Property profile

1600 Reine S St Mena, AR 71953

OFF-MARKET
Commercial land
Property ID
US05-1929208
0.54 ac lot
Entity Owned Free & Clear
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Property summary

AI-generated overview

This exceptional 3-acre property located at 1600 Reine, Mena, Arkansas, presents a unique investment opportunity. Situated in Mena, AR, this expansive lot offers significant potential for a variety of uses, making it an attractive prospect for developers, investors, or those seeking a substantial land holding. The property's size provides ample space for various projects, from residential development to commercial ventures, or simply as a large private estate. The absence of existing structures allows for complete design flexibility, enabling the creation of a custom-built property tailored to specific needs and preferences. The location in Mena offers access to local amenities and services, while also providing a tranquil setting away from the hustle and bustle of larger cities. Given its size and location, this property represents a rare chance to acquire a significant land parcel in a desirable area. The asking price of $225,000 reflects the considerable potential and value offered by this exceptional piece of land. Serious inquiries are encouraged to explore the possibilities this property presents. Further details regarding zoning and potential uses are readily available upon request. Don't miss this opportunity to secure a substantial land holding in Mena, Arkansas.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.54 ac (23,479 SF)
APN 6000-01003-0000
UPID US05-1929208

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Radio Station Telecommunications Service
  • Radio Station Telecommunications Service

Location

1600 Reine S St Mena, AR 71953-3728
Mena metro Census 950201
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$240k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$240k

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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