Restaurant Building with Kitchen
For Sale
$250,000
812 Chestnut Street, Conway, AR 72032
Commercial / Industrial, Conway, AR
Property Size940 SF
Lot Size0.02 Acres
Price / SF$265.96
Days on Market111
Property Features for 812 Chestnut Street
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
West on Oak. Left on Chestnut. Building is on the left.
Subdivision
CONWAY - OLD TOWN
Standard status
Active
Size
940 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Description
LOT 16 BLK 5 ROBINSONS PLAN N
Tax Annual Amount
818
Legal Description
LOT 16 BLK 5 ROBINSONS PLAN N
Building Details
Year built
1935
Floors in Building
1
Listing Agency:
Homeward Realty
(501) 505-4009
Listed By:
Anthony Walker
(870) 725-6205
Added: Jun 17
Changed: Oct 5
Last Checked: Oct 5 at 5:06PM
MLS# 26024503
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 940-square-foot restaurant property dates to 1935 and includes a kitchen at the rear, two bathrooms, and a large common area divided by a partition. Kitchen equipment attached to the building is included, and the electrical system has been updated. The interior layout is configured for restaurant use.
At 812 Chestnut Street in downtown Conway, the building sits along a street where a city beautification project added wider sidewalks, streetlamp lighting, and stamped brick. City plans have tentatively included converting the neighboring alley into a public pocket park.
At 812 Chestnut Street in downtown Conway, the building sits along a street where a city beautification project added wider sidewalks, streetlamp lighting, and stamped brick. City plans have tentatively included converting the neighboring alley into a public pocket park.
Key Highlights
- 940‑square‑foot restaurant building
- Kitchen equipment attached to the property conveys
- Two bathrooms and rear kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,565
Cap Rate
4.23%
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 4.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$214.4K
$187.6K – $250.1K
NOI $15,008 @ 7.0% cap · market cap 6.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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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
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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 - A kitchen, two restrooms, and a broad shared area support restaurant operations in a downtown Conway building.
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 $250,000.
What are key features of this property?
This property features: 940‑square‑foot restaurant building; Kitchen equipment attached to the property conveys; Two bathrooms and rear kitchen
