120 Highway 71Mena, AR 71953

Property Details for 120 Highway 71

Year built

1940

Construction

FRAME

Lot size

0.15 AC

Property size (Sq ft)

2,898 SF

Property type

Retail space

APN

6000-00534-0000

APU

6000005340000

Description

This exceptional 0.94-acre commercial property presents a unique investment opportunity in Mena, Arkansas. Strategically located on Highway 71 South, this lot enjoys high visibility and excellent accessibility, making it ideal for a wide range of commercial ventures. The property's prominent location ensures significant exposure to a substantial daily traffic volume, providing unparalleled potential for business growth and brand recognition. The expansive 0.94 acres offer ample space for development, allowing for the construction of a substantial building or the creation of a spacious outdoor area to complement your business operations. The absence of existing structures provides a blank canvas for your vision, allowing for complete customization to meet your specific needs and preferences. This prime location in Mena offers a thriving community with a strong local economy, providing a solid foundation for your investment. The property's highway frontage ensures easy access for customers and employees alike, while its proximity to other businesses and amenities further enhances its appeal. This is a rare opportunity to acquire a highly visible and versatile commercial property in a desirable location. The asking price of $375,000 reflects the exceptional value and potential of this remarkable site. Don't miss this chance to secure your future in Mena, Arkansas. Serious inquiries only.

• CAP approach

  CAP return

  Valuation

  6%

  $371,357

  6.5%

  $342,791

  7%

  $318,306

• Comparable approach

  Method

  Valuation

  Relative Method

  $522,381

  Geo Method

  $522,381

• Alternative Use

  Use

  Valuation

  Residential

  $289,157

  Hospitality

  $264,867

  Educational

  $220,366

  Medical

  $227,945

  Retail

  $342,791

Location Insight

City

Mena

County

Polk

State

Arkansas

Latitude

34.5846

Longitude

-94.232

Property Tax & Assessments

FAQs

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