1150 Highway 71Mena, AR 71953

Property Details for 1150 Highway 71

Year built

1980

Construction

FRAME

Lot size

0.56 AC

Property size (Sq ft)

3,640 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

6000-01982-0000

APU

6000019820000

Description

This exceptional opportunity presents a thriving, established steakhouse in Mena, Arkansas, listed at $795,000. The 3,640 square foot, two-story building sits on a 0.89-acre lot at 1150 Highway 71 South, zip code 71953. This turnkey operation boasts a long-standing reputation as a premier dining destination, featuring a diverse menu, a fully stocked bar, and an on-site meat market. All equipment and furniture are included in the sale, along with a separate office space and two additional outbuildings. The property includes two large walk-in freezers and public restrooms. Streamline operations with the included automated POS system, TOAST financial software, and DAVO tax system. A transferable liquor license and business name ensure a seamless transition for the new owner. Currently operating five days a week, there's significant potential for increased revenue. Financial details are available upon request to qualified buyers under a non-disclosure agreement. This fee-simple property offers a substantial cash flow and the potential for future expansion. Additional land may also be available.

• CAP approach

  CAP return

  Valuation

  6%

  $466,439

  6.5%

  $430,559

  7%

  $399,805

• Comparable approach

  Method

  Valuation

  Relative Method

  $656,130

  Geo Method

  $656,130

• Alternative Use

  Use

  Valuation

  Residential

  $363,193

  Hospitality

  $332,683

  Educational

  $276,788

  Medical

  $286,307

  Retail

  $430,559

Location Insight

City

Mena

County

Polk

State

Arkansas

Latitude

34.5736

Longitude

-94.2416

Property Tax & Assessments

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