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    Highway 278 Monticello, AR 71655

    Sponsored
    For Sale
    $1,297,500

    Acreage - Monticello, AR

    Lot size:
    173.00 Acres
    Days on Market:
    488
    Last Refresh:
    Jan 5 at 2:06 pm

    Property Features for Highway 278

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    173.00 Acres

    Building Details

    Architectural style
    Other

    DuBose Real Estate and Land Company (501) 804-7395

    Listing agent Mark Knight (501) 219-8600

    Listing date Sep 5, 2024

    MLS# 24032560 Listing URL

    Copyright © 2025 Cooperative Arkansas Realtors Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Monticello Acreage: Highway 278 Frontage

    This 173-acre property is located in Drew County and offers an investment opportunity with 2000 feet of frontage along Highway 278. The land is situated 1.5 miles from the intersection of Highways 425 and 278 and a quarter mile from the new loop connecting to Drew County Regional Medical Center. The location is near essential amenities such as Walmart, shopping, dining, and services. The property features a pine plantation and is near the University of Arkansas Monticello. This land is suitable for commercial or residential development, timber management, or recreational use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Monticello
    County
    Drew
    State
    Arkansas
    Longitude
    -91.828811661377
    Latitude
    33.63445563961

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    FAQs

    What type of property is this?
    Land - 173 acres with highway frontage, ideal for development or investment.
    Where is this land located?
    The property is located at Highway 278 Monticello, AR.
    What is the asking price?
    The asking price for this property is $1,297,500.
    What are key features of this property?
    This property features: - Prime highway frontage: 2000 feet on Highway 278 for exceptional visibility.; - Strategic location: Just 1.5 miles from the intersection of Highways 425 and 278.; - Development potential: Ideal for commercial or residential projects.
    (501) 231-8778
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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
    Highway 278 Monticello, AR 71655
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