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    5838 Highway 49 Paragould, AR 72450

    Sponsored
    For Sale
    $3,750,000

    19 Acres, Hwy 49 Frontage, Prime Location

    Property size:
    1,664 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    343
    This exceptional 1,664 square foot retail property, situated on a expansive 19.35-acre lot at the corner of Highway 49 South and Greene 765 Road in Paragould, Arkansas, presents a remarkable investment opportunity. Its strategic location offers unparalleled visibility and accessibility, boasting significant highway frontage. The property is ideally positioned across from the planned site of a new Central Baptist Church at the Highway 69 intersection, ensuring high traffic counts and prominent exposure to a large potential customer base. This prime location within a thriving commercial area makes it suitable for a diverse range of development projects. Whether the vision is a commercial center, a residential community, or a mixed-use development, this property provides the space and strategic positioning to realize ambitious plans. The ample acreage allows for flexibility in design and layout, catering to various development scales and densities. The existing infrastructure and proximity to key roadways further enhance its appeal, minimizing development challenges and maximizing potential returns. This is a rare opportunity to acquire a substantial parcel of land in a rapidly growing area, offering significant long-term growth potential. The asking price is $3,750,000.

    Property Features for 5838 Highway 49

    General Information

    Property type
    Retail properties
    Square Feet
    1,664 SF
    Lot Size
    842,886 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail properties

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Hair Salon Nail Salon Gym & Fitness Auto Parts Store Storage Facility Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Paragould
    County
    Greene
    State
    Arkansas
    Longitude
    -90.5407
    Latitude
    35.98881

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    FAQs

    What type of property is this?
    Retail property - 19 Acres, Hwy 49 Frontage, Prime Location
    Where is this retail property located?
    The property is located at 5838 Highway 49 Paragould, AR.
    What is the asking price?
    The asking price for this property is $3,750,000.
    (870) 972-9191
    Request Owner's contact information
    5838 Highway 49 Paragould, AR 72450
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    Paragould, AR 72450
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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
    5838 Highway 49 Paragould, AR 72450
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