208 Morrow St, Mena, AR 71953
208 Morrow St, Mena, AR 71953
208 Morrow St, Mena, AR 71953
208 Morrow St, Mena, AR 71953
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Alberto Garcia

Alberto Garcia

+1(479) 477-1824
$ 585,000
Est. payment | /mo

4,284 SqFt

Save Virtual Tour
$ 585,000
Est. payment | /mo
Save Virtual Tour

4,284 SqFt

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 4,284 sqft

Price per Sqft $136

MLS Listing ID 1341587

Construction Status 25 Years or older

HOA Y/N No

Year Built 1985

Property Description

IMPROVED 8.95% CAP RATE: Priced below replacement value, this is an excellent opportunity to acquire a healthcare real estate investment property fully occupied by MyEyeDr. Backed by Goldman Sacs and with over 900 locations, MyEyeDr. is one of the largest eye care providers nationwide. This location has served as an optometry provider for a decade, and there are few competing providers in the area. MyEyeDr. recently renewed its lease, which includes an option to renew and rental increase upon renewal. Landlord responsibility is limited, the property underwent a major renovation and expansion in 2016 and is in excellent condition. Mena is a regional trade and service center for the surrounding cities and counties and is experiencing significant economic momentum, including a $19M investment by Nidec Motor Corporation to expand its Mena facility and the Trails at Mena Project, a multi-million-dollar project designed to be one of largest lift-served mountain bike parks in the world.

Location

State AR

County Polk

Direction From US 71, turn south on Morrow Street S, property is on the east.

Interior

Heating Heat Pump

Exterior

Present Use Medical/Dental

Total Parking Spaces 22

Building

Lot Description City Lot, None

New Construction No

Construction Status 25 Years or older

Others

Special Listing Condition None

Virtual Tour https://tour.nwarealtors.org/208-Morrow-Street-Mena-AR-71953/unbranded

Listed by Delta Properties

Nearby Locations

Alberto Garcia
Alberto Garcia

Broker Associate License ID: AB00097638

+1(479) 477-1824 | alberto@nwarealtysolutions.com

GET MORE INFORMATION

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from PAK Home Realty, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Go tour this home

208 Morrow St

};