Drive-Through Restaurant with Kitchen
New
For Sale
$275,000
3023 AR HWY 367, Austin, AR 72007
Commercial / Industrial, Austin, AR
Property Size1,656 SF
Lot Size0.52 Acres
Price / SF$166.06
Days on Market2
Property Features for 3023 AR HWY 367
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
21
Interior features
220 Volt Power, Smoke Detector, Fire System, Furnished, Kitchen Area, In-Unit Bathroom
Exterior features
Guttering, Pole Sign
Lot features
Level
Directions
From downtown Cabot (Main St & 2nd St), head north on N. 2nd St. Stay on Hwy 367 N as you leave Cabot. Continue about 5 miles into Austin. Watch for the Dollar General at 2985 Hwy 367
Subdivision
CABOT SCHOOL DISTRICT
Standard status
Active
Size
1,656 SF
Lot size
0.52 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
N 93.75' 7-9, S 4' 10-12 & 16'
Tax Annual Amount
2592
Legal Description
N 93.75' 7-9, S 4' 10-12 & 16'
Building Details
Year built
2014
Floors in Building
1
Flooring type
Concrete
Roof type
Metal
Listing Agency:
Edge Realty
(501) 843-4663
Listed By:
Jesse Jeffers
(501) 743-5444
Added: Oct 18
Last Checked: Oct 19 at 12:06AM
MLS# 26042129
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.
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Investment Insights
Based on property information with market context.
This 1,656-square-foot drive-through restaurant sits on a 0.52-acre commercial lot and was built in 2014. The interior includes a kitchen and prep area, walk-in coolers and freezers, a dining area, an office, and three bathrooms. Restaurant equipment conveys, including cooking appliances, refrigerated prep tables, an ice machine, beverage dispensing equipment, and a fire suppression system. The property has single- and three-phase power, a drive-through window with menu post and intercom, and 21 parking spaces.
The restaurant is located on AR 367 N between Austin and Ward, next to a Dollar General. The remarks cite traffic of 6,700+ vehicles per day on AR 367 N and place the site between Cabot Exit 21 and Austin Exit 22.
The restaurant is located on AR 367 N between Austin and Ward, next to a Dollar General. The remarks cite traffic of 6,700+ vehicles per day on AR 367 N and place the site between Cabot Exit 21 and Austin Exit 22.
Key Highlights
- 1,656‑square‑foot restaurant on a 0.52‑acre commercial lot
- Built in 2014; includes single- and three‑phase power
- Drive‑through window with menu post and intercom system
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,894
Cap Rate
7.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$397,880
$397.9K
Cap Rate 7%
$284,200
$284.2K
Cap Rate 9%
$221,044
$221.0K
Market Conditions
NOI Build-Up for 1,656 SF
Gross rent
$28.2K $17.04/SF
− Vacancy
−$1.7K −$1.02/SF
EGI
$26.5K $16.02/SF
− OpEx
−$6.6K −$4.00/SF
NOI
$19.9K $12.01/SF
Area
Lonoke County, AR
Vacancy
6.00%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$397,880
Cap Rate 7%
$284,200
Cap Rate 9%
$221,044
Alternative Uses
Best Use
Specialty Retail
$284.2K
$248.7K – $331.6K
NOI $19,894 @ 7.0% cap · market cap 7.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$337.2K
$295.0K – $393.4K
NOI $23,602 @ 7.0% cap · market cap 8.58%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
6,700 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
71
Businesses Nearby
Explore this area
Business Placement
Demographics for 72007, AR
9,792
Population
3,799
Households
2.6
Avg Household Size
35
Median Age
27%
College-Educated
88%
High-School Grad
45.9 sq mi
ZIP Area
213
Density / Sq Mi
$79,550
Median Household Income
$46,980
Median Earnings
$1,193
Median Rent
$220,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Drive through restaurant - Equipped for food preparation and dine-in service, with a drive-through window and on-site parking.
Where is this drive through restaurant located?
The property is located at 3023 AR HWY 367 Austin, AR.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 1,656‑square‑foot restaurant on a 0.52‑acre commercial lot; Built in 2014; includes single- and three‑phase power; Drive‑through window with menu post and intercom system
