Restaurant Site with Avenue
2900 E Race Avenue Searcy, AR 72143
2900 E Race Avenue, Searcy, AR, 72143
$469,000
For Sale
$469,000
COMMERCIAL - Searcy, AR
Property Size2,442 SF
Lot Size0.27 Acres
Price / SF$192.06
Days on Market35
Property Features for 2900 E Race Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking
- 15
- Interior features
- Kitchen Area, In-Unit Bathroom
- Standard status
- Active
- Size
- 2,442 SF
- Lot size
- 0.27 Acres
Taxes and HOA fees
- Tax Description
- 016-09964-000
- Tax Annual Amount
- 1767
Building Details
- Year built
- 1978
- Floors in Building
- 1
- Flooring type
- Vinyl
Listing agency
Dalrymple
(501) 268-2445
Listed by
Austin Durham
(417) 425-9866
Added: Jun 19 Updated: Jul 22 at 11:20AM Checked: Jul 23 at 2:06AM
MLS# 26024797
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 restaurant property is offered for sale and includes an existing structure totaling 2,442 square feet on a 0.27-acre lot. The site can be considered for repurposing to support a business use, or for redevelopment based on the property’s existing foundation.
The property is located at 2900 E Race Avenue in Searcy, Arkansas, providing direct avenue frontage on a commercial corridor.
The listing is positioned as a commercial opportunity centered on visibility and accessibility along E Race Avenue, with the physical site size supporting multiple redevelopment or reuse approaches.
The property is located at 2900 E Race Avenue in Searcy, Arkansas, providing direct avenue frontage on a commercial corridor.
The listing is positioned as a commercial opportunity centered on visibility and accessibility along E Race Avenue, with the physical site size supporting multiple redevelopment or reuse approaches.
Key Highlights
- Race Avenue frontage
- Kitchen area and an in‑unit bathroom
- Vinyl flooring
Local Financial Insights For Specialty Retail
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 | $36.6k | $15.00 |
| − Vacancy | −$2.4k | −$0.99 |
| EGI | $34.2k | $14.01 |
| − OpEx | −$8.6k | −$3.50 |
| NOI | $25.7k | $10.51 |
2,442 SF · lease $15.00/SF/yr · vacancy 6.60% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$366.6K
$320.7K – $427.7K
NOI $25,659 @ 7.0% cap · market cap 5.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$446.6K
$390.8K – $521.0K
NOI $31,262 @ 7.0% cap · market cap 6.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Mr. Smoke Vape ...
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
Similar Off Market Nearby
- Western Sizzlin Steak House — 3210 E Race Ave #4810, Searcy, AR 72143
FAQs
What type of property is this?
Conventional restaurant - Restaurant property for sale on E Race Avenue, set on a 0.27-acre lot with 2,442 square feet.
Where is this conventional restaurant located?
The property is located at 2900 E Race Avenue Searcy, AR.
What is the asking price?
The asking price for this property is $469,000.
What are key features of this property?
This property features: Race Avenue frontage; Kitchen area and an in‑unit bathroom; Vinyl flooring
