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    1427 Center St Greenwood, AR 72936

    Sponsored
    For Sale
    $725,000

    16 Acres, High-Visibility Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 16.35-acre commercial land parcel presents a remarkable investment opportunity in Greenwood, Arkansas. Strategically located on the east side of town, this property boasts over 1,100 feet of frontage along the north side of East Center Street, providing unparalleled visibility and accessibility. Its prime location benefits from proximity to a newly constructed bypass, ensuring convenient access for businesses and customers. The surrounding area is densely populated, with numerous residential rooftops, adding to the property's high potential. Nearby amenities include the Vache Grasse Country Club, Greenwood Athletic Club, a middle school, an elementary school, and a recently opened Dollar General store, creating a vibrant and thriving community. The asking price for this expansive tract is $725,000. The seller is willing to consider dividing the property, offering flexibility for various development scenarios. This is an exceptional chance to acquire a significant commercial land holding in a rapidly growing area of Greenwood, Arkansas, with excellent potential for a wide range of commercial ventures. The property is zoned for commercial use (verification required by buyer). The address is 1427 E Center St, Greenwood, AR 72936. This property is located in Sebastian County.

    Property Features for 1427 Center St

    General Information

    Property type
    Land
    Lot Size
    712,206 SF

    HighLights

    • 16.35‑acre commercial land parcel in Greenwood, AR, priced at $725,000.
    • Over 1,100 feet of frontage on East Center Street, offering high visibility and accessibility.
    • Excellent location near a new bypass, providing convenient access.
    • Situated in a densely populated area with nearby amenities including schools, a country club, and retail.
    • Seller will consider dividing the property.
    • Zoned commercial (buyer to verify). Address: 1427 E Center St, Greenwood, AR 72936.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Greenwood
    County
    Sebastian
    State
    Arkansas
    Longitude
    -94.2370813
    Latitude
    35.2071922

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    FAQs

    What type of property is this?
    Land - 16 Acres, High-Visibility Location
    Where is this land located?
    The property is located at 1427 Center St Greenwood, AR.
    What is the asking price?
    The asking price for this property is $725,000.
    What are key features of this property?
    This property features: 16.35-acre commercial land parcel in Greenwood, AR, priced at $725,000.; Over 1,100 feet of frontage on East Center Street, offering high visibility and accessibility.; Excellent location near a new bypass, providing convenient access.
    (479) 785-4343
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    1427 Center St Greenwood, AR 72936
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    Greenwood, AR 72936
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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
    1427 Center St Greenwood, AR 72936
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