demographics for 71960, AR

1,128

Population

688

Households

1.6

Avg Household Size

49

Median Age

14%

College-Educated

86%

High-School Grad

138.2 sq mi

ZIP Area

8

Density / Sq Mi

$53,125

Median Household Income

$38,333

Median Earnings

$931

Median Rent

$121,500

Median Home Value

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

Frequently Asked Questions

What type of property is this?

Retail space - Updated commercial building with salon improvements and mini-split HVAC.

Where is this retail space located?

The property is located at 216 E Main Street Norman, AR.

What is the asking price?

The asking price for this property is $150,000.

What are key features of this property?

This property features: 504‑square‑foot retail building constructed in 1960; Currently operating as a hair salon; New roof and energy‑efficient windows