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    Lot 1-4 Hwy 62 Farmington, AR 72753

    Sponsored
    For Sale
    Contact for pricing

    Prime Prairie Grove lots, high traffic, near major retailers.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial land offering presents a unique investment opportunity in Prairie Grove, Arkansas. Located along Highway 62, these lots boast unparalleled visibility and accessibility, situated directly adjacent to established businesses such as Casey's General Store, Taco Bell, and McDonald's. The property comprises four individual lots ranging in size from 2.2 acres to 55.57 acres, with prices based on a land value of $9 per square foot. Lots are available for purchase individually, and subdivision options are available to accommodate various development needs. The area is experiencing significant growth, surrounded by new and developing residential subdivisions, ensuring a strong and expanding customer base. Future sewer availability is planned for the full acreage, enhancing the development potential. High traffic counts of 11,000 cars per day along Highway 62 guarantee substantial exposure for any business. Lot 1 (4 acres) is priced at $1,586,160, and Lot 2 (5.66 acres) is priced at $2,218,946. Lots 3 and 4 are currently under contract with a major global retailer. A topographical survey is available upon request. Don't miss this chance to secure a prime location in Prairie Grove's burgeoning commercial corridor.

    Property Features for 0 Lot 1-4 Hwy 62

    General Information

    Property type
    Land
    Lot Size
    95,832 SF

    HighLights

    • Flexible lot subdivision options.
    • Excellent location within a rapidly growing area.
    • Sewer extension planned for the entire property.
    • Lot 4 is under contract with a major national retailer.
    • Topographical survey available.
    • High traffic count of 11,000 cars per day on Hwy 62.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Farmington
    County
    Washington
    State
    Arkansas
    Longitude
    -94.2745605
    Latitude
    36.0163079

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    FAQs

    What type of property is this?
    Land - Prime Prairie Grove lots, high traffic, near major retailers.
    Where is this land located?
    The property is located at Lot 1-4 Hwy 62 Farmington, AR.
    What are key features of this property?
    This property features: Flexible lot subdivision options.; Excellent location within a rapidly growing area.; Sewer extension planned for the entire property.
    (479) 271-4161
    Request Owner's contact information
    Lot 1-4 Hwy 62 Farmington, AR 72753
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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
    Lot 1-4 Hwy 62 Farmington, AR 72753
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