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Residential Land in Bentonville Growth Zone
For Sale
$3,000,000

1009 SW Parnell Drive, Bentonville, AR 72713

Prime residential land in Bentonville's growth zone near airport.

Property Size2,122 SF
Price / SF$1,413
Days on Market160

Property Features for 1009 SW Parnell Drive

General Information

Standard status Active
Size 2,122 SF
Property subtype Commercial/Industrial

Taxes and HOA fees

Annual Taxes $1,538

Building Details

Year Built 1998
Listing Agency: 1 Percent Lists Arkansas Real Estate
Listed By: Kimberly Wilichowski · License #PB00073242
Source: Exitrealty
Added: Mar 2 Changed: Aug 8 Last Checked: Jul 16 at 7:33AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of 1 Percent Lists Arkansas Real Estate

Investment Insights

Based on property information with market context.

This property, currently zoned residential R1, presents several potential uses. The highest and best use is multifamily residential, given Bentonville's rapid population growth and housing demand. Mid-density apartments or townhomes are potential options for this acreage. Alternatively, a retirement or senior living community could be viable, as Bentonville positions itself as a lifestyle hub with healthcare and recreation nearby. The property's convenient airport access benefits visiting family and medical travel. While residential use is favored, small-scale commercial ventures such as medical offices or convenience retail could complement housing. The property's adjacency to the airport may also support aviation-related services. The property is strategically located in Bentonville's Growth Zone, accessible off I Street, across from the Bentonville Airport. Traffic count on I Street is 17,000 daily. Access on I street is provided by a 50' easement, although there is no current access from I street. The property size is 2122 square feet.

Key Highlights

  • Prime acreage in Bentonville's Growth Zone, ideal for multifamily residential development.
  • Strategic location across from Bentonville Airport, offering convenient access.
  • Suitable for a retirement/senior living community.

Property Analytics

Current Use

Residential land & home ...

Suggested Use

Top Pick HVAC Service Furniture & Home Goods Storage Facility Locksmith Carpet & Flooring Store (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

188
Businesses Nearby

Demographics for 72713, AR

25,076
Population
10,752
Households
2.3
Avg Household Size
31
Median Age
58%
College-Educated
97%
High-School Grad
48.5 sq mi
ZIP Area
517
Density / Sq Mi
$117,752
Median Household Income
$72,491
Median Earnings
$1,302
Median Rent
$355,000
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Residential land & home lot - Prime residential land in Bentonville's growth zone near airport.
Where is this residential land & home lot located?
The property is located at 1009 SW Parnell Drive Bentonville, AR.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: Prime acreage in Bentonville's Growth Zone, ideal for multifamily residential development.; Strategic location across from Bentonville Airport, offering convenient access.; Suitable for a retirement/senior living community.
More about this property
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