Restaurant Building with
For Sale
$225,000
Pending
812 Chestnut Street, Conway, AR 72032
Attached kitchen equipment is included, alongside two bathrooms and a shared interior area.
Property Size940 SF
Days on Market137
Property Features for 812 Chestnut Street
General Information
Standard status
Pending
Size
940 SF
Property subtype
Building and Land
Additional Details
Equipment Included
Yes
Taxes and HOA fees
Annual Taxes
$817
Amenities
2 bathrooms
kitchen in the back
large common area
Building Details
Building Size
940 SF
Year Built
1935
Buildings
1
Listing Agency:
Homeward Realty
Listed By:
Anthony Walker
(870) 725-6205
Source:
Dillrealestate
Added: Jun 17
Changed: Oct 30
Last Checked: Oct 30 at 4:21AM
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 Homeward Realty
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Investment Insights
Based on property information with market context.
Built in 1935, this Conway restaurant property has a rear kitchen, two bathrooms, and a large common area currently divided by a partition. Kitchen equipment attached to the building is included in the sale, and the electrical system has been updated.
The property is at 812 Chestnut Street in Conway, Arkansas. Recent street improvements added sidewalk space, decorative lighting, and stamped brick along Chestnut Street.
The property is at 812 Chestnut Street in Conway, Arkansas. Recent street improvements added sidewalk space, decorative lighting, and stamped brick along Chestnut Street.
Key Highlights
- 1935‑built restaurant property in Conway
- Two bathrooms and a rear kitchen
- Large common area with a partition wall
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,565
Cap Rate
4.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$211,300
$211.3K
Cap Rate 7%
$150,929
$150.9K
Cap Rate 9%
$117,389
$117.4K
Market Conditions
NOI Build-Up for 940 SF
Gross rent
$15.0K $15.96/SF
− Vacancy
−$915 −$0.97/SF
EGI
$14.1K $14.99/SF
− OpEx
−$3.5K −$3.75/SF
NOI
$10.6K $11.24/SF
Area
Faulkner County, AR
Vacancy
6.10%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$211,300
Cap Rate 7%
$150,929
Cap Rate 9%
$117,389
Alternative Uses
Best Use
Specialty Retail
$150.9K
$132.1K – $176.1K
NOI $10,565 @ 7.0% cap · market cap 4.70%
Second Best
Retail
$132.4K
$115.9K – $154.5K
NOI $9,268 @ 7.0% cap · market cap 4.12%
Theoretical Best
Office A
$214.4K
$187.6K – $250.1K
NOI $15,008 @ 7.0% cap · market cap 6.67%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,549
Businesses Nearby
96k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 60%
Dining 37%
Home Improvements & Furnishings 2%
Electronics 1%
Kum & Go
Shops & Services
23,052 visits/mo
0.4 miles
Taziki's
Dining
9,759 visits/mo
0.3 miles
Rally's
Dining
9,267 visits/mo
0.5 miles
Regions Bank
Shops & Services
8,635 visits/mo
0.1 miles
Larry's Pizza
Dining
8,404 visits/mo
0.2 miles
Demographics for 72032, AR
34,316
Population
14,255
Households
2.4
Avg Household Size
35
Median Age
27%
College-Educated
94%
High-School Grad
114.5 sq mi
ZIP Area
300
Density / Sq Mi
$61,452
Median Household Income
$36,877
Median Earnings
$976
Median Rent
$183,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Larry's Pizza Conway — 1068 Markham St, Conway, AR 72032
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Attached kitchen equipment is included, alongside two bathrooms and a shared interior area.
Where is this conventional restaurant located?
The property is located at 812 Chestnut Street Conway, AR.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 1935‑built restaurant property in Conway; Two bathrooms and a rear kitchen; Large common area with a partition wall
