2648 Hwy 278th W, Wilmar, AR 71675-8043
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.