100 Drew AveMonette, AR 72447

Property Details for 100 Drew Ave

Lot size

0.14 AC

Property size (Sq ft)

1,380 SF

Property type

Retail properties

Property subtype

Drive through restaurants

APN

06-157273-05800

APU

615727305800

Description

This 1,380 square foot commercial property, located at 100 E Drew Avenue in Monette, Arkansas, presents a unique investment opportunity. Situated on a 0.14-acre lot, this building offers significant potential for a variety of food service businesses. The property's previous use as a fast-food restaurant, Burger Barn, highlights its suitability for similar ventures. A key feature is the existing drive-thru window, a significant advantage for maximizing customer convenience and sales. The building's location in Monette, Arkansas, offers a strong market opportunity, with local residents expressing a high demand for new dining options. This presents a compelling chance for entrepreneurs to establish a thriving restaurant, bakery, or fast-food establishment. The property is priced competitively at $59,000, making it an attractive investment for those seeking to capitalize on the underserved market in Monette. The building's size and existing infrastructure provide a solid foundation for immediate operation, minimizing start-up costs and allowing for a quick return on investment. The high level of local interest and the lack of diverse food options create a favorable environment for a successful business venture. This property is ready for a new owner to bring a fresh and exciting culinary experience to the community. Serious inquiries are encouraged to explore this exceptional opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $463,695

  6.5%

  $428,026

  7%

  $397,453

• Comparable approach

  Method

  Valuation

  Relative Method

  $271,114

  Geo Method

  $271,114

• Alternative Use

  Use

  Valuation

  Residential

  $361,056

  Hospitality

  $330,725

  Educational

  $275,160

  Medical

  $284,623

  Retail

  $428,026

Location Insight

City

Monette

County

Craighead

State

Arkansas

Latitude

35.8907

Longitude

-90.3413

CBSA code

27860

CBSA name

JONESBORO, AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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