1501 Rainbow RdRogers, AR 72758

This exceptional 13.35-acre property, located at 1501 S Rainbow Rd, Rogers, AR 72758, presents a compelling multifamily development opportunity. Comprising two parcels totaling 13.35 acres, both zoned T5.1 (Town Center Low), this land offers significant potential. The zoning allows for a high density of 24 multifamily units per acre, supported by an existing density concept plan within the Rogers jurisdiction. Situated in a high-growth area of Rogers, the property enjoys convenient access to Interstate 49 and major arterial roads, placing it within easy reach of both Rogers and Bentonville amenities. Its proximity to several retailers and the future 350-acre Walmart Home Office campus (2.6 miles away) further enhances its desirability. Market analysis indicates multifamily rents in the $1.45 to $1.50 per square foot range, suggesting strong potential returns on investment. This large tract of land is south of the bustling SE Walton Blvd, making it an ideal location for a garden-style or mid-rise multifamily project, or an active adult community. The asking price for this prime development site is $4,299,000.