Commercial Land with Existing
For Sale
$525,000
Pending
2807 N Arkansas Avenue, Russellville, AR 72802
CommercialSale, Russellville, AR
Property Size4,916 SF
Lot Size1.70 Acres
Days on Market289
Property Features for 2807 N Arkansas Avenue
General Information
Property type
Commercial Sale
Property subtype
Retail
Lot features
City Lot
Directions
From I-40 head N on Hwy 7 and property will be on your left.
Standard status
Pending
APN
902-30526-000C
Size
4,916 SF
Lot size
1.70 Acres
Taxes and HOA fees
Tax Description
PT S1/2 S1/2 SE SE CITY OF RUSSELLVILLE
Tax Annual Amount
3187
Legal Description
PT S1/2 S1/2 SE SE CITY OF RUSSELLVILLE
Building Details
Year built
1991
Listing Agency:
Lindsey & Associates Inc
(479) 521-6611
Listed By:
Brandon Rausch · License #SA00094802
(479) 380-8960
Added: Dec 24, 2025
Changed: Sep 14
Last Checked: Oct 9 at 6:06AM
MLS# 1331410
Copyright © 2026 ArkansasONE MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1.7-acre commercial land offering includes an existing 4,916-square-foot structure built in 1991. The property carries a C2 Highway Commercial designation, combining a development site with an established improvement already in place.
Located at 2807 N Arkansas Avenue in Russellville, the parcel fronts Highway 7. The site is positioned along a commercial corridor and is identified for redevelopment or repositioning for highway-oriented commercial uses.
Located at 2807 N Arkansas Avenue in Russellville, the parcel fronts Highway 7. The site is positioned along a commercial corridor and is identified for redevelopment or repositioning for highway-oriented commercial uses.
Key Highlights
- 1.7 +/- acres of commercial land
- C2 Highway Commercial zoning
- Highway 7 frontage in Russellville, AR
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,354
Cap Rate
8.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$887,080
$887.1K
Cap Rate 7%
$633,629
$633.6K
Cap Rate 9%
$492,822
$492.8K
Market Conditions
NOI Build-Up for 4,916 SF
Gross rent
$67.8K $13.80/SF
− Vacancy
−$4.5K −$0.91/SF
EGI
$63.4K $12.89/SF
− OpEx
−$19.0K −$3.87/SF
NOI
$44.4K $9.02/SF
Area
Pope County, AR
Vacancy
6.60%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$887,080
Cap Rate 7%
$633,629
Cap Rate 9%
$492,822
Alternative Uses
Best Use
Retail
$633.6K
$554.4K – $739.2K
NOI $44,354 @ 7.0% cap · market cap 8.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$785.4K
$687.3K – $916.4K
NOI $54,981 @ 7.0% cap · market cap 10.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
175
Businesses Nearby
133k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 44%
Dining 42%
Hotels & Casinos 14%
Phillips 66
Shops & Services
23,094 visits/mo
0.3 miles
Cracker Barrel Old Country Store
Dining
18,717 visits/mo
0.5 miles
Exxon
Shops & Services
16,087 visits/mo
0.3 miles
Burger King
Dining
12,830 visits/mo
0.4 miles
Dollar General
Shops & Services
11,074 visits/mo
0.1 miles
Demographics for 72802, AR
22,752
Population
9,687
Households
2.3
Avg Household Size
39
Median Age
32%
College-Educated
90%
High-School Grad
137.7 sq mi
ZIP Area
165
Density / Sq Mi
$61,664
Median Household Income
$37,206
Median Earnings
$887
Median Rent
$196,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - C2-zoned commercial land with Highway 7 frontage and an existing structure for redevelopment or repositioning.
Where is this commercial land located?
The property is located at 2807 N Arkansas Avenue Russellville, AR.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 1.7 +/- acres of commercial land; C2 Highway Commercial zoning; Highway 7 frontage in Russellville, AR
