12483 Lodge Dr Garfield, AR 72732

This exceptional 24.92-acre property in Garfield, Arkansas, presents a unique redevelopment opportunity. The Whitney Mountain Lodge, boasting 18,252 square feet, features 16 units within a three-story building constructed in 1972 and extensively renovated in 2002, 2003, and 2010. Situated 700 feet above Beaver Lake, it commands panoramic year-round lake views. The property includes an outdoor patio and a downstairs bar. The site's key advantage is its likely unique status as the only redevelopment opportunity in the area with existing sewer access. This prime location offers unparalleled potential for various uses, including corporate retreats, recreational facilities, hotels, apartments, mixed-use developments, resorts, condominiums, or convention centers. Its proximity to high-net-worth amenities like Lost Bridge Air Strip, Lost Bridge Marina, and Beaver Lake Sail Club, along with its 20-minute distance from Rogers Executive Airport, further enhances its appeal. The property's location benefits from the explosive growth in Northwest Arkansas, particularly Bentonville, home to Walmart's new headquarters, and a rapidly expanding population within a 5-mile radius, projected to increase by another 20% by 2029. The asking price for this remarkable investment is $10,950,000. The property includes multiple APNs: 18-01361-000, 18-01359-000, 18-01357-002, 15-05584-000, 15-05583-000, 15-05582-000, and 18-01362-000. This is a truly exceptional opportunity to capitalize on the burgeoning Northwest Arkansas market.