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    23375 Highway 64 Knoxville, AR 72845

    For Sale
    $359,900

    Exceptional rural acreage, ideal for development. High growth potential.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    316
    This exceptional 5.86-acre property located at 23375 Highway 64 in Knoxville, Arkansas, presents a unique opportunity for investors and developers. The expansive land offers significant potential for a variety of uses, from residential development to commercial ventures. Its strategic location along Highway 64 provides excellent visibility and accessibility. The property's size allows for ample space for building, landscaping, and future expansion. The absence of existing structures provides a blank canvas for customized development, allowing for complete design flexibility and the creation of a tailored project. Given the current market conditions and the property's desirable location, this represents a compelling investment opportunity with strong potential for future appreciation. The property is classified as "Other" in terms of property type, indicating its versatility and suitability for a range of development plans. Serious inquiries are encouraged to explore the possibilities this unique acreage presents. The asking price is $359,900. Detailed site surveys and environmental reports are available upon request. This is a rare opportunity to acquire a significant parcel of land in a growing area. Don't miss out on this chance to shape the future of this prime location.

    Property Features for 23375 Highway 64

    General Information

    Property type
    Other commercial real estate
    Lot Size
    255,262 SF

    Building Details

    Year Built
    1995
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Auto Repair Shop Parking Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Knoxville
    County
    Johnson
    State
    Arkansas
    Longitude
    -93.36965
    Latitude
    35.38746

    FAQs

    What type of property is this?
    Commercial real estate - Exceptional rural acreage, ideal for development. High growth potential.
    Where is this commercial real estate located?
    The property is located at 23375 Highway 64 Knoxville, AR.
    What is the asking price?
    The asking price for this property is $359,900.
    Request Owner's contact information
    23375 Highway 64 Knoxville, AR 72845
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    23375 Highway 64
    Knoxville, AR 72845
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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
    23375 Highway 64 Knoxville, AR 72845
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