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    213 Drew Ave Monette, AR 72447

    Sponsored
    For Sale
    Contact for pricing

    Two Commercial Buildings, 3510 SF

    Property size:
    3,510 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents two adjacent commercial buildings totaling 3,510 square feet, located at 213 and 215 Drew Street in Monette, Arkansas, zip code 72447. Situated in Craighead County, this property offers significant potential for redevelopment or repurposing. The buildings are being sold "as is," presenting a unique chance for buyers to envision and implement their own plans. The combined lot size is substantial, providing ample space for various commercial ventures. The property's location in Monette, Arkansas, offers access to local amenities and a growing community. With a list price of $29,900, this represents a compelling entry point into the Arkansas commercial real estate market. The property is classified as special purpose land and is ideal for entrepreneurs seeking a blank canvas to create a thriving business. The buildings have never been occupied by the owner, offering a clean slate for future development. This is a rare opportunity to acquire a significant commercial property at an attractive price point in a desirable location. The latitude and longitude coordinates are 35.8903042 and -90.3433614 respectively. Serious inquiries are encouraged.

    Property Features for 213 Drew Ave

    General Information

    Property type
    Land
    Square Feet
    3,510 SF

    HighLights

    • $29,900 asking price.
    • Special purpose land, 3,510 square feet.
    • Commercial property located at 213‑215 Drew, Monette, AR 72447.
    • Two adjacent commercial buildings, sold as‑is.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Law Firm Spa & Massage Dental Office Hair Salon Auto Repair Shop Clothing Store Nail Salon Pharmacy Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Monette
    County
    Craighead
    State
    Arkansas
    Longitude
    -90.3433614
    Latitude
    35.8903042

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Land - Two Commercial Buildings, 3510 SF
    Where is this land located?
    The property is located at 213 Drew Ave Monette, AR.
    What is the asking price?
    The asking price for this property is $29,900.
    What are key features of this property?
    This property features: $29,900 asking price.; Special purpose land, 3,510 square feet.; Commercial property located at 213-215 Drew, Monette, AR 72447.
    Request Owner's contact information
    213 Drew Ave Monette, AR 72447
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    213 Drew Ave Monette, AR 72447
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