607 E 51St St Texarkana, AR 71854
Property profile & analytics
607 E 51St St Texarkana, AR 71854
- Turn key restaurants
- 5,032 SF
- 1.52 lot acres
Property ID
US05-1807115
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Chilango’s Mexican Restaurant / Restaurant
Property Details for 607 E 51St St
- Year built
- 2013
- Construction
- MIXED
- Lot size
- 1.52 lot acres
- Property size
- 5,032 SF
- Property type
- Turn key restaurants
- APN
- 6130050
- APU
- 6130050
Description
This exceptional restaurant property, located at 607 E 51st St, Texarkana, AR 71854, presents a lucrative investment opportunity. Built in 2013, this 5,032 square foot establishment sits on a 1.52-acre lot and boasts a prime location with excellent visibility facing Interstate 30, ensuring high traffic volume. The property is currently available for lease under a triple-net (NNN) lease agreement with a term of 3 years at a monthly rate of $6,500. The asking price for the entire property is $1,500,000, translating to $298.09 per square foot. Ample parking is available for patrons and staff. This turnkey restaurant offers a strong foundation for continued success, benefiting from its established presence in a high-traffic area and convenient access from I-30. The property's size and location make it ideal for a variety of restaurant concepts. The building's 2013 construction ensures modern amenities and efficient operations. This is a rare opportunity to acquire a well-positioned restaurant property in a thriving market. Serious inquiries are encouraged.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $900,000
- ML approach
- $960,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $714,000
Market price range: $262k - $715k -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $805,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Texarkana
- County
- Miller
- State
- Arkansas
- Longitude
- -94.0363
- Latitude
- 33.4713
- CBSA code
- 45500
- CBSA name
- TEXARKANA, TX-TEXARKANA, AR METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$13,286
$100,280
$131,190
$231,470
-
$501,400
$655,950
$1,157,350
