Retail Restaurant Conversion
921 N Center Street Lonoke, AR 72086
For Sale
$279,900
COMMERCIAL - Lonoke, AR
Property Size1,800 SF
Lot Size0.40 Acres
Price / SF$155.50
Days on Market225
Property Features for 921 N Center Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking
- 1
- Standard status
- Active
- Size
- 1,800 SF
- Lot size
- 0.40 Acres
Taxes and HOA fees
- Tax Description
- tbd by title co
- Tax Annual Amount
- 896
Building Details
- Year built
- 1900
- Floors in Building
- 1
Listing Agency:
CENTURY 21 Real Estate Unlimited
(501) 843-4473
Listed By:
Jimmy Driggers
(501) 837-4137
Added: Dec 12, 2025
Changed: Jul 25
Last Checked: Jul 25 at 5:06PM
MLS# 25048824
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 commercial building was formerly used as a retail/restaurant space and is presented as a ready-to-go option with existing kitchen infrastructure. The layout includes commercial kitchen hook-ups and spacious dining areas, providing a practical foundation for a variety of operating concepts.
Located at 921 N Center Street in Lonoke, the property is described as being in a high-traffic area with easy customer access and visibility. Parking is available on-site to support customer arrivals.
The offering includes a building size of 1,800 square feet and a lot size of 0.4 acres. The space is positioned for tenants or owners seeking a flexible interior plan anchored by in-place food service infrastructure.
Located at 921 N Center Street in Lonoke, the property is described as being in a high-traffic area with easy customer access and visibility. Parking is available on-site to support customer arrivals.
The offering includes a building size of 1,800 square feet and a lot size of 0.4 acres. The space is positioned for tenants or owners seeking a flexible interior plan anchored by in-place food service infrastructure.
Key Highlights
- Commercial building built in 1900 in Lonoke
- Previously used as a retail/restaurant space and designed for reuse
- Existing kitchen infrastructure and commercial kitchen hook‑ups
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 | $30.7k | $17.04 |
| − Vacancy | −$1.8k | −$1.02 |
| EGI | $28.8k | $16.02 |
| − OpEx | −$7.2k | −$4.00 |
| NOI | $21.6k | $12.01 |
1,800 SF · lease $17.04/SF/yr · vacancy 6.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$308.9K
$270.3K – $360.4K
NOI $21,624 @ 7.0% cap · market cap 7.73%
Second Best
Retail
$255.8K
$223.9K – $298.5K
NOI $17,908 @ 7.0% cap · market cap 6.40%
Theoretical Best
Office A
$366.5K
$320.7K – $427.6K
NOI $25,654 @ 7.0% cap · market cap 9.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
Similar Off Market Nearby
- M & M Florist — 1515 N Center St #3, Lonoke, AR 72086
FAQs
What type of property is this?
Storefront property - Former retail/restaurant building with existing kitchen infrastructure and commercial kitchen hook-ups, plus ample parking.
Where is this storefront property located?
The property is located at 921 N Center Street Lonoke, AR.
What is the asking price?
The asking price for this property is $279,900.
What are key features of this property?
This property features: Commercial building built in 1900 in Lonoke; Previously used as a retail/restaurant space and designed for reuse; Existing kitchen infrastructure and commercial kitchen hook‑ups
