Property profile

2648 Highway 278 Wilmar, AR 71675

FOR SALE
Turn key restaurants
Property ID
US05-0908923
1,456 SF 0.23 ac lot Built 1980
Individually Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This unique investment opportunity in Wilmar, Arkansas, presents a 1,456 square foot mixed-use property located at 2648 Highway 278, zip code 71675, Drew County. Previously utilized as a restaurant, this versatile space offers significant potential for a variety of commercial ventures. Its prime location boasts excellent road frontage, ensuring high visibility and accessibility. The asking price is $70,000. Included in the sale is a partially remodeled mobile home, presenting immediate rental income potential. The mobile home's unfinished renovations offer further value-add opportunities, with the potential for increased resale value upon completion. This property is classified as manufacturing and other mixed-use, offering a blend of commercial and residential possibilities. The property's latitude and longitude coordinates are 33.6288694 and -91.935902 respectively. This presents a rare chance to acquire a property with both immediate income potential and long-term growth prospects in a desirable Arkansas location. The property is zoned for mixed-use and offers a unique opportunity for an investor seeking a blend of commercial and residential income streams. The existing structure provides a solid foundation for a variety of business ventures, while the mobile home offers additional income potential and a chance to increase property value through further renovations.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1980
Total area 1,456 SF
Lot 0.23 ac (10,019 SF)
APN 704-00095-000-C
UPID US05-0908923

Cap rate & NOI

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

Location

2648 Highway 278 Wilmar, AR 71675
Wilmar metro Census 490500
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$150k

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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