See other homes in:
Primary listing photo
Listing photo 2
Listing photo 3
Listing photo 4
Listing photo 5

5588 Us Highway 71, Cove, AR, 71937

--beds
0baths
8,000sqft
$279,000
$35price/sqft
$2,311/moest. monthly cost
$92,440/yrincome needed

About This Home

Introducing a very rare opportunity to own an 8,000A± square foot brick building in the heart of Cove, Arkansas. The Polk County commercial building is situated on a 0.62A± acre corner lot and offers 220+ feet of frontage on the very busy US Highway 71, providing maximum exposure to tourism traffic coming from Texas and Louisiana going north to ride ATV and mountain bike trails or to visit the Ouachita National Forest for hiking and other outdoor recreational activities this area is known for. On two sides of the building, you will find asphalt parking, and an alley/road is in the back for easy access and flow around the building. A paved loading dock and bay door are located on the south side of the building. There are two points of entry in the front: double entry swinging doors and automatic sliding doors, which once served customers with grocery carts in its former life as Smith's Grocery. Behind the building and the parking lot is a lot that could hold a few tiny homes or a small house and has access to all city utilities. On the inside, you will find a blank slate with block walls, concrete flooring, and some original vinyl tile. Plumbing is in place for a restroom; however, the interior framing has been removed. There have been some electrical upgrades, and natural gas heat pumps, and a room once served as the mechanical room. The building has a newer rolled membrane roof and a metal awning that surrounds the exterior. Rooftop signage is in place and can be customized for the new owners. With the vast amount of square footage and ample paved parking, the possibilities are endless! Whether you need storage, want a large retail space, would like to start a recreational business such as ax throwing, archery lanes, or a party place, or want a large footprint for a restaurant, you truly are only limited by your own imagination. Included in this listing is a storage building and a two-bay car wash with a vacuum. Call to discuss the options and schedule a showing! Location: 5588 Highway 71 S Cove, Arkansas 71937 Polk County 3A± Miles E of the Oklahoma State Line 15.4A± Miles S of Mena 31A± Miles N of DeQueen Coordinates: 34.43378, -94.41193 Property Use: Commercial Investment Warehouse Property Information: 0.62A± Acre Lot 8,000A± SqFt Brick Building Highway 71 Frontage 20+ Paved Parking Spots Loading Dock Recent Electrical Upgrades 2-Bay Carwash Storage Building Tax Information: Parcel 3200-00060-0000 (Previously 0003137) $1,546

Getting Around

23
WalkingCar-Dependent
0
TransitVery Limited Transit
23
BikeSomewhat Bikeable

Schools

8/10
Wickes Elementary SchoolGrades 3-610.3 mi
5/10

Construction

Type & Style

  • Home type: SingleFamily
  • Property subType: Other

Interior

Interior Area

  • Total structure area: 8,000
  • Total interior livable area: 8,000 sqft

Property

Lot

  • Lot size: 0.62 Acres

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Ice Storm
    Ice StormVery High
  • Lightning
    LightningRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Hail
    HailModerate
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate
  • Wildfire
    WildfireModerate

How This Home’s Risks Compare

Ice Storm
Lightning
Winter Weather
Hail
Heat Wave
Inland Flooding
Strong Wind
Tornado
Wildfire

FEMA Declared Disasters Across Arkansas Counties

Flood
Severe Storm
Tornado
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,410$16,920
Home Insurance $241$2,892
Property Taxes $81$972
Electricity $579$6,952
Total$2,311$27,732

Income You'd Need if You Spent...

35% on housing$79,234/yr
40% on housing$69,330/yr
45% on housing$61,626/yr

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 10.7%
10.7%
0%30.0%
Electricity Growth Rate10-year average: 4.3%
4.3%
0%15.0%
Property Taxes Growth Rate2-year average: 1.3%
1.3%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$35This listing

vs Other Active Listings

Avg $/sqft

ZIP 71937$74
Polk County$115

vs Homes Sold Last Month

Median $/sqft

ZIP 71937
Polk County$136

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2025-12-10Price change$279,000
2025-09-11Listed for sale$289,000

For Sale by Agent

AgentLuke Alston, ALC
BrokerageSmallTown Properties

Similar Homes