R-3 Residential Development
For Sale
$300,000
515 2nd Avenue, Gravette, AR 72736
R-3 zoned lot with capacity for up to ten residential units, suited for flexible multifamily or rental development plans.
Property SizeContact for details
Days on Market129
Property Features for 515 2nd Avenue
General Information
Standard status
Active
Property subtype
Lots/Land
Zoning
R 3
Taxes and HOA fees
Annual Taxes
$168
Listing Agency:
Collier & Associates- Rogers Branch
(479) 216-7158
Listed By:
Wally Teichmann · License #EB00082085
(479) 216-7158
Source:
Exitrealty
Added: Apr 15
Changed: Aug 8
Last Checked: Jul 4 at 2:49AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Collier & Associates- Rogers Branch
Investment Insights
Based on property information with market context.
This R-3 zoned residential development lot is offered for sale with potential to develop up to ten residential units. The parcel provides flexibility for a multifamily housing concept or a collection of rental homes, depending on how you plan and configure the site.
The property is located near Centennial Park and is described as just minutes from Gravette High School. Its placement in a residential community setting may support a variety of housing strategies aimed at local demand.
For developers, investors, and builders, the R-3 zoning and the stated unit capacity are the key attributes. The site can be evaluated for multifamily redevelopment or for designing multiple residential units within a single development footprint. Buyers looking to pursue a residential ground-up project should confirm the specifics of density and development requirements with the local planning authority before finalizing plans.
The property is located near Centennial Park and is described as just minutes from Gravette High School. Its placement in a residential community setting may support a variety of housing strategies aimed at local demand.
For developers, investors, and builders, the R-3 zoning and the stated unit capacity are the key attributes. The site can be evaluated for multifamily redevelopment or for designing multiple residential units within a single development footprint. Buyers looking to pursue a residential ground-up project should confirm the specifics of density and development requirements with the local planning authority before finalizing plans.
Key Highlights
- R‑3 zoned parcel with capacity to develop up to ten residential units
- Flexible development use for multifamily housing or a collection of rentals
- Located near Centennial Park
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
256
Businesses Nearby
Explore this area
Business Placement
Demographics for 72736, AR
7,046
Population
2,682
Households
2.6
Avg Household Size
38
Median Age
24%
College-Educated
88%
High-School Grad
98.5 sq mi
ZIP Area
72
Density / Sq Mi
$73,565
Median Household Income
$43,892
Median Earnings
$1,012
Median Rent
$277,500
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - R-3 zoned lot with capacity for up to ten residential units, suited for flexible multifamily or rental development plans.
Where is this residential land & home lot located?
The property is located at 515 2nd Avenue Gravette, AR.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: R‑3 zoned parcel with capacity to develop up to ten residential units; Flexible development use for multifamily housing or a collection of rentals; Located near Centennial Park
