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    OFF-MARKET
    Office buildings

    400 Prt Arthur Ave, Mena, AR 71953-3350

    1,120 SF 0.16 ac lot Built 1990
    Individually Owned 6-yr Hold Absentee Owner Free & Clear
    Property ID
    US05-1767576
    Property summary
    AI-generated overview

    This exceptional commercial property, located at 400 Port Arthur in Mena, Arkansas, presents a unique investment opportunity. The 0.16-acre lot offers significant potential for a variety of commercial ventures. Its strategic location within Mena provides excellent visibility and accessibility, making it an attractive site for businesses seeking a prominent presence in the community. The property's size is particularly suitable for smaller-scale commercial developments, such as a retail outlet, office space, or a specialized service business. The absence of existing structures allows for complete design flexibility, enabling the construction of a building tailored to specific business needs. Given the property's location and size, it is well-suited for entrepreneurs and investors looking to establish a new business or expand existing operations. The asking price of $179,900 represents a competitive entry point into the Mena commercial real estate market. Serious inquiries are encouraged to explore the possibilities this property offers. Further due diligence is recommended to confirm zoning regulations and development possibilities. This is a rare opportunity to acquire a well-positioned commercial lot in a growing Arkansas town. Don't miss out on this chance to secure a valuable piece of Mena's commercial landscape.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1990
    Construction FRAME
    Total area 1,120 SF
    Lot 0.16 ac (7,013 SF)
    APN 6000-00275-0000
    UPID US05-1767576
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    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
    by Request
    Owner & transaction history
    J Davis Oates · 6 yrs held
    J Davis Oates
    since 2019
    2 recorded transactions
    2019
    $47,500
    2019
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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