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    501 Rathel St Harrison, AR 72601

    For Sale
    $825,000

    Development Potential - Harrison, AR

    Lot size:
    18.00 Acres
    Days on Market:
    111
    Last Refresh:
    Dec 7 at 11:06 pm

    Property Features for 501 Rathel St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Multi Family
    APN
    825-14425-001
    Lot size
    18.00 Acres

    Building Details

    Architectural style
    Other

    Weichert, Realtors - Market Edge (870) 743-5555

    Listing agent Tyra Turner Wallace (870) 743-5555

    Listing date Aug 19, 2025

    MLS# 1318544 Listing URL

    Copyright © 2025 Northwest Arkansas Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Harrison, AR Development Opportunity

    This 18-acre tract in Harrison, AR, presents a development opportunity. Zoned R3, the property includes architectural plans and blueprints for a 30-unit apartment complex. Situated 0.25 miles from US 62/65, the site offers access to a major highway and is less than a mile from North Arkansas College. The location is suitable for student housing, workforce housing, or other rental-focused projects. The land, currently open pasture, is straightforward to build on and allows flexibility for developers and investors. The property may also be suitable for senior living or other commercial or multifamily options.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Building Supply Wholesale Shop Auto Repair Shop Hotel & Motel Pharmacy Gym & Fitness Auto Parts Store Kitchen & Bath Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Harrison
    County
    Boone
    State
    Arkansas
    Longitude
    -93.0820203
    Latitude
    36.2155495

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    FAQs

    What type of property is this?
    Commercial land - 18-acre tract zoned R3 with completed 30-unit apartment plans.
    Where is this commercial land located?
    The property is located at 501 Rathel St Harrison, AR.
    What is the asking price?
    The asking price for this property is $825,000.
    What are key features of this property?
    This property features: - Prime 18-acre development opportunity in a highly visible and accessible location in Harrison, AR.; - Zoned R3 with architectural plans and blueprints already completed for a 30-unit apartment complex.; - Immediate access to US 62/65 and proximity (less than a mile) to North Arkansas College.
    (870) 743-5555
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    501 Rathel St Harrison, AR 72601
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    501 Rathel St Harrison, AR 72601
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