Two-Story Mixed-Use
For Sale
$2,450,000
912 Front Street, Conway, AR 72032
Combines a restaurant and bar, private event space, balcony seating, and four finished apartments.
Property Size10,000 SF
Price / SF$245
Days on Market88
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Property Features for 912 Front Street
General Information
Standard status
Active
Size
10,000 SF
Class
Class A
Property subtype
Commercial / Industrial
Occupancy
100%
Restaurant
Patio
Yes
Equipment Included
Yes
Additional Details
Furnished
Yes
Road Access
Yes
Multifamily Units
4
Amenities
prominent signage
private event space
Building Details
Buildings
1
Stories
2
Listing Agency:
Moses Tucker Partners
(501) 376-6555
Listed By:
Clint Bailey · License #SA00073895
(501) 358-8280
Source:
Heilesassociatesrealtors
Added: Jul 20
Changed: Oct 15
Last Checked: Oct 14 at 10:27PM
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 Moses Tucker Partners
Investment Insights
Based on property information with market context.
This 10,000 SF, two-story mixed-use property was built in 2017 and combines hospitality and residential components. The restaurant and bar include furniture, fixtures, and equipment, along with a second-floor full-service bar, private event space, and an approximately 1,000 SF balcony patio. Four apartments with modern finishes are also part of the property.
The building is fully leased and located at 912 Front St in Conway’s downtown Entertainment District. Its setting includes surrounding retail, nightlife, and year-round events, with Front Street access and an established pedestrian presence. Current occupancy includes Seven Oaks Steak and Seafood.
The building is fully leased and located at 912 Front St in Conway’s downtown Entertainment District. Its setting includes surrounding retail, nightlife, and year-round events, with Front Street access and an established pedestrian presence. Current occupancy includes Seven Oaks Steak and Seafood.
Key Highlights
- 10,000 SF mixed‑use property built in 2017
- Fully leased building with restaurant, bar, event space, and residential components
- Restaurant and bar include FF&E, a second‑floor full‑service bar, and private event space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$112,398
Cap Rate
4.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,247,960
$2.2M
Cap Rate 7%
$1,605,686
$1.6M
Cap Rate 9%
$1,248,867
$1.2M
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$159.6K $15.96/SF
− Vacancy
−$9.7K −$0.97/SF
EGI
$149.9K $14.99/SF
− OpEx
−$37.5K −$3.75/SF
NOI
$112.4K $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%
$2,247,960
Cap Rate 7%
$1,605,686
Cap Rate 9%
$1,248,867
Alternative Uses
Best Use
Specialty Retail
$1.61M
$1.40M – $1.87M
NOI $112,398 @ 7.0% cap · market cap 4.59%
Second Best
Mixed Use
$1.07M
$938.4K – $1.25M
NOI $75,075 @ 7.0% cap · market cap 3.06%
Theoretical Best
Office A
$2.28M
$2.00M – $2.66M
NOI $159,662 @ 7.0% cap · market cap 6.52%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,549
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Combines a restaurant and bar, private event space, balcony seating, and four finished apartments.
Where is this mixed-use property located?
The property is located at 912 Front Street Conway, AR.
What is the asking price?
The asking price for this property is $2,450,000.
What are key features of this property?
This property features: 10,000 SF mixed‑use property built in 2017; Fully leased building with restaurant, bar, event space, and residential components; Restaurant and bar include FF&E, a second‑floor full‑service bar, and private event space
