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    Hwy 62/412 Salem, AR 72576

    Sponsored
    For Sale
    $119,000

    3-Acre Commercial Lot - $119,000

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional 3-acre commercial lot presents a unique investment opportunity in the thriving Salem, Arkansas area. Located on Highway 62/412 East, this property boasts high visibility and excellent accessibility, making it ideal for a wide range of commercial ventures. The expansive acreage offers ample space for development, allowing for significant flexibility in design and construction. Whether you envision a retail establishment, a light industrial facility, or another commercial use, this site provides the foundation for a successful enterprise. Its strategic location along a major highway ensures substantial traffic flow, maximizing exposure and potential customer reach. The property's size and location offer significant potential for future growth and appreciation. This is a rare chance to acquire a substantial piece of commercial real estate in a dynamic market. The absence of existing structures allows for complete customization to suit your specific business needs and vision. Serious inquiries are encouraged to explore the possibilities this prime location offers. The asking price of $119,000 represents a compelling value for this significant land parcel. Don't miss this opportunity to secure a prominent commercial presence in Salem, Arkansas. Contact us today to schedule a site visit and begin planning your next venture.

    Property Features for Hwy 62/412

    General Information

    Property type
    Other commercial real estate
    Lot Size
    130,680 SF

    Building Details

    Year Built
    2000
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Salem
    County
    Fulton
    State
    Arkansas
    Longitude
    -91.8339
    Latitude
    36.3596

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Commercial real estate - 3-Acre Commercial Lot - $119,000
    Where is this commercial real estate located?
    The property is located at Hwy 62/412 Salem, AR.
    What is the asking price?
    The asking price for this property is $119,000.
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    Hwy 62/412 Salem, AR 72576
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    Salem, AR 72576
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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
    Hwy 62/412 Salem, AR 72576
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