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Property profile & analytics
FOR SALE
Turn key restaurants

615 Mena St Mena, AR 71953

2,500 SF 0.08 ac lot Built 1915
Individually Owned 14-yr Hold Absentee Owner Free & Clear
Property ID
US05-1807265
Property summary
AI-generated overview

This exceptional commercial property, located at 615 Mena Unit Yes in Mena, Arkansas, presents a unique investment opportunity. The 0.08-acre lot offers significant potential for a variety of commercial ventures. Its strategic location within Mena provides easy access to local businesses, amenities, and transportation routes, making it an attractive site for entrepreneurs and investors alike. The property's relatively small size makes it suitable for smaller-scale developments, such as a boutique retail space, a professional office, or a specialized service business. The absence of existing structures allows for complete design flexibility, enabling the creation of a building tailored to specific needs and preferences. Given the current market conditions in Mena, this property represents a strong investment with potential for substantial returns. The asking price of $250,000 reflects the property's prime location and development potential. Serious inquiries are encouraged to explore this exciting opportunity to establish a thriving business in a vibrant community. Further due diligence is recommended to confirm zoning regulations and development possibilities. The property is ready for immediate development, offering a streamlined path to realizing your commercial vision. This is a rare chance to acquire a well-situated commercial lot in a growing Arkansas town.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1915
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 2,500 SF
Lot 0.08 ac (3,485 SF)
APN 6000-00348-0000
UPID US05-1807265
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
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Richard L Chrisman · 14 yrs held
Richard L Chrisman
since 2012
1 recorded transaction
2012
$98,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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