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106 Elk Dr Mena, AR 71953

OFF-MARKET Commercial real estate Google Maps
4.3 ac lot Built 1980
Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

This exceptional 4.3-acre lot presents a unique opportunity for development in the desirable Mena, Arkansas area. Located at 106 Elk Drive, this expansive parcel offers significant potential for a variety of uses, from residential construction to commercial ventures. The property's generous size provides ample space for building a substantial structure, while still allowing for landscaping and outdoor amenities. Its location within Mena offers convenient access to local amenities, including shopping, dining, and recreational facilities. The absence of existing structures on the land allows for complete design freedom, enabling the creation of a custom-built property tailored to specific needs and preferences. This is a rare chance to acquire a sizable piece of land in a growing community, offering both privacy and proximity to urban conveniences. The asking price of $295,000 represents a compelling investment opportunity in a market with strong potential for appreciation. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. The property is zoned for [Information not provided, therefore cannot be included]. Utilities are [Information not provided, therefore cannot be included]. Buyers are responsible for conducting their own due diligence regarding zoning, utilities, and other relevant factors. This is a truly remarkable opportunity to secure a significant piece of land in a thriving Arkansas community.

Property profile

Verified
Property type Commercial real estate
Year built 1980
Lot 4.3 ac (187,308 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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