2011 Highway 71Mena, AR 71953

Property Details for 2011 Highway 71

Year built

1950

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.64 AC

Property size (Sq ft)

2,572 SF

Property type

Retail space

APN

6000-03162-0000

APU

6000031620000

Description

This exceptional 0.64-acre commercial lot, located at 2011 Highway 71 South in Mena, Arkansas, presents a unique investment opportunity. The property's strategic location offers excellent visibility and accessibility, making it ideal for a variety of commercial ventures. Its size provides ample space for development, allowing for flexibility in design and functionality. The address, 2011 Highway 71 South, places the land in a high-traffic area, ensuring significant exposure to potential customers. This presents a compelling opportunity for businesses seeking a prominent location to establish or expand their operations. The asking price of $137,500 reflects the property's significant potential and prime location within the Mena market. Given the size and location, this lot is suitable for a range of commercial uses, from retail establishments to light industrial businesses. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. The absence of existing structures allows for complete customization to meet specific business needs. Prospective buyers are encouraged to conduct their own due diligence to confirm zoning regulations and permitted uses. This is a rare opportunity to acquire a well-situated commercial lot in a growing area. Don't miss out on this chance to secure a valuable piece of Mena real estate. The property is ready for immediate development, offering a streamlined path to establishing a successful business.

• CAP approach

  CAP return

  Valuation

  6%

  $329,583

  6.5%

  $304,230

  7%

  $282,500

• Comparable approach

  Method

  Valuation

  Relative Method

  $463,617

  Geo Method

  $463,617

• Alternative Use

  Use

  Valuation

  Residential

  $256,630

  Hospitality

  $235,071

  Educational

  $195,577

  Medical

  $202,303

  Retail

  $304,230

Location Insight

City

Mena

County

Polk

State

Arkansas

Latitude

34.5686

Longitude

-94.2552

Property Tax & Assessments

FAQs

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