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    652 Hwy 62/412 Salem, AR 72576

    Sponsored
    For Sale
    $189,000

    Turnkey Restaurant, 2828 sq ft, 1.21 acres

    Property size:
    2,828 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional turnkey restaurant opportunity is ideally situated on Highway 62/412 West in Salem, Arkansas. Priced at $189,000, this established business boasts a spacious 2,828 square foot building situated on a generous 1.21-acre lot, providing ample parking for customers. The property includes a large main dining area, a separate private dining area perfect for meetings or special events, and a substantial kitchen and prep area fully equipped with all necessary commercial appliances. This includes fryers, refrigerators, grills, a broiler, an ice machine, a buffet table, and a complete set of dishes and cookware – everything needed to begin operations immediately. A small living area is located in the partial basement, adding to the property's versatility. The restaurant's prime location on a major US highway ensures high visibility and accessibility, making it an attractive investment for a savvy entrepreneur. Its proximity to Lake Norfork further enhances its appeal to tourists and locals alike. This is a rare opportunity to acquire a well-established, fully equipped restaurant in a desirable location. Don't miss out on this chance to own a thriving business in the heart of the Arkansas Ozarks.

    Property Features for 652 Hwy 62/412

    General Information

    Property type
    Investment properties
    Square Feet
    2,828 SF
    Lot Size
    52,708 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Salem
    County
    Fulton
    State
    Arkansas
    Longitude
    -91.8358293
    Latitude
    36.3714676

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    FAQs

    What type of property is this?
    Investment property - Turnkey Restaurant, 2828 sq ft, 1.21 acres
    Where is this investment property located?
    The property is located at 652 Hwy 62/412 Salem, AR.
    What is the asking price?
    The asking price for this property is $189,000.
    Request Owner's contact information
    652 Hwy 62/412 Salem, AR 72576
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    Salem, AR 72576
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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
    652 Hwy 62/412 Salem, AR 72576
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