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    16508 Highway 65 Damascus, AR 72039

    Sponsored
    For Sale
    $400,000

    1.58 Acres, $400,000 - Development Potential

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional 1.58-acre property, located at 16508 Hwy 65 in Damascus, Arkansas, presents a unique investment opportunity. Priced at $400,000, this expansive lot offers significant potential for various development projects. Its strategic location along Highway 65 provides excellent visibility and accessibility, making it ideal for commercial ventures or potential residential subdivision. The property's size allows for ample space to accommodate a range of building plans, from single-family homes to larger-scale commercial developments. Given its substantial acreage and prime highway frontage, this land parcel represents a rare find in the Damascus area. The absence of existing structures provides a blank canvas for creative development, allowing for complete customization to suit specific needs and vision. Prospective buyers are encouraged to conduct their own due diligence regarding zoning regulations and development possibilities. This property is being offered as-is, and the buyer is responsible for all inspections and necessary permits. The seller is motivated and open to reasonable offers. This is a remarkable chance to acquire a significant piece of land in a growing Arkansas community. Don't miss this opportunity to secure a valuable asset with considerable future potential. Serious inquiries only.

    Property Features for 16508 Highway 65

    General Information

    Property type
    Other commercial real estate
    Lot Size
    68,825 SF

    Building Details

    Year Built
    2004
    Location Intelligence

    Current Use by Public Records

    ATM Atm

    Suggested Use

    Restaurant Realty agency Spa & Massage Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Gym & Fitness Auto Parts Store Discount Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Damascus
    County
    Van Buren
    State
    Arkansas
    Longitude
    -92.3932
    Latitude
    35.37639

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    FAQs

    What type of property is this?
    Commercial real estate - 1.58 Acres, $400,000 - Development Potential
    Where is this commercial real estate located?
    The property is located at 16508 Highway 65 Damascus, AR.
    What is the asking price?
    The asking price for this property is $400,000.
    Request Owner's contact information
    16508 Highway 65 Damascus, AR 72039
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    Damascus, AR 72039
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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
    16508 Highway 65 Damascus, AR 72039
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