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    1904 Linwood Dr Paragould, AR 72450

    Sponsored
    For Sale
    $1,400,000

    High-traffic location, prime development opportunity.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 6.34-acre commercial land parcel presents a rare investment opportunity in Paragould, Arkansas. Located at the highly visible, signalized intersection of Highway 49 and Pruetts Chapel Road, this property boasts unparalleled exposure to over 26,900 vehicles daily. The site offers approximately 471 feet of frontage on Highway 49 and 344 feet on Pruetts Chapel Road, ensuring maximum visibility for any business. This prime location is situated in Paragould's most active development area, with the majority of recent investment concentrated in this immediate vicinity. The property benefits from its proximity to established businesses, including a Unico Bank, Cadence Bank, and an Exxon station, as well as a newly constructed high-volume Wal-Mart Neighborhood Market. This land has been family-owned for over four decades and is now available for the first time. Its strategic location and high traffic count make it ideal for a wide range of commercial developments. The asking price is $1,400,000. This is a unique chance to acquire a significant piece of commercial real estate in a thriving Arkansas community. The property is zoned for commercial use and is ready for immediate development. Don't miss this exceptional opportunity to capitalize on Paragould's continued growth.

    Property Features for 1904 Linwood Dr

    General Information

    Property type
    Land
    Lot Size
    276,170 SF

    HighLights

    • 6.34‑acre commercial land tract at the signalized intersection of Hwy 49 and Pruetts Chapel Road in Paragould, AR.
    • Located in Paragould's primary development area with high investment activity.
    • High visibility across from Unico Bank, Cadence Bank, and Exxon, and north of a new Wal‑Mart Neighborhood Market.
    • First‑time offering in over 40 years; previously family‑owned.
    • High traffic count with 471 ft of Hwy 49 frontage and 344 ft of Pruetts Chapel Road frontage, exceeding 26,900 vehicles daily.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Paragould
    County
    Greene
    State
    Arkansas
    Longitude
    -90.515260149045
    Latitude
    36.036733694956

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    FAQs

    What type of property is this?
    Land - High-traffic location, prime development opportunity.
    Where is this land located?
    The property is located at 1904 Linwood Dr Paragould, AR.
    What is the asking price?
    The asking price for this property is $1,400,000.
    What are key features of this property?
    This property features: 6.34-acre commercial land tract at the signalized intersection of Hwy 49 and Pruetts Chapel Road in Paragould, AR.; Located in Paragould's primary development area with high investment activity.; High visibility across from Unico Bank, Cadence Bank, and Exxon, and north of a new Wal-Mart Neighborhood Market.
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    1904 Linwood Dr Paragould, AR 72450
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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
    1904 Linwood Dr Paragould, AR 72450
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