Zoned Multi-Family Development
For Sale
$204,400
2 Colony Circle, Bay, AR 72411
Vacant Land, Bay, AR
Property SizeContact for details
Lot Size2.92 Acres
Days on Market50
Property Features for 2 Colony Circle
General Information
Property type
Land
Property subtype
Other
Subdivision
Colony Bay
Lot features
Level
Elementary school
Bay
High school
Bay
Standard status
Active
APN
01-133032-04100
Lot size
2.92 Acres
Taxes and HOA fees
Tax Description
Lots 1,2,3,4,6,7,8 of Block A of Colony Bay Development
Legal Description
Lots 1,2,3,4,6,7,8 of Block A of Colony Bay Development
Listing Agency:
Coldwell Banker Village Communities Inc · Coldwell Banker Real Estate
(870) 935-7800
Listed By:
Meredith Edwards · License #SA00056487
(870) 935-7800
Added: Jul 15
Changed: Aug 19
Last Checked: Sep 2 at 1:06AM
MLS# 10131087
Copyright © 2026 Northeast Arkansas Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale development parcel is 2.92 acres and is zoned R-3 with conditional use approval for townhome, apartment, or condo development. City utilities are on the property, and the land has been removed from the flood zone.
The property is located off I-555 in Bay, within Craighead County, AR. Additional acreage is available for expansion. The City of Bay is also willing to consider rezoning the property for commercial zoning.
The lot is being marketed as a multi-use site that supports the currently approved residential conditional uses, with the potential to pursue commercial zoning with the City’s cooperation.
The property is located off I-555 in Bay, within Craighead County, AR. Additional acreage is available for expansion. The City of Bay is also willing to consider rezoning the property for commercial zoning.
The lot is being marketed as a multi-use site that supports the currently approved residential conditional uses, with the potential to pursue commercial zoning with the City’s cooperation.
Key Highlights
- Zoned R‑3 with conditional use approved for townhome, apartment, or condo
- City utilities located on the property
- Property is off I‑555 with additional acreage available
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
18
Businesses Nearby
Explore this area
Business Placement
Demographics for 72411, AR
2,406
Population
1,143
Households
2.1
Avg Household Size
38
Median Age
12%
College-Educated
87%
High-School Grad
36.2 sq mi
ZIP Area
66
Density / Sq Mi
$53,158
Median Household Income
$36,483
Median Earnings
$1,013
Median Rent
$101,300
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential land & home lot - Residentially zoned land in Bay, AR with utilities onsite and flood-zone removal, offering conditional approval for multifamily housing.
Where is this residential land & home lot located?
The property is located at 2 Colony Circle Bay, AR.
What is the asking price?
The asking price for this property is $204,400.
What are key features of this property?
This property features: Zoned R‑3 with conditional use approved for townhome, apartment, or condo; City utilities located on the property; Property is off I‑555 with additional acreage available
