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Tara Limbird

Principal Broker | Operator | Limbird Real Estate Group | PLACE

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208 Morrow St , Mena, AR 71953
$585,000
Est. Payment: $3,015.87/mo
0 Bed
0 Bath
4284 Sqft
Status: Active | Days on site: 147
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130000909 - 93413
By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from Tara Limbird, its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.
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Tara Limbird
Principal Broker | Operator
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House 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.
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Highlights

Listed by Ashley Habiger , 479-317-1372 Delta Properties , 479-310-8723. Arkansas Regional MLS, LLC

Property Type

Commercial Sale

Year Built

1985

County

Polk

Listing ID

1341587

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:0
  • ▪ Bathrooms:0
  • ▪ Full Bathrooms:

Exterior Features

Lot:City Lot
Garage Capacity:22
Zoning:Commercial
Principal Interest
$3,016
Taxes
$373

Home Price

$585,000

Loan Details

30 yrs
6.687%

Down Payment

20%
$117,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$3,015.87

Principal

Taxes

Principal Taxes HOA Total
Monthly $3,015.87 $372.94 $0.00 $3,388.80
Yearly $36,190.40 $4,475.25 $0.00 $40,665.65
Total $1,085,711.90 $134,257.50 $0.00 $1,219,969.40

Today's Rates

30 Year

6.69%

20 Year

6.61%

15 Year

6%

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Market insight data is pulled from the same city as the listing being viewed (Mena, AR).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Arkansas Regional MLS, LLC, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-09-04T20:10:26.000Z

© 2026 Arkansas Regional MLS, LLC